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Determine net income for the year

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Reference no: EM132915911

Question - A manufacturer reports the following for the year:

2,000 units sold at $50 per unit

.40 variable cost ratio

$25,000 fixed costs

.30 income tax rate

Required - Determine net income for the year.

a. 10,500

b. 15,000

c. 24,500

d. 35,000

e. 60,000

Reference no: EM132915911

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