Answered
Wessel Corp. plans to sell 1,000 units in 2005 at an average sale price of $45 each. Cost of goods sold will be 40% of the sale price. Depreciation expense will be $3,000, interest expense $2,500, and other expenses will be $4,000. Wessel's tax rate is 20%. What will Wessel Corp's net income be for 2005?
A) $ 3,500
B) $ 6,800
C) $14,000
D) $16,400
E) $28,400
On May 10, 2024