Tech-Gear Solutions reported a net income of $3.8 million for the fiscal year 2024. The company's financial statements show depreciation expenses of $450,000. Assuming no amortization expense, what is Tech-Gear Solutions' net cash flow? A) $3,350,000 B) $3,800,000 C) $4,250,000 D) $4,500,000

Tech-Gear Solutions reported a net income of $3.8 million for the fiscal year 2024. The company's financial statements show depreciation expenses of $450,000. Assuming no amortization expense, what is Tech-Gear Solutions' net cash flow? A) $3,350,000 B) $3,800,000 C) $4,250,000 D) $4,500,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter22: Accounting For Changes And Errors.

Section: Chapter Questions

Problem 13P: Gray Companys financial statements showed income before income taxes of 4,030,000 for the year ended...

See similar textbooks

Related questions

Q: Please provide answer the financial accounting question

A: Step 1: Define Dividend Growth ModelThe dividend growth model values stocks based on their expected…

Q: Cruz Video Center accumulates the following cost and net realizable data at December 31. Inventory…

A: Step 1: Valuation of individual itemsTo compute the lower-of-cost-or-net realizable value for the…

Q: What is the underwriter's spread per share on the issue for this financial accounting question?

A: Step 1: Define Underwriting SpreadThe underwriting spread is a service charge collected by an…

Q: financial account : question

A: a) Methods need never changeExplanation: This is about a static and an unchanging system. True, a…

Q: Determine what the net income

A: xplanation of SalesSales represent the total revenue generated by a company through selling its…

Q: Provide correct answer general accounting

A: Step 1: Requirements of the questionIn this question, we are required to match the terms with their…

Q: Hi wanted this questions answer

A: Given DataSelling Price per Pair of Speakers: $800Variable Cost per Pair: $300Fixed Costs per Month:…

Q: Hello tutor please provide questions general accounting

A: The question requires the determination of the required rate of return. This can be calculated using…

Q: posting in general account

A: Step 1:Inventory valuation method of lower of cost and net realisable value, valued inventory at the…

Q: General Accounting Question please solve this one

A: Step 1: Define Predetermined Overhead RateThe predetermined overhead rate is rate that is used to…

Q: Answer with explanation

A: Pricing Structure RecapDolly Beach Industries determines delivery costs using the following…

Q: SOLVE

A: Explanation of Cost of the Machine:The cost of the machine refers to the total expenditure incurred…

Q: Income statements for Vernon Company for Year 3 and Year 4 follow: VERNON COMPANY Income Statements…

A: Step 1:Horizontal analysis is the analysis of financial statements in which two years data is…

Q: Need answer the accounting question not use ai

A: Step 1:The predetermined standard variable manufacturing overhead rate is calculated as follows:…

Q: General accounting

A: Step 1: Define Direct Labor BudgetThe direct labor budget is part of the master budget and it is…

Q: Mastery Problem: Differential Analysis and Product Pricing WoolCorp WoolCorp buys sheep's wool from…

A: Step 1: Step 2: Step 3: Step 4:

Q: Illustration 4. The Balance Sheets of a firm as on 31st December 2003 and 2004 given below: To Bar…

A: First, we need to calculate the cash flow from operating activities. This is done by adjusting the…

Q: help

A: Option a: This option is correct because contextual materiality extends beyond numerical thresholds…

Q: Question: Schedule of Activity Costs Quality Control Activities Process audits Activity Cost $50,000…

A: Explanation of Activity Costs: Activity costs are expenses incurred to perform specific functions or…

Q: Hi expert please give me answer general accounting

A: Step 1: Define Relevant Costs in a Make-or-Buy DecisionRelevant cost is the cost that must be…

Q: Financial accounting

A: Step 1: Define Cash FlowsAnnual cash flows refer to the total amount of money generated or received…

Q: Please Help

A: In tax-free reorganizations, the basis of the new stock received is generally carried over from the…

Q: On January 1, 2023, Paul Company purchased 80% of the common stock of Smith Company for $300,000. On…

A: Step 1: Step 2: Step 3: Step 4:

Q: Need Solution in this Account questions

A: Step 1: Understanding Variable CostingUnder variable costing, only variable manufacturing costs…

Q: General Account questions please answer it

A: b. A rent check received on December 30 by the manager of an apartment complex. The manager normally…

Q: Question 11

A: Explanation: The formula to calculate cost of goods manufactured is as follows:Cost of goods…

Q: Hey tutor answer the general accounting question

A: Identify manufacturing overhead costsThe manufacturing overhead includes:Salary of factory…

Q: Need help with this general accounting question

A: Step 1: Define Stock ReturnsThe total returns on a stock can be bifurcated into dividend gains and…

Q: At an activity level of 10,000 machine hours in a month, Nooner Corporation's total variable…

A: Step 1: Breakdown of CostsGiven:Variable cost for 10,000 machine hours = $837,000Fixed cost per…

Q: Solve this

A: In accounting, allocation sequences are not universally uniform. Standard allocation methods provide…

Q: Hello Expert solve this financial account query

A: Step 1: Key DataSelling Price per Unit: $108Units Produced: 1,100Units Sold: 900Units in Ending…

Q: Please help me I want answer

A: Explanation of Contribution Margin: Contribution margin is the difference between total sales…

Q: General accounting

Q: Hello teacher please help me Accounting question

A: Requirement 1: Journalize the entries to record these transactions. Be sure to enter the year as…

Q: 47 The balance sheet of a company shows preferred stock of $120,000, common stock of $75,000,…

A: Ans:

Q: please help with this question thank you

A: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…

Q: Provide correct answer with explanation

A: Explanation of Evolution Creates Problems:Evolution in accounting refers to the changes and…

Q: Future Value - 200,000, Interest rate = 6%, 15 years. = What is the present value?

A: To calculate the present value (PV) given the future value (FV), interest rate, and the time period,…

Q: General Accounting Question Solution

A: Step 1: Understand the problemWe know that an expense item will save the company $75,000 in taxes.We…

Q: What is the average monthly return on these financial accounting question?

A: Step 1: Define Average ReturnsThe average returns on investment can be computed in terms of…

Q: Provide solution this financial accounting question

A: Step 1: Define Income TaxThe tax levied by the government of an economy can be broadly bifurcated…

Q: Hello answer me

A: Step 1: Understand the ProblemPretax book income: $501,300Temporary differences:Favorable: $11,300…

Q: Oswego Clay Pipe Company sold $45,300 of pipe to Southeast Water District 45 on April 12 of the…

A: The terms of the transaction are 2/15, n/60. This means that the buyer, Southeast Water District 45,…

Q: Helo tutor Answer with calculation

A: Sales for December: 15,000 chairsDesired ending inventory for December: 25% of January sales = 25%…

Q: fill empty space with correct answer

A: Step 1: What Are Variable Costs?Variable costs are costs that change in total in direct proportion…

Q: None

A: For part (a), the question asks: "If the special-use valuation election is made, Donald's gross…

Q: Show me solution

A: Given Data:Base cost: $40 (includes 5GB of data)Additional charges:First 3GB beyond the base (5GB to…

Q: Rede Inc. manufactures a single product. Variable costing net operating income was $63,800 last year…

A: Determine the absorption costing net operating income, we need to adjust the variable costing net…

Q: General Accounting Question

A: Calculate Daily Sales:Daily sales = $59,000 Calculate the Reduction in Collection Time:Reduction in…

Q: Need help with this financial accounting question not use ai

A: Step 1: Define Income TaxIncome tax is imposed on the income of individuals who earn above certain…

Question

what is Answer. Need helpful answer with Accounting method

Tech-Gear Solutions reported a net income of $3.8 million for the
fiscal year 2024. The company's financial statements show
depreciation expenses of $450,000. Assuming no amortization
expense, what is Tech-Gear Solutions' net cash flow?
A) $3,350,000 B) $3,800,000 C) $4,250,000 D) $4,500,000

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Reno Company's net income of $30,000 includes a charge for depreciation expense of $20,000. Its estimated net annual cash flow would be OA) $10,000 B) $12,500 OC) $25,000 D) $50,000 E) none of the above
The 2021 Income statement for Egyptian Nolse Blasters shows that depreciation expense is $80 million, NOPAT is $239 million. At the end of the year, the balance of gross fixed assets was $650 million. The change in net operating working capital during the year was $70 million. Egyptian's free cash flow for the year was $180 million. Calculate the beginning-of-year balance for gross fixed assets. (Enter your answer in millions of dollars.) Gross fixed assets million
General accounting
ATC Corporation had the following data in 2021: Revenues were P8,000,000, operating expenses totalled P7,200,000 that included depreciation of P150,000 and intangible asset amortization of P20,000. The profit and loss also reported unrealized loss on equity investments at fair market value through profit or loss of P18,000 and gain on sale of equipment of P28,000. How much is the net cash flow from operating activities?
During 2022, Evans Corporation reported: please answer the general accounting question
Tater and Pepper Corporation reported free cash flows for 2023 of $56.1 million and investment in operating capital of $39.1 million. Tater and Pepper incurred $15.3 million in depreciation expense and paid $20.5 million in taxes on EBIT in 2023. Calculate Tater and Pepper's 2023 EBIT. Note: Enter your answer in millions of dollars rounded to 1 decimal place. (i.e., Enter 5,500,000 as 5.5.)
The Cash Flow from Operating Activities on Moore’s statement of cash flows for 2018 was $8,000,000. For 2018, depreciation on fixed assets was $3,800,000, amortization of intangibles was $100,000 and gains on the sale of fixed assets were $22,000. Based on the preceding information, Moore’s net income for 2018 was:
The net income for 2020 for Won Hae Na Corp. was P3,520,000. Additional data are as follows: www purchases of plant assets- P2,800,000; Depreciation expense- P1,480,000; Dividends declared- P970,000; Net decrease in non-cash current assets- P290,000 and loss on sale of equipment- P130,000. How much is the net cash inflow from operating activities on December 31, 2020? A. P7,250,000 В. Р5,420,000 С. Р5,290,000 D. P5,130,000
Pina colada corp. Reported net income of $190,400 for 2022. Pina colada also reported depreciation expense of $41900 and a loss of $4600 on the disposal of plants assets. The comparative balance sheet show increase in accounts receivable of $14400 for the year, a $16400 increase in accounts payable a $4100 increase prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022.use the indirect method
Give true answer
Bakiponi Corp. provides the following data from its recent financial statements: (Dollars in millions) 2022 2023 Beginning Gross Fixed Assets $2,440,000 $2,560,000 Ending Gross Fixed Assets 2,560,000 2,680,000 Beginning Accumulated Depreciation 910,000 1,110,000 Current-year Depreciation Expense 200,000 250,000 Current-year Sales Revenue 3,050,000 3,920,000 What is the average remaining life of the company's fixed assets as of the end of 2023? (Round your answer to two decimal places, X.XX.) Group of answer choices 5.44 years 4.80 years 5.28 years 6.28 years
Please answer ASAP.