Operating expenses problem
Tonga Industries reported the following:
Net Sales $450,000 Cost of goods sold $360,000
Operating expenses $60,000 Tax Rate 40%
The net income is:
A. $180,000.
B. $ 30,000.
C. $ 18,000.
D. $ 12,000
Expected delivery within 24 Hours
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Describe how a business can maximize the relationship among these three.
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