Solution-What will the company net income be for the month

What will the company net income be for the month

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Question 1: Sound Beginnings manufactures hearing aid devices. For January, the company expects to sell 800 hearing aids at an average price of $2,144 per unit. Sound Beginnings' average manufacturing cost of each unit they sell is $1,338. Variable operating expenses are $4.50 for each unit sold and fixed operating expenses are budgeted at $7,800 for the month. Monthly interest expense is $2,800 and Sound beginnings has a tax rate of 35% of operating income. Using the budgeted income statement format from the textbook, what will the company's Net Income be for the month?

A. Net Income for Sound Beginnings will be $409,890.

B. Net Income for Sound Beginnings will be $416,320.

C. Net Income for Sound Beginnings will be $419,120.

D. Net Income for Sound Beginnings will be $411,710.

E. Net Income for Sound Beginnings will be $408,910.

Reference no: EM132516940

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What will the company net income be for the month

Reference no: EM132516940

Reference no: EM132516940

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