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Information from the operating budgets of Roswell Fabricators follows: Selling and...

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Accounting

Information from the operating budgets of Roswell Fabricators follows:

Selling and administrative expenses $ 140,000
Factory overhead 200,000
Sales 1,000,000
Cost of goods sold 450,000
Capital expenditures 100,000

If Northwest's income tax rate is 30%, what is the budgeted net income?

a. $410,000
b. $126,000
c. $287,000
d. $186,000

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