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.

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Answer 1

Answer:

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Answer 2

Answer:

The general and administrative expenses are $77,000 and the income tax rate for the current year is 25%. Compute the net income

Explanation:

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