1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kodGreya [7K]
3 years ago
13

Frank Town Farms has sales of $481,600, costs of $379,700, depreciation expense of $32,100, and interest paid of $8,400. The tax

rate is 32%. How much net income did the firm earn for the period?A. $41,752B. $43,090C. $43,380D. $45,671E. $45,886
Business
1 answer:
Vinvika [58]3 years ago
4 0

Answer:

net income = $41752

so correct option is A. $41,752

Explanation:

given data

sales price = $481,600

costs price = $379,700

depreciation expense = $32,100

interest paid = $8,400

The tax rate = 32%

to find out

net income did the firm earn for the period

solution

we get here net income that earn for the period is express as

net income = ( sales price - costs price - depreciation expense - interest paid ) × ( 1 - tax rate )   ......................... 1

put here value we get

net income = ( $481,600 - $379,700 - $32,100 - $8,400 ) × ( 1 - 32% )

net income = $41752

so correct option is A. $41,752

You might be interested in
How would you classify an employee who communicates effectively, listens to coworkers, and makes good decisions?
Lisa [10]
Superior interpersonal skills
8 0
3 years ago
Read 2 more answers
9. What do you understand by the term financial futures?
Ede4ka [16]

Answer:

Explanation:

It's A and that's a very good definition, except I believe you lost a word. I think it should be a specific commodity or stock or bond at a specified date ...

6 0
2 years ago
True or false: in situations where an annual budget deficit exists, cutting expenses from the budget is optimal.
My name is Ann [436]

The statement in situations where an annual budget deficit exists, cutting expenses from the budget is optimal is True.

<h3>What is budget deficit?</h3>

Budget deficit tend to occur when the expenses or expenditure is higher then the revenue.

Cutting down expenses from the budget is most desirable if we want to  have budget surplus. Budget surplus is when revenue is higher than expenditure.

Therefore the statement in situations where an annual budget deficit exists, cutting expenses from the budget is optimal is True.

Learn more about budget deficit here:brainly.com/question/26010226

#SPJ1

5 0
2 years ago
Anne, a beautician by profession, owns a salon in the small town of franklin, new jersey. every weekend, she makes it a point to
madam [21]
Anne is conducting market research by doing a competitive analysis.

Hope this helps! :)
6 0
4 years ago
Robert works in the import-export department of Bank of America and he has noticed the following spot currency quotes: 1 U.S. do
lubasha [3.4K]

Answer:

2.3925

Explanation:

The computation of the Mexican pesos is shown below:

= (1 British pound × 1 U.S. dollar) ÷ 1 British pound for the Danish krone

= (1.65 × 10.875 ÷ 7.5)

= 2.3925 Mexican pesos

Simply we multiplied the 1 British pound with the 1 US dollar and then divide it by the 1 British pound for Danish krone so that the correct spot currency can come

3 0
3 years ago
Other questions:
  • Tigyyggggggggggguihiuhi
    12·1 answer
  • When you know you cannot pay your debts, which of the following should you do?
    5·1 answer
  • Acute Company manufactures a single product. On December 31, 2014, it adopted the dollar-value LIFO inventory method. The invent
    6·1 answer
  • A businesswoman wants to determine the difference between the costs of owning and leasing an automobile. She can lease a car for
    9·1 answer
  • True or False? If you have already submitted a resume with references, you do NOT need to bring copies of your resume or referen
    12·2 answers
  • Calculate the total revenue, total costs, and total gross profit the company will earn on the sale of L-Ten, Triol, and Pioze. A
    6·1 answer
  • Does having social responsibility make you viewed more or less favorable by consumers?
    10·1 answer
  • Eric and Chris run a non-regulated natural monopoly producing electricity for a small town. The barrier most likely preventing o
    5·1 answer
  • When a negative supply shock hits an economy, Choose one: A. unemployment decreases and this becomes the new long-run natural ra
    5·1 answer
  • When reviewing her Experian credit report, Dela found it to contain inaccurate information. She has informed Experian in writing
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!