Based on the information provided:
Gross income is $486,000
Fixed expenses: $300,000
Variable expenses: $150,000
To find the percentage of gross profit first figure out the difference between the gross income and expenses which is: $486,000 - $300,000 - $150,000 = $36,000 then divide the gross income by the profit 486,000/36,000 and the answer is 13.5%.
The answer is 6250 buddy.
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-From Hockey
Answer:
7%
Explanation:
Interest income if Curtis invested
250,000 x 9% = 22,500
After tax interest income = 22,500 - (22,500 x 24%)
= 17,100
After tax rate of return = 17,100/250000
0.068
Approximately 7%
Answer:
The multiple choices are:
A) $46,050 B) $68,590 C) $85,190 D) $29,450 E) $62,650
Option E is the correct option,$62,650
Explanation:
The operating cash flow=net income+incremental depreciation
the operating cash flow=$46050+$16,600=$62650
The incremental taxes have already been factored into the computation of the net income, hence it is,it is expected that the depreciation would just be added to the net income in a bid to ascertain operating cash flow of the business
