Assume that the forecasted cost of goods sold is $800,000, budgeted selling and administrative expenses are $320,000, planned capital expenditures are $320,000, and the tax rate is 40 percent. What is the forecasted net income if 15,000 units are expected to be sold at $150 per unit?
A) $678,000
B) $452,000
C) $805,000
D) $483,000
A
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