Answered: Harrison Solutions, Inc. has sales of…

Harrison Solutions, Inc. has sales of $55,000, costs of $27,500, depreciation expense of $3,500, and interest expense of $2,200. If the tax rate is 30%, what is the operating cash flow (OCF)?

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...

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Question

100%

What is the operating cash flow for this financial accounting question?

Harrison Solutions, Inc. has sales of $55,000, costs of
$27,500, depreciation expense of $3,500, and interest
expense of $2,200. If the tax rate is 30%, what is the
operating cash flow (OCF)?

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