Do not use ai 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

Step 1:Total profit=120,000,000-(50,000,000+15,000,000+12,000,000)=43,000,000 Step 2: Tax=25% of…

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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