The owner of a bicycle repair shop forecasts revenues of $192,000 a year. variable costs will be $58,000, and rental costs for the shop are $38,000 a year. depreciation on the repair tools will be $18,000. a. prepare an income statement for the shop based on these estimates. the tax rate is 20%. b. calculate the operating cash flow for the repair shop using the three methods given below: now calculate the operating cash flow. dollars in minus dollars out. adjusted accounting profits. add back depreciation tax shield.

Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against.national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not.free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against.infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.