ahlings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain. t

Question

ahlings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain. t automatically when the time expires. Multiple Attempts Not allowed. This test can only be taken once. Force Completion Once started, this test must be completed in one sitting, Do not leave the test before dicking Save and Submit. Remaining Time: 25 minutes, 37 seconds Question Completion Status: > Moving to another question will save this response. Question 1 of 10 Question 1 1 points The firm had sales of $30 million, operating expenses of S15 million, interest of $4 million, and net income? pays a tax rate of 40% with 2,0 0,0 0 shares ou and g m i i i 0 a. $ 2.6 million O b. $3.6 million O c. $ 4.6 million O d. $5.6 million O e.$ 6.6 million O f. $7.6 million Question 1 of 10 Moving to another question will save this respornse. 17

Explanation / Answer

So ........... Your seletion of 6.6 million is absolutly corret. Hope above table helped you in understanding steps involved in calculating Net Income. ...... all the best

Sales 30 (-) Operating expenses 15 Operating Income 15 (-) Interest expenses 4 Earning before tax (EBT) 11 (-) Tax @ 40% EBT 4.4 Net Income 6.6

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.