Description Year 2016 500,000 Sales 300,000 Cost of goods sold Depreciation 65,000 Interest expense 15,000 Selling and administrative expenses 55,000 Equity (at the beginning of 2016) 197,250 Tax rate 30% Dividends payout 50% O $65,000 $145,500
Description Year 2016 500,000 Sales 300,000 Cost of goods sold Depreciation 65,000 Interest expense 15,000 Selling and administrative expenses 55,000 Equity (at the beginning of 2016) 197,250 Tax rate 30% Dividends payout 50% O $65,000 $145,500
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 41E: Determining Cash Flows from Investing Activities Burns Companys 2019 and 2018 balance sheets...
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Question
![Remaining
Question Completion Status:
Calculate operating cash flow for 2016 using the following information?
Amount ($)
Description
Year 2016
500,000
Sales
300,000
Cost of goods sold
65,000
Depreciation
Interest expense
15,000
Selling and administrative expenses
55,000
Equity (at the beginning of 2016)
197,250
Tax rate
30%
Dividends payout
50%
$65,000
$145,500
$125,500
$80,000
QUESTION 6
From the following table calculate net income after tax for 2016?
Click Save.and Submit to SGVE and submit. Click Sove All Answers to scve all answers](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca6839f5-9026-4bb1-8a24-2e08f8c00073%2F8636e09d-4b19-4a0d-828e-e369ed0efa9b%2Fkpuw1sh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Remaining
Question Completion Status:
Calculate operating cash flow for 2016 using the following information?
Amount ($)
Description
Year 2016
500,000
Sales
300,000
Cost of goods sold
65,000
Depreciation
Interest expense
15,000
Selling and administrative expenses
55,000
Equity (at the beginning of 2016)
197,250
Tax rate
30%
Dividends payout
50%
$65,000
$145,500
$125,500
$80,000
QUESTION 6
From the following table calculate net income after tax for 2016?
Click Save.and Submit to SGVE and submit. Click Sove All Answers to scve all answers
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