User Account

All Pages

Determine the operating cash flow

Assignment Help Financial Accounting
Reference no: EM132969380

Question - Given Income Statement

Sales $235,000

Costs 141,000

Other expenses 7,900

Depreciation 17,300

EBIT $68,800

Interest 12,900

Taxable income $55,900

Taxes 19,565

Net income $36,335

Based on the above information, determine the Operating Cash Flow?

A. $66,535

B. $56,500

C. $75,000

D. $450,000

Reference no: EM132969380

Questions Cloud

What is the annualized rate of return this company can earn : What is the annualized rate of return this company can earn if it pays its supplier 30 days after purchase, taking the 2% discount?
Outline and describe the core security mechanisms : Outline and describe the core security mechanisms that the Windows OS implements to prevent the attacker from achieving that goal
What steps could be taken to adequately control cash : The cashier looks at the bill in the file and notices that the guest left no address. What steps could be taken to adequately control cash
Discuss the ethical issues in the case : Critically discuss the ethical issues in the above case and critically evaluate the extent to which Sunrise UK's tax payment and avoidance practices are ethical
Determine the operating cash flow : Given Income Statement - Sales $235,000, Costs 141,000 and Other expenses 7,900. Based on the above information, determine the Operating Cash Flow
Summarise the key changes and trends : How the company works WFFT have asked you to complete a number of initial tasks to ensure that you have a grounded knowledge and understanding of the company
What would be the ending inventory : In a Perpetual Inventory System, what would be the ending inventory if Beginning Inventory was $30, Purchases were $70 and Cost of Goods Sold was $25
Describe the functions performed by the stock registrar : Describe the functions performed by the stock registrar. Describe the information typically requested by the auditors in a confirmation sent to the registrar
What is the price you would be willing to pay : What is the price you would be willing to pay for a company with a beta of 1.2 and the expected growth potential of 6% if the risk-free rate is 5%

Reviews

Write a Review

Financial Accounting Questions & Answers

  Consolidated total under the economic unit concept

Prose Corp. owns 70% of the common stock of Script Co. Script's revenues for 20x1 totaled $200,000. What amount of Scripts' revenues would be included in the consolidated total under the economic unit concept?

  What report would run if the beginning balance in quickbooks

What report would you run if the beginning balance in QuickBooks didn't match the beginning balance on a statement for an account you wished to reconcile?

  Determine the change in operating income

What is the change in operating income for the year if $18.00 is the new price and costs remain the same?

  What is the amount of the deferred tax asset

A company had zero Taxable Income in 2010, Taxable Income of $20,000 in 2011, and a Net Operating Loss (NOL) of $40,000 in 2012. This is the company’s first-ever NOL. What is the amount of the Deferred Tax Asset for NOLs at the end of 2012?

  About the four functions of management

Based on what you have learned about the four functions of management and how they are interrelated, share a real world example of where you have seen these functions in action either successfully or unsuccessfully

  Questionlessee accounting with payments made at starting of

questionlessee accounting with payments made at starting of yearadden company starts a lease agreement dated january 1

  Calculate the cost of goods sold

Calculate the cost of goods sold, ending inventory value and gross profit for the year, under the following cost flow assumptions: First-in, first-out (FIFO) and Last-in, first-out (LIFO)

  Performance evaluation case study

Think of Citibank’s new strategy (customer service and relationship banking). What were the limitations of the previous performance measurement system? Is the old system aligned to strategy? What changes were required to the system to better align to..

  What amount would bryer record goodwill associated

The book value of Stellar's assets and liabilities are not known. For what amount would Bryer record goodwill associated with the purchase?

  What is the monthly interest cost on an eighteen year

What is the monthly interest cost on a 18-year, $31,000 student loan with an APR of 7.8%? If card's interest rate is 31.99%, what is monthly cost of interest?

  Prepare appropriate adjusting entry for vacations earned

JWS Transport Company’s employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immediately (that is, an employee is entitled to the pay even if employment terminates). Prepare the appropriate adjusting entr..

  Is subsequent payments and cut-off testing necessary

Is subsequent payments and cut-off testing necessary? What result would the disruption have on the assessed level of control risk?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd