Fin571 Quiz Needing help

The owner of a bicycle repair shop forecasts revenues of $188,000 a year. Variable costs will be $57,000, and rental costs for the shop are $37,000 a year. Depreciation on the repair tools will be $17,000.


a. Prepare an income statement for the shop based on these estimates. The tax rate is 20%.


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Accounting & Economics Assignment Help / Finance
10 Oct 2021
Due Date: 11 Oct 2021

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