Operating Cash Flow Economic Assignment Help
Most accounting students majorly acquire knowledge on how to design, sustain and survey a precise structure that exhibits fiscal matters of a business or a firm. Accounting students complain that although accounting inspires self-understanding on the spectrum of management, they find it demanding and require initiative. Accounting assignments can be made easier by my homeworkwriters. Here is an example of an accounting question that you may ask.
The owner of a bicycle repair shop forecasts revenues of $204,000 a year. Variable costs will be $61,000, and rental costs for the shop are $41,000 a year. Depreciation on the repair tools will be $21,000.
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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