Green Valley Farms had sales revenue of $95,000,000, cost of goods sold of $45,000,000, sales and administrative costs of $10,000,000, depreciation expense of $8,000,000, and a tax rate of 28%. What is the operating cash flow for the year? A company reported $145.78 million in sales revenue, with accounts receivable increasing by $29.87 million. Additionally, the company made a one-time credit sale adjustment of $6.45 million. How much cash did they receive from customers? Options: a. $175.32 million b. $119.33 million c. $129.78 million d. $136.42 million

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Provide accurate answer otherwise I will give you unhelpful rate

Green Valley Farms had sales revenue of $95,000,000, cost of goods sold of $45,000,000, sales
and administrative costs of $10,000,000, depreciation expense of $8,000,000, and a tax rate of
28%. What is the operating cash flow for the year? A company reported $145.78 million in sales
revenue, with accounts receivable increasing by $29.87 million. Additionally, the company
made a one-time credit sale adjustment of $6.45 million. How much cash did they receive from
customers?
Options:
a. $175.32 million
b. $119.33 million
c. $129.78 million
d. $136.42 million
Transcribed Image Text:Green Valley Farms had sales revenue of $95,000,000, cost of goods sold of $45,000,000, sales and administrative costs of $10,000,000, depreciation expense of $8,000,000, and a tax rate of 28%. What is the operating cash flow for the year? A company reported $145.78 million in sales revenue, with accounts receivable increasing by $29.87 million. Additionally, the company made a one-time credit sale adjustment of $6.45 million. How much cash did they receive from customers? Options: a. $175.32 million b. $119.33 million c. $129.78 million d. $136.42 million
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education