Calculate Net Income Based on the Following Information

question 21

Multiple Choice

Calculate net income based on the following information. Sales are $250,cost of goods sold is $160,depreciation expense is $35,interest paid is $20,and the tax rate is 34%.

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

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Definitions:

Responsibility

The state or fact of being accountable or to blame for something, holding a duty to deal with tasks or care for someone.

Power Distant Cultures

Societies that maintain a significant level of inequality in power distribution among their members, often accepting hierarchical relationships as a cultural norm.

Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.

Assimilation

The process through which individuals from minority groups gradually adopt the cultural norms of the dominant or majority group, losing distinct aspects of their original cultures.