Consider the following year-end information for Spitzer Corporation: Cost of goods sold $420,000 Sales revenue 800,000 Nonoperating expenses 10,000 Operating expenses 170,000 Income tax expense 80,000 What amount will Spitzer report for operating income

$210,000

Explanation:

operating income or EBIT = net sales revenue - cost of goods sold - operating expenses

in this case:

EBIT = $800,000 - $420,000 - $170,000 = $210,000

net income = EBIT - non-operating expenses - income taxes = $210,000 - $10,000 - $80,000 = $120,000

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

answer; dividing net income by 1- t ;