Mason Construction Inc

question 3

Multiple Choice

Mason Construction Inc.had net sales of $480,000,costs of sales of $130,000,additional expenses of $200,000,depreciation of $40,000,and a tax rate of 30%.Use this information to determine the firm's after tax earnings on a cash basis.

• A)$77,000
• B)$105,000
• C)$117,000
• D)$145,000

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Definitions:

Gross National Income Per Capita

A measure that calculates the average income earned per person in a country, taking into account all residents' incomes.

Net National Income Per Capita

An economic metric that measures the total net income of a nation divided by its population, indicating the average income of its citizens.

Gross Domestic Product Per Capita

A measure of a country's economic output that accounts for its number of people, reflecting the average income of a country's citizens.

Capital

A resource that can serve to generate wealth, such as factories, equipment, investment accounts, software, land, and education.