Answered step by step
Verified Expert Solution
Question
1 Approved Answer
a gym owner is considering opening a location on the other side of town. the new facility will cost 1.48 million and will be depreciated
a gym owner is considering opening a location on the other side of town. the new facility will cost 1.48 million and will be depreciated on a straight-line basis over a 20 year period. the new gym is expected to generate 561000 in annual sales. variable costs are 48 percent of sales, the annual fixed costs are 90900, and the tax rate is 35 percent. what is the operating cash flow?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started