Smarton company is in the process of preparing its budgeted income statement. it has determined its estimated gross margin to be $90,000. the company also expects to incur selling and administrative expenses of $30,000 and interest expense of $12,000. what would be smarton's budgeted net income? a) $48,000 b) $60,000 c) $30,000 d) $18,000

S. you are changing planes in london for a flight to paris where you will connect with your flight to capetown. you are picking up reading material for the flight and are looking at the prices listed on the economist magazine which conveniently lists prices in several different global currencies. you note that the price in pounds is 2.40 pounds and the price in euros is 2 euros. the exchange rate for the dollar (your credit card was issued in the usa) is $1.59/pound and s1.3837/euro. should you buy reading materials now or wait until you're in paris?