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Meric Mining Inc.recently reported $15,000 of sales, $7,500 of operating costs other than depreciation, and $1,200 of depreciation.The company had no amortization charges, it had outstanding $6,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 25%.How much was the firm's net income after taxes? Meric uses the same depreciation expense for tax and stockholder reporting purposes.
B1C E-commerce
Business-to-Consumer electronic commerce, a model in which businesses sell goods, services, or information directly to consumers online.
B2B E-commerce
Business-to-business electronic commerce involves the online sale of products or services from one business to another.
B2C E-commerce
B2C E-commerce refers to the online selling of goods or services directly to consumers, bypassing traditional retail.
Cash Receipts Journal
A financial journal used to record all cash inflows, tracking receipts from sales, loans, investments, and other sources.
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