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.
Find out more on expected sales at brainly.com/question/28062273
#SPJ4
Answer:
455 miles
Step-by-step explanation:
Distance = Speed x Time
X = 65 x 7
X= 455 miles
If you are going 65 miles PER hour, then to find the total distance traveled, you'd mutiply the amount of time you have with how fast you are going.
