I want to answer this question 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 taxrate 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 havingprepaid expenses of $9.58 million, what was the cash received from customers?Options:a. $96.88 millionb. $62.22 millionc. $105.13 milliond. $88.49 million

Question: 1 Step 1: Calculate the Operating Income (EBIT)Operating Income (Earnings Before Interest…

Answered: Thompson Manufacturing had sales…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...

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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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Find the operating cash flow for the year for Harper Brothers, Inc. if it had sales revenue of $310,000,000, cost of goods sold of $134,000,000, sales and administrative costs of $40,100,000, depreciation expense of $67,000,000, and a tax rate of 40%.
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?
Find the operating cash flow for the year for Robinson and Sons if it had sales revenue of $81,700,000, cost of goods sold of $34,300,000, sales and administrative costs of $6,200,000, depreciation expense of $7,100,000, and a tax rate of 30%.
Find the operating cash flow for the year for Harper Brothers, Inc. if it had sales revenue of $318,600,000, cost of goods sold of $134,300,000, sales and administrative costs of $39,600,000, depreciation expense of $64,800,000, and a tax rate of 40%. The operating cash flow is $ (Round to the nearest dollar.)
Sheryl’s Shipping had sales last year of $16,000. The cost of goods sold was $7,700, general and administrative expenses were $2,200, interest expenses were $1,700, and depreciation was $2,200. The firm’s tax rate is 21%. What are earnings before interest and taxes? What is net income? What is cash flow from operations?
Bronze, Inc has sales of $58,200, costs of $25,300, depreciation expense of $3,100, and interest expense of $4,400. If the tax rate is 21 percent, what is the operating cash flow?

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