The Formula for Converting Desired Net Income into Operating Income

question 169

Multiple Choice

The formula for converting desired net income into operating income is

• A)desired net income times the income tax rate.
• B)the income tax rate divided by the desired net income.
• C)desired net income divided by (1 − tax rate).
• D)desired net income divided by (1 + tax rate).

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Definitions:

Organization Conditions

The overall environment and circumstances within an organization that influence its functioning and culture.

Request For Proposal

A formal document that a company uses to solicit bids from potential vendors for a project or service.

Training Objectives

The specific goals that a training program is designed to achieve, outlining what the participants will know or be able to do as a result of the training.

Vendors

Companies or individuals providing goods or services to other entities under specified terms.