FINANCIAL AND MANAGERIAL ACCOUNTING
9th Edition
ISBN: 2818440048890
Author: Wild
Publisher: MCG CUSTOM
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Students have asked these similar questions
General accounting
Your firm has net income of $420 on total sales of
$1,600. Costs are $900, and depreciation is $150. The
tax rate is 28%. The firm does not have interest
expenses.
What is the operating cash flow (OCF)?
A) $570
B) $560
C) $420
D) $600
At the end of the year, Tech Solutions Inc. reported total
assets of $200,000 and total liabilities of $85,000. What
is the total equity for Tech Solutions Inc. at year-end?
A) $285,000
B) $115,000
C) $85,000
D) $200,000
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