5 multiple choice questions, Accounting Basics

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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

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