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Green Company manufactures phone cases. Last week, it recorded sale for $50,000 and cost goods sold for $30,000. Selling and administrative expenses were equal to
Green Company manufactures phone cases. Last week, it recorded sale for $50,000 and cost goods sold for $30,000. Selling and administrative expenses were equal to $8,000. The income tax rate for the company is 40%. What was the operating income for the week?
a) $12,000
b) $20,000
c) $42,000
d) 7,200
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