5 multiple choice questions, Accounting Basics

1. PDQ Corp. has sales of $4,000,000; the firm''s cost of goods sold is $2,500,000; and its total operating expenses are $600,000. The firm''s interest expense is $250,000, and the corporate tax rate is 40%. What is PDQ''s net income? (Points : 1)
$288,000
$350,000
$377,000
$390,000
Posted Date: 12/8/2012 3:56:10 PM | Location : United States







Related Discussions:- 5 multiple choice questions, Assignment Help, Ask Question on 5 multiple choice questions, Get Answer, Expert's Help, 5 multiple choice questions Discussions

Write discussion on 5 multiple choice questions
Your posts are moderated
Related Questions
Part 1 (a) Name and describe the three concepts that form the basis of double entry bookkeeping, and explain how they form the basis of double entry bookkeeping. (b) How doe

Importance of The bank statement Bank sends out bank statements each month. It's significant that this statement and checking account balance balances. There are certain items

Q. Explain about Accounting transaction? An accounting transaction is a business event or activity that causes a measurable change in the accounting equation Assets = Liabiliti

State about the Cash payments journal A special journal used to record any payment of cash. There would be a check number given to be recorded in journal as well. Source docume

State the term - Partnership A partnership exists where at least two individuals carry on a business together with intention of making a profit. Partnerships have much in commo


Account titles and explanation column The first row of an entry shows the account debited. The second row shows the account credited. Notice that we notch the credit account t

procedure followed in government system of accounting in india


A key functional area of SAP for Utilities that supports cross-company exchange of settlement data based on international standards like as EDI, XML, and Microsoft Excel. Interc