What is the budgeted net income


Problem: Information from the operating budgets of Rosa Inc. follows:

Selling and administrative expenses $140,000

Factory overhead 200,000

Sales 1,000,000

Cost of goods sold 450,000

Capital expenditures 100,000

If Rosa's income tax rate is 30%, what is the budgeted net income?

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Accounting Basics: What is the budgeted net income
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