Alpha Geek

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    Polytechnic State University Sanluis
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Category > Accounting Posted 22 Apr 2017 My Price 3.00

The owner of a bicycle

The owner of a bicycle repair shop forecasts revenues of $176,000 a year.

Variable costs will be $54,000, and rental costs for the shop are $34,000 a year.

Depreciation on the repair tools will be $14,000. The tax rate is 40%.

Answers

Alpha Geek
(8)
Status NEW Posted 22 Apr 2017 04:04 PM My Price 3.00

----------- -----------Inc-----------ome----------- St-----------ate-----------men-----------t R-----------eve-----------nue----------- $1-----------76,-----------000----------- Le-----------ss:----------- CO-----------GS -----------$54-----------,00-----------0 G-----------ros-----------s P-----------rof-----------it -----------$12-----------2,0-----------00 -----------Les-----------s: -----------Ope-----------rat-----------ing----------- Ex-----------pen-----------ses----------- Re-----------nt -----------$34-----------,00-----------0 ----------- ----------- ----------- I-----------nco-----------me -----------Sta-----------tem-----------ent----------- Re-----------ven-----------ue -----------$17-----------6,0-----------00

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