Gerry Co. has a gross profit of $850,000 and $340,000 in depreciation expense. Selling and administrative expense is $124,000. Given that the tax rate is 43 percent, compute the cash flow for Gerry Co. a. $562,520 b. $560,020 c. $510,000 d. $123,957

Gerry Co. has a gross profit of $850,000 and $340,000 in depreciation expense. Selling and administrative expense is $124,000. Given that the tax rate is 43 percent, compute the cash flow for Gerry Co. a. $562,520 b. $560,020 c. $510,000 d. $123,957

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 4P: Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had...

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Gerry company has a gross profit solve this question general accounting not use ai

Gerry Co. has a gross profit of $850,000 and $340,000 in depreciation
expense. Selling and administrative expense is $124,000. Given that
the tax rate is 43 percent, compute the cash flow for Gerry Co.
a. $562,520
b. $560,020
c. $510,000
d. $123,957

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Gerry Co. has a gross profit of $850,000 and $340,000 in depreciation expense. Selling and administrative expense is $124,000. Given that the tax rate is 43 percent, compute the cash flow for Gerry Co. a. $562,520 b. $560,020 c. $510,000 d. $123,957
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