Answer:
$6.25 million
Explanation:
Calculation for free cash flow
Using this formula
Free Cash Flow = (Revenues - Expenses-Depreciation) × (1–Tax rate) + Depreciation
Let plug in the formula
Free Cash Flow= ($20 million - $12 million - $3 million ) × (1–0.35) + $3 million
Free Cash Flow=($5 million*0.65)+$3 million
Free Cash Flow=$3.25million+$3 million
Free Cash Flow=$6.25 million
Therefore free cash flow for the first and only year of operation wiill be $6.25 million
Answer:
$238,000
Explanation:
Residual income= Net income-Equity return required
=$850,000-$5,100,000*12%
=$238,000
Credit card commercials do not show <u>2. People making </u><u>payments</u> for months or years on those credit card purchases.
<h3>What are credit card commercials?</h3>
Credit card commercials are the adverts placed on various media by credit card companies to entice individuals to sign on a credit card.
The commercials will show the great life of getting a credit card and making purchases convenient, including other enticements.
Thus, credit card commercials do not show <u>Option 2.</u>
Learn more about credit cards at brainly.com/question/2808739
They are referred to as a janitor or a cleaning service. They are the ones responsible of keeping a place in good condition and to make everything neat and dirt free as possible. It could be described above as removing physical dirt or food from the surface is their job description as they make sure that the place is clean, neat and dirt free.
