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Business, 25.11.2021 14:00 aliyahadekoya

Calgary Industries is preparing a budgeted income statement. Predicted sales for the year are $760,000 and cost of goods sold is 40% of sales. The expected selling expenses are $84,000 and the expected general and administrative expenses are $93,000, which includes $26,000 of depreciation. The company's income tax rate is 30%. Budgeted net income is:

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Calgary Industries is preparing a budgeted income statement. Predicted sales for the year are $760,0...

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