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Question: Last year, BFA Corporation had net sales of $3,600,000 and cost of goods sold of $2,000,000. Its depreciation charge was $600,000 and selling, general, and administrative (SG&A) expense was $800,000. If the interest charge was $30,000 and the tax rate is 35 percent, what was the operating cash flow? Ignore any carry back or carry forward of loss for tax purposes.
Cold and Flu Corp. reported the following information for 2012 and 2013. How much cash was paid for inventory during the 2012/13 financial year
on january 1 2009 heitzman company purchased the following shares as a long-term investment in available-for-sale
What is invigilation? Which of the following is the most direct method of focusing on changes in the company's balance sheet and income statement
The computers were acquired by Computer World at a cost of $90,000 and were expected to have a useful life of six years with no residual value.
A department has budgeted monthly manufacturing overhead cost of $270,000 plus $3 per direct labor hour. If a flexible budget report reflects $522,000 for total budgeted manufacturing cost for the month, the actual level of activity achieved durin..
What is the purpose of payables cut-off testing? What audit approach is generally used for property, plant, and equipment? Why
Write a 3-5 page paper on the accountant's role in Corporate Governance. They may pick CFO, CPA or IA or compare/ contrast the role of any two
Tom and Shannon's adjusted gross income is $85,000. What is Tom and Shannon's medical expense deduction for this year
Bombay Inc. bought new computers on January 1 for $18,000 to improve the quality of their animation. compute the depreciation expense for the first year
Make the journal entry to record pension expense, gains or losses, past service cost, funding, and payment of benefits for 2016
Why would your client batch created and send invoices for unbilled activity instead of automatically invoicing for unbilled activity
Should Rachael go ahead with purchasing the computer if the required rate of return is 15%? Show your calculations. Calculate Internal Rate of Return
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