<span><span>Understand the customer, Identify opportunities to increase profit, Recognize and plan for industry, Watch the comp like a hawk, and Mitigate risks in your business AAAAAAND BOOM! there you go</span></span>
Answer:
Option (D) is correct.
Explanation:
Here:
Sales = 60,000
Depreciation = 65,000 ÷ 3
= 21,667
operating costs = 25,000
Taxable income = Sales - deprecation - operating cost
= $60,000 - $21,667 - $25,000
= $13,333
Net income = Taxable income × (1 - tax rate)
= $13,333 x (1- 0.35)
= $8666.45
Cash flow
= Net income + deprecation
= $8666.45 + $21,667
= $30,333.45
A note: we add back depreciation in cash because its a Non-cash expense. That means it depresses taxable income (thus lowers taxes) but the cash from the deprecation expense DOES NOT come out of the company.
If you are talking about the Wendy's founder, he received his GED in March 1993.
Canada, Australia, & South Africa are all of the countries that use tax brackets as part of their tax system