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  3. a manufacturer reports the following for the year:

A manufacturer reports the following for the year: 2,000 units sold at $50 per...

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Question

Accounting

A manufacturer reports the following for the year:

2,000 units sold at $50 per unit

.40 variable cost ratio

$25,000 fixed costs

.30 income tax rate

Determine net income for the year.

a.

10,500

b.

15,000

c.

24,500

d.

35,000

e.

60,000

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