Correct answer Oceanic Shipping Co. had sales revenue of $180,000,000, cost of goods sold of $80,000,000,sales and administrative costs of $18,000,000, depreciation expense of $10,000,000, and a taxrate of 22%. What is the operating cash flow for the year? If sales revenue was $135.56 million,and accounts receivable increased by $22.34 million, along with a cash refund of $5.78 milliongiven to a customer, what amount of cash was received from customers?Options:a. $129.78 millionb. $152.45 millionc. $108.12 milliond. $142.67 million

Question: 1Explanation of Sales Revenue: This refers to the total amount of money a company earns…

Answered: Oceanic Shipping Co. had sales revenue…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 3MC

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Thompson Manufacturing had sales revenue of $120,000,000, cost of goods sold of $50,000,000, sales and administrative costs of $15,000,000, depreciation expense of $12,000,000, and a tax rate of 25%. What is the operating cash flow for the year? If a company's sales revenue was $89.45 million, and their accounts receivable increased by $17.23 million, while also having prepaid expenses of $9.58 million, what was the cash received from customers? Options: a. $96.88 million b. $62.22 million c. $105.13 million d. $88.49 million
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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
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Disturbed, Incorporated, had the following operating results for the past year: sales = $22,563; depreciation = $1,360; interest expense = $1,096; costs = $16,515. The tax rate for the year was 23 percent. What was the company's operating cash flow?
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