Solved: Royal clothes has performed admirably for the financial, Accounting Basics

Royal clothes has performed admirably for the financial

Question - Royal Clothes has performed admirably for the financial year 2014. It decides to reward its employees with a bonus of 15% on annual net income, after deducting the bonus. The net income before allowing bonuses is $300,000. Calculate the bonus allowable to the employees.

$45,000

$39,130

$52,941

$6,750

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Accounting Basics: Royal clothes has performed admirably for the financial

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Accounting Basics: Royal clothes has performed admirably for the financial

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