Misty company reported the following before-tax items during the current year: sales revenue $ 600selling and administrative expenses 250restructuring charges 20loss on discontinued operations 50misty's effective tax rate is 40%.what is misty's income from continuing operations?
(a) $198
(b) $330.(c) $210.(d) $360.

                                                               $

Sales revenue                                      600

Selling and administrative expenses (250)

Restructuring charges                          (20)

Profit before tax                                    330

Tax @ 40%                                             132

Income from continuing operations     198

The correct answer is A

Explanation:

Income from continuing operation is the excess of sales revenue over selling and administrative expenses, restructuring charges and tax.

Tax is 40% of profit before tax.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

riley- $3

sean- $4

jake- $8

riley has the absolute advantage.