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

Explanation:

INCOME STATEMENT

Revenue         $236,000

Variable cost     $69,000

Rental Cost        $49.000  

Depreciation      $29,000

Pretax profit        $89,000

Taxes                   $17,800

Net incomes        $71,200

Net Income  71200

Depr. Expense  29000

Increase in AR     -236000

Increase in AP $  135800

Operating Cash Flow  0

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

these are the four factors that influence enterpreneurship development

1. economic development

2. culture

3.technological development

4. education