Question
Can't seem to get this simple problem! Need to find net income! A proposed new investment has projected sales of $831,000. Variable costs are 56
Can't seem to get this simple problem! Need to find net income!
A proposed new investment has projected sales of $831,000. Variable costs are 56 percent of sales, and fixed costs are $187,240; depreciation is $94,000. Assume a tax rate of 35 percent.
What is projected net income? nevermind i got the answer!
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International financial management
Authors: Jeff Madura
12th edition
1133947832, 978-1305195011, 978-1133947837
