The Formula for Converting Desired Net Income into Operating Income

question 84

Multiple Choice

The formula for converting desired net income into operating income is

• A)Desired net income times the income tax rate.
• B)Desire net income divided by the income tax rate.
• C)Desired net income divided by 1- tax rate.
• D)Desired net income divided by 1+ tax rate.

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Definitions:

Probability

A measure of the likelihood of a certain event or outcome, expressed as a number between 0 and 1.

PERT Network

A project management tool used to schedule, organize, and coordinate tasks within a project.

Expected Time

In project management, the average time estimated for the completion of a task or project, considering the most likely, optimistic, and pessimistic scenarios.

CPM Networks

Critical Path Method (CPM) networks are project management tools that map tasks in a project, identifying the longest sequence of dependent tasks (critical path) to determine the shortest project duration.