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pishuonlain [190]
3 years ago
6

Calgary Industries is preparing a budgeted income statement for 2018 and has accumulated the following information. Predicted sa

les for the year are $730,000 and cost of goods sold is 40% of sales. The expected selling expenses are $81,000 and the expected general and administrative expenses are $90,000, which includes $23,000 of depreciation. The company’s income tax rate is 30%. The budgeted net income for 2018 is:
Business
1 answer:
Irina-Kira [14]3 years ago
8 0

Answer:

Net Income      186,900

Explanation:

sales                                   730,000

variable cost

40% of sales

40% of 730,000 =            (292,000)

Selling expense                 (81,000)

Administrative expense    (90,000)

Earnigns before taxes        267,000

income tax expense

30% of EBT

30% of 267,000  =               (80,100)

Net Income                         186,900

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Using the Internet to find what other consumers feel about a specific product or service is the  internal search is characterized, When consumers start searching for ways to satisfy needs.

<h3>How internet is helpful in finding out about things?</h3>

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7 0
3 years ago
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svet-max [94.6K]

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8 0
3 years ago
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Answer:

B) Direct materials price variance

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