The employees of Royal Clothes achieved all of the sales goals for 2017.Royal decides to reward the employees with a bonus of 18% on annual net income,after deducting the bonus.The net income before the calculation of the bonus is $304,000.What is the amount of the bonus? (Round your final answer to the nearest dollar. )
A) $54,720
B) $46,373
C) $53,647
D) $9,850
Correct Answer:
Verified
Q122: Tryst,Inc.has a policy of accruing $2,400 for
Q124: Synergy Appliances sells dishwashers with a four-year
Q128: Dana Appliances sells dishwashers with a four-year
Q129: Which of the following is a control
Q130: Usually a company does not know the
Q131: Jefferson Enterprises estimates that it will pay
Q147: The matching principle requires businesses to record
Q153: Since a company usually does not know
Q164: The matching principle requires businesses to report
Q166: Warranty Expense is shown on the income
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents