Can I get help with this question? Thanks
The Berndt Corporation
expects to have sales of $15 million. Costs other than depreciation are
expected to be 80% of sales, and depreciation is expected to be $0.5 million. All sales revenues will
be collected in cash, and costs other than depreciation must be paid for during the year. Berndt's
federal‒plus‒state tax rate is 40%. Berndt has no debt. a. Set up an income statement. What is
Berndt's expected net cash flow?