Question
During 2018, Founders Brewery had sales of $2,290,454. The cost of goods sold $1,218,960 and other expenses were $406,320. Depreciation during the year was $162,224
During 2018, Founders Brewery had sales of $2,290,454. The cost of goods sold $1,218,960 and other expenses were $406,320. Depreciation during the year was $162,224 and financing costs (interest expenses) were $262,670. What is the firm's net income after taxes if the tax rate is 34 percent (round to the nearest integer)?
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Introduction to Management Accounting
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
16th edition
978-0133058819, 9780133059748, 133058816, 133058786, 013305974X , 978-0133058789
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