Fill in the blanks to complete the sentence. A company has the following budget information: Sales: $118,800; COGS: $48,500; Depreciation expense: $1,500; Interest expense: $250; Other expenses: $41,880. If the company budgets 40% for income tax expense, the budgeted net income will be $

16,002

Explanation:

A company has the following budget information

Sales = $118,000

COGS= $48,500

Depreciation expense= $1,500

Interest expense= $250

Other expense= $41,880

The company budgets 40% for income tax expense

= 40/100

= 0.4

The first step is to calculate the total expense incurred in the company

Total expense= COGS+depreciation expense+Interest expense+Other expenses

= $48,500+$1,500+$250+$41,880

= $92,130

The next step is to calculate the pre-tax income

Pre-tax income= Sales-total expenses

= $118,800-$92,130

= $26,670

The next step is to calculate the income tax expense

Income tax expense= $26,670×0.4

= $10,668

Therefore, the budgeted net income can be calculated as follows

Budgeted net income= Pre-tax income-income tax expense

= 26,670-10,668

= 16,002

Hence the budgeted net income is 16,002

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

the answers are

a, b, c, & e.