For October, budgeted net income is:
A. $20,000.
B. $30,000.
C. $40,000.
D. None of the above is
Answer:A
For October, budgeted net income is:
A. $20,000. B. $30,000. C. $40,000. D. None of the above is
Explanation: A) Sales $100,000 - COGS $70,000 - Administrative costs $10,000 = $20,000