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Business, 14.04.2020 15:55 suewignall

Thomas Company has completed all of its operating budgets. The sales budget for the year shows 50,000 units and total sales of $2,000,000. The total unit cost is $22. Selling and administrative expenses are expected to be $300,000. Income taxes are estimated to be 25% of income from operations. What is the company’s budgeted net income?

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