Problema proposed new investment has projected sales of, Ask an Expert

Accounting

Problem:

A proposed new investment has projected sales of $750,000. Variable costs are 55 percent of sales, and fixed costs are $182,500; depreciation is $86,000. Assume a tax rate of 35 percent.

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Question: What is the projected net income?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167081

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