Chapter 11, Problem 11.7AP

Sterra, Inc. has sales of $55,000, costs of $26,800, and a depreciation expense of $2,400. If the tax rate is 25 percent, what is the operating cash flow, or OCF? Need help

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What is its net income of this financial accounting question?

Sterra, Inc. has sales of $55,000, costs of $26,800, and a depreciation expense of $2,400. If the tax rate is 25 percent, what is the operating cash flow, or OCF? Correct answer

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Solve this Accounting MCQ

What is the cost of good sold for company?

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Variable expenses:195000, fixed expenses:84000