Answer:
Net income is $162,470
Operating cash flow is $280,470
Explanation:
The company net income can be computed thus:
Sales revenue $1,190.000
less:
Cost of goods sold ($588,000)
gross profit $602,000
selling expenses ($241,000)
depreciation ($118,000)
EBIT $243,000
Interest($800,000*4%) ($32,000)
EBT $211,000
Tax at 23% ($48530
)
Net income $162,470
Besides the operating cash flow is net income plus depreciation
$162,470+$118,000=$280,470
D. the benefits that result from the activity exceed the costs
Explanation:
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Answer:
Hi.
Explanation:
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