Calculate Net Income Based on the Following Information

question 33

Multiple Choice

Calculate net income based on the following information. Sales = $250.00
Cost of goods sold = $160.00
Depreciation = $35.00
Interest paid = $20.00
Tax rate = 34%

• A) $23.10.
• B) $11.90.
• C) $35.00.
• D) $46.20.
• E) $36.30.

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Definitions:

Nervous

Experiencing or showing feelings of anxiety or tension.

Tense

Describes a state of mental or emotional strain, often characterized by feelings of anxiety, stress, or agitation.

Apprehensive

Feeling anxious or fearful about the future or something specific.

Traumatic Experience

An event that causes psychological, physical, or emotional distress to a person.