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melamori03 [73]
3 years ago
14

The Bandeiras Corporation, a merchandising firm, has budgeted its activity for December according to the following information:

Business
1 answer:
makkiz [27]3 years ago
3 0

Answer:

The budgeted net income for December is $42,500

Explanation:

The budgeted net income is calculated by following table:

1. Sales $550,000

2. Cost of goods sold 75% x $550,000 = $412,500

3. Selling and administrative expenses $60,000

4. Depreciation expense $35,000

5. Net income (1-2-3-4) $42,500

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