a) | ||||
Sales | $ 7,42,000 | |||
Less: | ||||
Cost of goods sold | $ 4,55,000 | |||
Admin expenses | $ 99,500 | |||
Depreciation | $ 1,45,000 | |||
Operating income | $ 42,500 | |||
Less: | ||||
Interest expenses | $ 72,400 | |||
Income before tax | $ -29,900 | |||
Tax | $ - | |||
Net Loss | $ -29,900 | (enter as a positive) | ||
b) | Operating cash flow = net loss + depreciation | |||
=-29900+145000 | ||||
=$115100 |
During 2018, Raines Umbrella Corp. had sales of $742,000. Cost of goods sold, administrative and selling...
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During 2018, Raines Umbrella Corp. had sales of $705,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $445,000, $95,000, and $140,000, respectively. In addition, the company had an interest expense of $70,000 and a tax rate of 25 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.) Suppose Raines Umbrella Corp. paid out $102,000 in cash dividends. Is this possible? If spending on net fixed assets and net working capital was...
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