Logan Steel has total sales of $1,500, total costs of $900, and depreciation of $200. The tax rate is 30%, and there is no interest expense. What is the operating cash flow (OCF)? a. $495 b. $520 c. $530 d. $480 e. $515

Logan Steel has total sales of $1,500, total costs of $900, and depreciation of $200. The tax rate is 30%, and there is no interest expense. What is the operating cash flow (OCF)? a. $495 b. $520 c. $530 d. $480 e. $515

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

I need help finding the accurate solution to this general accounting problem with valid methods.

Logan Steel has total sales of $1,500, total costs of
$900, and depreciation of $200. The tax rate is 30%, and
there is no interest expense.
What is the operating cash flow (OCF)?
a. $495
b. $520
c. $530
d. $480
e. $515

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