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Question - A company reports net sales of $2,500 million. Assume that there were no non-cash sales.
• Operating costs (excluding depreciation & amortization) were 65% of its total revenues.
• Depreciation & Amortization charges were 5% of total sales.
• Interest charges were 15% of EBIT with a tax rate of 40%.
The company's current cash flow is?
a. $382 million
b. $507 million
c. $253 million
d. $637 million
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Betty dies on February 20 of the current year. Her estate consisted of the following assets, all valued as of her date of death:
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Roney issues $120,000 of 6%, 15-year bonds dated January 1, 2011, that pay interest semiannually on June 30 and December 31.
On March 1, 2018, Sun Devil Inc. sold goods to Bruins Company by accepting a 5-year, Determine how much Sales Revenue Sun Devil should record on March 1, 2018
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