Satelite Corporation projects a year-end net income of $64,722. The net income represents 40% of its projected annual sales. What are Satelite's projected annual sales?

The projected annual sales of Satelite Corporation are $ 161,805.

Step-by-step explanation:

Given that Satellite Corporation projects a year-end net income of $ 64,722, and that the net income represents 40% of its projected annual sales, to determine the amount of the projected annual sales of the company the following calculation must be performed:

40 = 64.722

100 = X

(100 x 64,722) / 40 = X

6,472,200 / 40 = X

161.805 = X

Therefore, the projected annual sales of Satelite Corporation are $ 161,805.

i dont know

step-by-step explanation:

umm. i dont know

$3720

step-by-step explanation:

taxable income = $31000

as per the 2018-2019 us tax bracket, the tax rate is 12% for an individual whose taxable income is between $9,526 to $38,700.

so, the tax to be paid by him = 12% of 31000

= 0.12 * 31000     [12% converted to decimal as 0.12]

= $3720