HELP! Select the correct answer.
Given the following income statement, what is the net income for a given accounting period assuming taxes are $25,000?

Item $
Revenues
Sales 200,000

Expenses
Expenses 15,000
Interest expense 5,000
Cost of goods sold 60,000

Pre-tax income 60,000

Net income

A.
$120,000
B.
$60,000
C.
$35,000
D.
$140,000
E.
$95,000

The silverside company is considering investing in two alternative projects: project 1 project 2 investment $500,000 $240,000 useful life (years) 8 7 estimated annual net cash inflows for useful life $120,000 $40,000 residual value $32,000 $10,000 depreciation method straightminusline straightminusline required rate of return 11% 8% what is the accounting rate of return for project 2? (round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, x.xx%.)

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.

The simple interest in a loan of $200 at 10 percent interest per year is