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Business, 17.07.2020 20:01 laraekeyes
Calgary Industries is preparing a budgeted income statement for 2015 and has accumulated the following information. Predicted sales for the year are $750,000 and cost of goods sold is 40% of sales. The expected selling expenses are $83,000 and the expected general and administrative expenses are $92,000, which includes $25,000 of depreciation. The companies income tax rate is 30%. The budgeted net income for 2015 is:
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Calgary Industries is preparing a budgeted income statement for 2015 and has accumulated the followi...
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