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Sams Bakery has sales of $576,000 with cost of $382,000. Intrest expense is 15,000 and depreciation is 31,000. The tax rate is 27% what is the incom e? can you show the work ​
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Sams Bakery has sales of $576,000 with cost of $382,000. Intrest expense is 15,000 and depreciation is 31,000. The tax rate is 27% what is the incom

e? can you show the work
​

User Predmijat
by
4.8k points

1 Answer

3 votes

Answer:

Net income/profit = 108,040

Step-by-step explanation:

Sales 576,000

Cost -382,000

Interest expense -15,000

Depreciation expense -31,000

Taxation -39,960

Net Income 108,040

User Stas S
by
6.0k points
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