Question

A company reported a sale revenue for $700,000. The gross profit margin is 60% and the
selling expenses are 10% of the sales revenue. The general and administrative expenses are
$77,000 and the income tax rate for the current year is 25%. Compute the net income.
a. $99,750
b. $204,750
c. $273,000
d. $262,500

Answer 1

Answer:

job and the other one I have to do something

Explanation:

no sure what time do u want me there and back

Answer 2

A company reported a sale revenue for $700,000. The gross profit margin is 60% and the

selling expenses are 10% of the sales revenue. The general and administrative expenses are

$77,000 and the income tax rate for the current year is 25%. Compute the net income.