Frederickson Office Supplies recently reported $$19,300$ of sales, $$7,300$ of operating costs other than depreciation, and $$1,500$ of depreciation. It had $$9,200$ of bonds outstanding that carry a $8\mathrm{.}0\%$ interest rate, and its combined federal and provincial income tax rate was $40\%.$ How much was the firm$$s earnings before taxes $($EBT$)?$

Question $1$Answer

a$.$

$$9,764$

b$.$

$$5,858\mathrm{.}40$

c$.$

$$12,000$

d$.$

$$10,500$