In working on a bid project, you have determined that $318,000 of fixed assets are required. These assets will be depreciated straight-line to zero over the 6-year life of the project. Ignore bonus depreciation. The discount rate is 18 percent, the tax rate is 21 percent, and there is no interest expense. In addition, the annual cash costs will be $198,200. After considering all the project's other cash flows, you have determined that the required operating cash flow is $92,400. What is the required amount of annual sales revenue?
A) $299,811.17
B) $302,006.64
C) $284,849.92
D) $301,073.42
E) $279,407.72
D) $301,073.42
You might also like to view...
India has the largest Muslim population in the world
Indicate whether the statement is true or false
Cost of goods sold is an expense, and is reported on the income statement.
Answer the following statement true (T) or false (F)
On June 12, Candy Suppliers sells $5,000 of goods on account to a credit customer with credit terms 1/10, n/30. Assume the sale is not subject to tax. On June 15, the customer returned $500 of the goods due to defect. Assume the customer pays within the discount period, select the correct entry to record the receipt of the customer's payment:
A.
| Cash | 4,950 | |||
| Sales Discounts | 50 | |||
| Accounts Receivable | 5,000 | |||
B.
| Accounts Receivable | 4,500 | |||
| Sales Discounts | 50 | |||
| Cash | 4,550 | |||
C.
| Cash | 5,000 | |||
| Accounts Receivable | 5,000 | |||
D.
| Cash | 4,455 | |||
| Sales Discounts | 45 | |||
| Accounts Receivable | 4,500 | |||
The ________ of sample information is the ratio of the expected value of sample information to the expected value of perfect information
Fill in the blank with correct word.