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Wessel Corp. plans to sell 1,000 units in 2015 at an average sale price of $45 each. Cost of goods sold will be 40% of
Wessel Corp. plans to sell 1,000 units in 2015 at an average sale price of $45 each. Cost of goods sold will be 40% of the sale price. Depreciation expense will be $3,000, interest expense $2,500, and other expenses will be $4,000. Wessel's tax rate is 25%. What will Wessel Corp's net income be for 2015?
a. 11,590 b. 13,125 c. 15,000 d. 17,770
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