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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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