Homework Help is Here – Start Your Trial Now!
Business
Accounting
A firm has total sales of $2,450,000 and costs of $1,550,000. Depreciation is $85,000 and the tax rate is 30 percent. The firm does not have any interest expenses. What is the operating cash flow?

A firm has total sales of $2,450,000 and costs of $1,550,000. Depreciation is $85,000 and the tax rate is 30 percent. The firm does not have any interest expenses. What is the operating cash flow?

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 11P: The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are...
See similar textbooks
icon
Related questions
Question

Ans

A firm has total sales of $2,450,000 and costs of $1,550,000. Depreciation is $85,000 and the tax rate is 30 percent. The firm does not have any interest expenses. What is the operating cash flow?
Transcribed Image Text:A firm has total sales of $2,450,000 and costs of $1,550,000. Depreciation is $85,000 and the tax rate is 30 percent. The firm does not have any interest expenses. What is the operating cash flow?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer