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Unformatted text preview: Storage costs: o $115,000 spread out over 12 months (operating exp.) o End inv. = beg. Inv + purchases costs/ CGS o Purchases = annual CGS/ 12 months Accrued taxes = previous month accrued taxes + income taxes (from I/S) o In March we pay off taxes owed from last year Outcome: o By switching to level, weve increased net profit by taking on more risk...
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This note was uploaded on 06/11/2011 for the course BUSI 408 taught by Professor Croce during the Spring '08 term at UNC.
- Spring '08
- Corporate Finance