Simpson Productions Inc

question 71

Multiple Choice

Simpson Productions Inc.had net sales of $300,000,costs of sales of $150,000,additional expenses of $100,000,depreciation of $50,000,and a tax rate of 30%.Use this information to determine the firm's after tax earnings on a cash basis.

• A)$0
• B)$30,000
• C)$35,000
• D)$50,000