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Misha Larkins [42]
3 years ago
11

Misty Company reported the following before-tax items during the current year: Sales revenue $ 1,200 Selling and administrative

expenses 620 Restructuring charges 20 Loss on discontinued operations 40 Misty's effective tax rate is 25%. What is Misty's net income for the current year? Multiple Choice $460. $390. $420. $380.
Business
1 answer:
DaniilM [7]3 years ago
7 0

Answer:

 $420

Explanation:

The computation of the net income for the current year is shown below:

Sales revenue                                              $1,200

Less: Selling and administrative expense  -$620

Less: Restructuring charges                        -$20

Less: Income tax expense at 25%               - $140

Net income                                                    $420

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g Companies can help to ensure they do their part toward achieving the Sustainable Development Goals set out by UNCTAD by
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The correct answer to this open question is the following.

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2 years ago
Bennett Co. has a potential new project that is expected to generate annual revenues of $262,100, with variable costs of $144,00
swat32

Answer:

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Explanation:

Giving the following information:

Sales= $262,100

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Total fixed costs= $61,300.

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<u>We need to determine the operating cash flow:</u>

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7 0
3 years ago
Use the following information to answer the next two questions. Downey Company bought a delivery truck for $62,000 on January 1,
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Answer and Explanation:

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But before that first determine the cost of the asset which is

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7 0
3 years ago
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