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Zina [86]
3 years ago
13

1. High Tech Wireless just published its current income statement, which shows net income equal to $240,000. The statement also

shows that operating expenses were $500,000 before including depreciation, depreciation was $100,000, and the tax rate was 40 percent. If High Tech has no debt, what were its sales revenues
Business
1 answer:
luda_lava [24]3 years ago
4 0

Answer:

$240,000

Explanation:

With regards to the above information,

Sales revenue is computed as;

= Operating expenses + Depreciation × Tax rate

Given that;

Operating expenses = $5,00,000

Depreciation = $100,000

Tax rate = 40%

Sales revenue

= ($500,000 + $100,000) × 0.4

= $600,000 × 0.4

= $240,000

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3 years ago
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Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected info
ddd [48]

Answer: Please refer to Explanation,

Explanation:

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Project A

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a. Project A

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4 0
3 years ago
How many government agencies does the united kingdom have to oversee the financial industry?
Leni [432]
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6 0
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Read 2 more answers
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pochemuha

Answer: $22,200.72

Explanation:

Given the following :

Amount Pete Morton wants to be able to withdraw each period = $8000

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4 0
3 years ago
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