Calculate the operating cash flow for Cardinals Inc. given the following information: Sales = $1,500,000; Operating...
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Calculate the operating cash flow for Cardinals Inc. given the following information: Sales = $1,500,000; Operating Costs = $750,000; Depreciation Expense = $100,000; Marginal Tax Rate = 34%; Opportunity Cost = 15%.
A. $750,000
B. $429,000
C. $529,000
D. $684,000
E. Cannot be determined
Homework Answers
OPerting CF = [ [ Sales - Operating cost - Dep ] ( 1 - Tax Rate ) ]+ Dep
= [ (1500000 - 750000 - 100000 )(1-0.34) ] + 100000
= [ 650000 *0.66 ] +100000
= 429000 + 100000
= 529000
OPerating CF is $ 529,000
OPtion C is COrrect.
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