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Author Question: The formula for converting desired net income into operating income is (Read 37 times)

hannahmadyronde

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on: Feb 5, 2023

Question 1

Assume Buddy's Farm Supply wants to make $45,000 in net income. If the tax rate is 25%, how much operating income must Buddy have?
◦ $360,000
◦ $60,000
◦ $180,000
◦ $56,250

Question 2

The formula for converting desired net income into operating income is
◦ desired net income times the income tax rate.
◦ desired net income divided by (1 - tax rate).
◦ desired net income divided by (1 + tax rate).
◦ the income tax rate divided by the desired net income.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by hannahmadyronde on Feb 5, 2023

ludadtpb

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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hannahmadyronde

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Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)

robbielu01

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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