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19. The owner of Handy Tools, Inc. forecasts revenues of $200,000 a year. Variable costs will be $80,000 and rental costs for the factory are
19. The owner of Handy Tools, Inc. forecasts revenues of $200,000 a year. Variable costs will be $80,000 and rental costs for the factory are $40,000 a year. Depreciation on the equipment will be $20,000. The tax rate is 30% a. Prepare an income statement based on these estimates b. What is the net operating cash flow
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