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Question: Financial Accounting Blue Sky Airlines had sales revenue of $200,000,000, cost of goods sold of $90,000,000, sales and administrative costs of $25,000,000, depreciation expense of $20,000,000, and a tax rate of 35%. What is the operating cash flow for the year? A company generated $192.64 million in sales revenue, with accounts receivable increasing by $26.78 million. The company also processed a customer return worth $3.15 million. How much cash was received from customers?

Question: Financial Accounting Blue Sky Airlines had sales revenue of $200,000,000, cost of goods sold of $90,000,000, sales and administrative costs of $25,000,000, depreciation expense of $20,000,000, and a tax rate of 35%. What is the operating cash flow for the year? A company generated $192.64 million in sales revenue, with accounts receivable increasing by $26.78 million. The company also processed a customer return worth $3.15 million. How much cash was received from customers?

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...
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Question: Financial Accounting Blue Sky Airlines had sales revenue of $200,000,000, cost of goods sold of $90,000,000, sales and administrative costs of $25,000,000, depreciation expense of $20,000,000, and a tax rate of 35%. What is the operating cash flow for the year? A company generated $192.64 million in sales revenue, with accounts receivable increasing by $26.78 million. The company also processed a customer return worth $3.15 million. How much cash was received from customers?
Transcribed Image Text:Question: Financial Accounting Blue Sky Airlines had sales revenue of $200,000,000, cost of goods sold of $90,000,000, sales and administrative costs of $25,000,000, depreciation expense of $20,000,000, and a tax rate of 35%. What is the operating cash flow for the year? A company generated $192.64 million in sales revenue, with accounts receivable increasing by $26.78 million. The company also processed a customer return worth $3.15 million. How much cash was received from customers?
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