Based on the net cash flow, the depreciation and amortization, and the tax rate, the expected sales of McGwire Aerospace is $66.67 million.
<h3>What are the expected sales?</h3>
First, find the net income:
= Net cash flow - depreciation and amortization
= 12 - 5
= 7 million
Given this net income, the sales are:
Net income = ( Sales - (Sales x 75%) - 5) x (1 - 40%)
7 / 0.60 = 0.25x - 5
11.67 = 0.25x - 5
0.25x = 16.67
x = 66.67 million
In conclusion, the expected sales are $66.67 million.
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Answer:
because it can be written in the <u>form</u><u> </u>of p/q
Where p and q are integers, and q is <u>not</u> equal to zero.
5/6 of an hour is 50 Minutes
3/4 of an hour is 45 Minutes
The answer is $6.38 hope this helps
