Answer:
Net Income $ 495,000
Explanation:
The net income represent the amount that would be left after all expenses have been deducted from all the sales revenue.
$
Sales revenue 4,597,000
Cost of goods sold <u>(3,399,000)</u>
Gross profit 1,198,000
Operating expenses <u> (448,000)</u>
Profit before taxes 750,000
Taxes (34%×750,000) <u> (255,000)
</u>
Net Income <u> 495,000
</u>
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Answer :
13.86%
Explanation:
Calculation of the Expected rate of return
First step
Expected return = (.12 x.187) + (.84 x.144) + [.04 x(-.12)]
Second step
Expected return =(0.02244)+(0.12096)+ (-0.0048)
Expected return=0.1386 ×100
Expected return=13.86%
Therefore the Expected return would be 13.86%