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27-10-2022
Business

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knowledge check 02 smarton company is in the process of preparing its budgeted income statement. it has determined its estimated gross margin to be $90,000. the company also expects to incur selling and administrative expenses of $30,000 and interest expense of $12,000. what is smarton's budgeted net income? multiple choice 2 $18,000 $30,000 $48,000 $60,000

Answer :

rafikiedu05 rafikiedu05

02-11-2022

$48,000 is smarton's budgeted net income.

Budgeted net income = 90000-30000-12000 = 48000

So the answer is $48000

Income is described via the internal sales provider as compensation for services rendered. It is not a fixed amount of money and no longer needs to be paid in cash. This consists of but isn't always confined to, wages, pointers, commissions, dividends, and so on. profits are what you earn from your paintings - even supposing its coins, barter, or credit score.

Profits are the cash obtained through someone (individuals or business) periodically on a daily, weekly, monthly, or every year basis. profits include financial in addition to non-financial values of allowances and perquisites. All earnings are taxable underneath earnings tax until expressly exempted.

Learn more about income here: https://brainly.com/question/25745683

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