Determining the net income of firm
Mama Roach Exterminators, Inc. has sales of $634,000, costs of $305,000, depreciation expense of $46,000, interest expense of $29,000, and a tax rate of 35 percent. What is the net income of this firm?
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Assume that you also have enough savings to pay for all necessary upfront costs including insurance, origination fee and the 20% down payment.
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