Business, 15.10.2020 08:01, Kazya4

Ray has a music studio he runs from his house. Last quarter he raised $3000 is total services rendered. His expenses included $1000 for rent, $300 in utilities, $50 in interest on a loan he got from the bank and $200 in depreciation of his instruments. His tax rate is 40%. How much cash will Ray have to reinvest in his music studio?

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Ray has a music studio he runs from his house. Last quarter he raised $3000 is total services render...