Calculate the Net Income given the following Information Revenue: $6000 Gross Margin Percentage: 20% G&E expenses: $850

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Calculate the Net Income given the following Information Revenue: $6000 Gross Margin Percentage: 20% G&E expenses: $850 Depreciation Expense: $195 Federal Income Tax $80

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Introduction to Management Science

ISBN: 978-0132751919

11th Edition

Authors: Bernard W. Taylor

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Posted Date: Jan 03, 2021 10:09 AM

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Calculate the Net Income given the following Information Revenue: $6000 Gross Margin Percentage: 20% G&E expenses: $850

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Answer Explanation Revenue 6000 Gross margin600020 1200 LessGE expenses 850 Less Depreciation 195 Net income 155 I FOR PROFIT VS NONPROFIT ORGANIZATIONS DIFFERENCES As the name suggests there is a big ... View the full answer

Introduction to Management Science

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