Question
The owner of a bicycle repair shop forecasts revenues of $196,000 a year. Variable costs will be $59,000, and rental costs for the shop are
The owner of a bicycle repair shop forecasts revenues of $196,000 a year. Variable costs will be $59,000, and rental costs for the shop are $39,000 a year. Depreciation on the repair tools will be $19,000.
a. plug in the income statement for the shop based on these estimates. The tax rate is 20%.
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
