Parker Manufacturing has a gross profit of $920,000 and $275,000 in depreciation expense. Selling and administrative expenses total $156,000. The company's tax rate is 40 percent. Calculate Parker's cash flow.

Parker Manufacturing has a gross profit of $920,000 and $275,000 in depreciation expense. Selling and administrative expenses total $156,000. The company's tax rate is 40 percent. Calculate Parker's cash flow.

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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Answer? ? General Accounting question

Parker Manufacturing has a gross profit of $920,000 and
$275,000 in depreciation expense. Selling and administrative
expenses total $156,000. The company's tax rate is 40 percent.
Calculate Parker's cash flow.

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