Assume That the Forecasted Cost of Goods Sold Is $800,000,budgeted

question 2

Multiple Choice

Assume that the forecasted cost of goods sold is $800,000,budgeted selling and administrative expenses are $320,000,planned capital expenditures are $320,000,and the tax rate is 40 percent.What is the forecasted net income if 15,000 units are expected to be sold at $150 per unit?

• A)$678,000
• B)$452,000
• C)$805,000
• D)$483,000

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