Incorrect: 0.3 is equivalent to 3/10.
0.03 is equivalent to 3/100
Answer:
1/23
Step-by-step explanation:
5/23 - 4/23 would be 1/23. When the denominators of the fractions are the same, you can just subtract the numerators.
I honestly don’t know so don’t pay attention to me pls I’m so sorry
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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