A proposed new investment has projected sales of 860000, Financial Management

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A proposed new investment has projected sales of 860000

Calculating Projected Net Income.

A proposed new investment has projected sales of $860,000. Variable costs are 60 percent of sales, and fixed costs are $195,000; depreciation is $86,000. Prepare a pro forma income statement assuming a tax rate of 35 percent. What is the projected net income?

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Financial Management: A proposed new investment has projected sales of 860000

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Financial Management: A proposed new investment has projected sales of 860000

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