Respuesta:
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Explicación:
Sidewinder, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a
arsen [3447]
Answer:
$154,050
Explanation:
The following shows how net income for the business is calculated:
Total Sales $634,000
Subtract: costs -$328,000
Subtract: depreciation -$73,000
EBIT -$233,000
Subtract: interest -$38,000
EBT 195,000
Subtract: tax(195,000 × 21%) -$40,950
Net income $154,050
The calculation involves deducting all costs, interest, and taxes from the total sales revenue to arrive at the net income.
