Your firm has net income of $329 on total sales of $1,340. Costs are $740 and depreciation is $130. The tax rate is 30 percent. The firm does not have interest expenses. What is the operating cash flow? a. $459 b. $470 c. $329 d. $799 e. $600

Your firm has net income of $329 on total sales of $1,340. Costs are $740 and depreciation is $130. The tax rate is 30 percent. The firm does not have interest expenses. What is the operating cash flow? a. $459 b. $470 c. $329 d. $799 e. $600

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...

See similar textbooks

Related questions

Q: Gain or loss

A: Step 1: Definition of Realized GainA realized gain occurs when the sales proceeds from an asset…

Q: hello teacher please solve questions

A: Step 1: Definition of Gross IncomeGross income includes all income received from any source unless…

Q: Timberline Corporation, which manufactures wooden furniture, is developing direct labor standards.…

A: Explanation of Direct Labor Rate:The direct labor rate refers to the hourly wage paid to employees…

Q: Account receivables?

A: Step 1: Define Accounts Receivable Days OutstandingThe accounts receivable days outstanding (or days…

Q: do fast answer of this General accounting question

A: Step 1: DefinitionStandard Cost Per Unit: The cost assigned to one unit of production, based on…

Q: abc general accounting

A: Step 1: Definition of Cash Receipts from Accounts ReceivableCash receipts refer to the total cash…

Q: can you please this

A: Inventory Holding Cost Calculation:Formula: Holding Cost % = (Total Holding Costs ÷ Average…

Q: What is the average collection period for accounts receivable in days of this financial accounting…

A: Step 1: Define Average Collection PeriodThe Average Collection Period measures the average number of…

Q: Provide correct answer this financial accounting question

A: Step 1: Define Equivalent Units of Production (EUP)Equivalent Units of Production (EUP) is a measure…

Q: help me to solve this questions

A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the direct costs…

Q: Opereting income should be ? General accounting

A: Step 1: Define Contribution Margin By measuring the contribution margin, we may determine how much a…

Q: The profit margin rate ? General accounting

A: Step 1:The profit margin rate is the rate of net income over the net sales. It can be calculated by…

Q: What is the unit product cost

A: Detailed explanation: Unit Product Cost using Variable Costing Method Includes the following cost…

Q: Accounting 24

A: Step 1: Define Given DataSelling price per unit (P): $140Variable cost per unit (V): $110Fixed costs…

Q: What is the maturity value of these financial accounting question?

A: Step 1: Define Maturity ValueThe maturity value of a note is the total amount due at the end of the…

Q: hi expert please help me answer

A: Step 1: Identify the formula for Stock PriceStep 2: Extract the given dataStep 3: Plug the values…

Q: Sam Enterprises has a return on equity of 14.8%. The debt-equity ratio is 52%, and the capital…

A: To find the profit margin, we will use the DuPont Identity, which expresses Return on Equity (ROE)…

Q: expert of general accounting answer me

A: Step 1: Definition of Net IncomeNet income is the total profit of a company after deducting all…

Q: financial accounting

A: The Gordon Growth Model (GGM) is a valuation method used to determine the intrinsic value of a stock…

Q: financial accounting

A: Step 1: Definition of Price-Earnings (P/E) RatioThe price-earnings ratio (P/E ratio) is a financial…

Q: ACP Manufacturing has budgeted a total overhead cost of $850,000 and budgeted machine hours of…

A: To solve this, let's break it down into steps:Step 1: Calculate the Predetermined Overhead Rate…

Q: General Accounting

A: Step 1: Define Full Capacity Sales CalculationFull capacity sales refer to the maximum potential…

Q: Give me Answer

A: Standard Cost per Pound=5.80 Standard Material per Unit=2.35 pounds which means 1 unit requires 2.35…

Q: general accounting answ

A: Step 1: Definition of Cost of Goods Manufactured (COGM)The Cost of Goods Manufactured (COGM) is the…

Q: abc general accounting

A: Step 1: Definition of Percentage Change in Accounts ReceivableThe percentage change in accounts…

Q: A computer consulting company uses job costing system and has a pre-determined overhead rate of $24…

A: Concept of Direct Labor CostThe direct labor cost is the expense incurred for wages paid to workers…

Q: Calculate stricklers cash conversion cycle? General accounting

A: Step 1: Days inventory outstanding Days inventory outstanding = 365 days/Inventory turnoverDays…

Q: What is the firm's debt equity ratio of this financial accounting question?

A: Step 1: Define Debt-Equity Ratio The Debt-Equity Ratio measures a company's financial leverage by…

Q: Sierra Adventures has a net income of $3 million this year. The book value of Sierra Adventures'…

A: Let's calculate Sierra Adventures' internal growth rate.1. Calculate the Retention Ratio:Retention…

Q: General Accounting

A: Step 1: Define Make-or-Buy DecisionA make-or-buy decision analyzes whether a company should continue…

Q: Step by step answer

A: the ending total asset balance is $1,100,000.Explanation of Net Sales: Net sales represents the…

Q: What is the gain or loss of this financial accounting question?

A: Step 1: Define Gain or Loss on Sale of EquipmentThe Gain or Loss on Sale of Equipment is determined…

Q: Need help with this accounting questions

A: OR Days Sales Outstanding = 365 days / Accounts Receivable Turnover20 = 365 / Accounts Receivable…

Q: A fixed asset with a cost of $38,400 and accumulated depreciation of $29,200 is sold for $7,220.…

A: Concept of Book ValueThe book value of a fixed asset represents its net worth in the company's…

Q: The underapplication of overhead will result in Group of answer choices understatement of net…

A: In accounting, overhead refers to the indirect costs of producing a product or providing a service.…

Q: help me to solve this questions

A: Step 1: Introduction to cost accountingThe field of accounting known as cost accounting is utilized…

Q: ?

A: Concept of Total AssetsTotal Assets represent the entire value of everything a company owns,…

Q: General accounting

A: Step 1: DefinitionThe Accounts Receivable Turnover Ratio measures how efficiently a company collects…

Q: provide correct answer of this General accounting question

A: Step 1: DefinitionThe contribution margin (CM) represents the revenue remaining after deducting…

Q: Fan Corporation

A: Step 1: Introduction to cost accountingThe field of accounting known as cost accounting is utilized…

Q: The direct materials quantity variance is?

A: Explanation of Standard Quantity: Standard quantity represents the predetermined amount of materials…

Q: Return on equity

A: The question requires the determination of the ROE. Return on equity (ROE) is a financial metric…

Q: At the beginning of the year

A: Concept of Manufacturing OverheadManufacturing Overhead includes all indirect costs associated with…

Q: None

A: Step 1: Definition of Acquisition Cost of EquipmentThe acquisition cost of manufacturing equipment…

Q: Overview: Now that you have examined how employee fraud was detected in organizations both large…

A: FEEL FREE TO ASK FOR CLARIFICATIONS.

Q: help me to solve this questions

A: step-by-step calculations for the Cash Conversion Cycle (CCC): Given Data:Average Inventory =…

Q: Ans

A: Given:Return on equity = 22%Total asset turnover = 2.9Profit margin = 5%Total equity = $7,500…

Q: Question 6 During 2019, Bitsincoins Corporation had EBIT of $100,000, a change in net fixed assets…

A: Formula for Free Cash Flow (FCF): FCF =EBIT ×(1−Tax Rate) +Depreciation −ΔNet Fixed Assets −ΔNet…

Q: What is the interest expense for December 31, 2023 of financial accounting question?

A: The interest expense for December 31, 2023, is calculated as follows: Interest expense = Face value…

Q: General Accounting

A: Concept of Profit MarginProfit Margin represents the percentage of revenue that remains as net…

Question

What is the opereting cash flow. Provide answer please

Your firm has net income of $329 on total sales of $1,340. Costs
are $740 and depreciation is $130. The tax rate is 30 percent.
The firm does not have interest expenses. What is the operating
cash flow?
a. $459
b. $470
c. $329
d. $799
e. $600

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

Your firm has net income of $315 on total sales of $1,260. Costs are $700 and depreciation is $110. The tax rate is 21 percent. The firm does not have interest expenses. What is the operating cash flow?
Please provide problem with correct answer accounting
Give true answer
s
I need answer of this question general accounting
I need answer please solve question general accounting
Suppose a firm has the following information: Sales = $10million; costs of goods sold (excluding depreciation) = $5 million;depreciation = $1.4 million; other operating expenses = $2 million;interest expense = $1 million. If the tax rate is 25%, what is NOPAT,the net operating profit after taxes? ($1.2 million)
Provide correct solution
A company has the following income statement. What is its net operating profit after taxes (NOPAT)? Round it to a whole dollar. Will need to find EBIT first. Sales $ 1,050 Costs 600 Depreciation 170 EBIT $ ? Interest expense 50 EBT $ ? Taxes (24%) ? Net income $ ?
Your firm has net income of $338 on total sales of $1,420. Costs are $780 and depreciation is $120. The tax rate is 35%. The firm does not have interest expenses. What is the operating cash flow?
Please give me answer accounting
Assuming Sunny-D Cafe has a tax rate of 30 percent, calculate sales for the firm given the following financial information: net income of $37,900; interest expense of $11,500; depreciation expense of $14,200; and costs of $80,900. Points: 1 A. $144,500 B. $154,143 C. $160,743 D. $165,114 E. Remember to breathe