Smarton Company is in the process of preparing its budgeted income statement. It has determined its estimated gross margin to be $90,000. The company also expects to incur selling and administrative expenses of $30,000 and interest expense of $12,000. What is Smarton's budgeted net income

$48,000

Step-by-step explanation:

The budgeted net income is determined as the gross margin deducted by non-operating expenses. Assuming that the only non-operating expenses incurred are selling and administrative expenses and interest expense, Smarton's budgeted net income is:

Smarton's budgeted net income is $48,000.

step-by-step explanation:

this is not possible to solve with the info given.   you need at least an one angle somewhere.

true

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