The last one is definitely not the answer. I am also trying to figure this out but I know for a fact the last one isin't, I think it is the 3rd option! i looked up the defenitions of the others and the one that seems right  is the 3rd. Goodluck!
        
                    
             
        
        
        
Answer:
$152.4 million
Explanation:
The computation of the projected net income is shown below:
As we know that
Net income = (EBIT - interest) × (1 - tax rate) 
where, 
EBIT = Sales - operating cost 
= $700 × 120% - ($700 × 120% × 65%)
= $840 - ($840 × 65%)
= $840 - $546
= $294
The interest expense and tax rate is $40 and 40%
So, the projected net income is 
= ($294 - $40) × (1 - 40%) 
= $152.4 million
We simply applied the above formula so that the projected net income could be come
 
        
             
        
        
        
The appropriate journal entry for each of these transactions, 
Date                         Journal entry                        Debit                    credit 
Nov 20                Cash    a/c                                441
                            credit card discount                  9
                          To sales revenue                                                        450
Nov 25        Accounts receivable                      2800
                     To sales receivable                                                   2800
Nov 28        Accounts receivable                 7200
                     To sales receivable                                               7200
Nov 30        Sales return                            600
                 To account for receivable                                           600
Dec 06      Cash                                         6468
                   sales discount                         132
                  To accounts receivable                                   6600
Dec 30      Cash                                          2800
                  To accounts receivable                                   2800 
Net sales:450+2800+7200-600-132
               = 9718 
Examples of transactions are as follows: Paying a provider for offerings rendered or goods introduced. Paying a vendor with cash and a note so one can obtain ownership of assets formerly owned by the seller. Paying an employee for hours worked.
A transaction is a finished settlement between a client and a seller to exchange items, offerings, or monetary property in going back for cash. The term is also commonly utilized in company accounting. In business bookkeeping, this simple definition can get complex.
A cash transaction is the immediate charge of coins for the acquisition of an asset. some market stock transactions are considered cash transactions although the exchange might not settle for some days. A futures agreement isn't always considered a cash transaction.                
Learn more about transactions here brainly.com/question/5007419
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