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An organisation has sales of 825000 over the fiscal year to

Question - An organisation has sales of $825,000 over the fiscal year to June 30th 20XX. Cost of goods sold was $260,000 and administrative and sales expense was $180,000. Depreciation was calculated at $65,000. Interest earnings were $15,000 and interest paid on loans was $35,000. The organisation is based in Australia.

What is the Net Income for the Year Ending June 30th 20XX?

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Accounting Basics: An organisation has sales of 825000 over the fiscal year to

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