Business
Business, 30.01.2021 18:00, forschoolok123456789

The owner of a bicycle repair shop forecasts revenues of $236,000 a year. Variable costs will be $69,000 and rental costs for the shop are $49,000 a year. Depreciation on the repair tools will be $29,000. Prepare an income statement for the shop based on these estimates. The tax rate is 20%. Calculate the operating cash flow by using the three methods given below. Dollars in minus dollars out adjusted accounting profits after tax operating cash flow

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The owner of a bicycle repair shop forecasts revenues of $236,000 a year. Variable costs will be $69...

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