Question
The owner of a local bike shop forecasts annual revenues of $2.1 million. Excluding depreciation, the owner forecasts operating expenses at 30% of revenues, and
The owner of a local bike shop forecasts annual revenues of $2.1 million. Excluding depreciation, the owner forecasts operating expenses at 30% of revenues, and depreciation is $84,000 per year. The tax rate is 25%.
What is the annual operating cash flow for the repair shop ?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
12th Edition
0357442156, 978-0357442159
