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Business, 18.11.2019 18:31 abigail018

The owner of a bicycle repair shop forecasts revenues of $192,000 a year. variable costs will be $58,000, and rental costs for the shop are $38,000 a year. depreciation on the repair tools will be $18,000. a. prepare an income statement for the shop based on these estimates. the tax rate is 20%. b. calculate the operating cash flow for the repair shop using the three methods given below: now calculate the operating cash flow. dollars in minus dollars out. adjusted accounting profits. add back depreciation tax shield.

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