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Luda [366]
3 years ago
8

For the past year, Kayla, Inc., has sales of $44,432, interest expense of $3,074, cost of goods sold of $14,909, selling and adm

inistrative expense of $10,816, and depreciation of $4,965. If the tax rate is 40 percent, what is the operating cash flow?
Business
1 answer:
ryzh [129]3 years ago
7 0

Answer:

$14,439.8

Explanation:

The computation of operating cash flow is shown below:-

The operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

where,

EBIT = Sales - cost of good sold - depreciation expense -  selling and administrative expense

= $44,432 - $14,909 - $4,965 - $10,816

= $13,742

Tax expenses =  ( Earnings before interest and tax - interest expenses ) × tax rate of 40%

= ($13,742 - $3,074) × 40%

= $10,668 × 40%

= $4,267.2

So, the operating cash flow

= $13,742 + $4,965 - $4,267.2

= $14,439.8

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A company purchased $270,000 in supplies during the year. The supplies account increased by $10,000 during the year to an ending
LuckyWell [14K]

Answer:

$260,000

Explanation:

Opening balance = Ending balance - Increase in ending balance

=$66,000 - $10,000

=$56,000

Supplies Expenses = Opening balance + Purchases - Closing balance

=$56,000 + $270,000 - $66,000

=$336,000 - $66,000

=$260,000

Therefore, the amount that will be the adjusting entry to supplies expenses is $260,000

7 0
3 years ago
Answer the following statement true (T) or false (F).
Mars2501 [29]

Answer:

False

Explanation:

Igor did nothing wrong. He performed a reverse engineering process which is totally legal. A reverse engineering process happens when a manufactured object is deconstructed in order to find out how it was designed or manufactured.

This process is very similar to scientific research, only that it is carried out on man made objects.

5 0
3 years ago
Groups that have a strong interest in the success and outcomes of a business, such as employees, neighbors, or government regula
timama [110]

Stakeholders are those groups that have a strong interest in the result of the project or a business.

<h2>What are stakeholders?</h2>

A stakeholder is a person or a group that has a vested interest in the course or outcome of a business and has a direct or indirect effect on the business or participates in it in one way or another.

<h3>Characteristics of stakeholders:</h3>

  • It is any internal and/or external person or organization that has or may have the capacity to affect the activity of the organization.

  • Stakeholders are members of the organization itself (managers, employees, shareholders), suppliers, consumers, neighbors and the market.

Therefore, we can conclude that all stakeholders can be classified according to their interest in the company's mission.

Learn more about stakeholders here: brainly.com/question/6867919

5 0
2 years ago
Able Trucking Corporation files a suit in a state court against Bob’s Service Company (BSC), and wins. BSC appeals the court’s d
xz_007 [3.2K]

Answer:

Explanation:

An appellate court will reverse a lower court’s decision on the basis of the facts only

when the finding is clearly erroneous (that is, when it is contrary to the evidence

presented at trial) or when there is no evidence to support the finding. Appellate courts

normally defer to a trial court’s decision with regard to the facts of a case, however, for

several reasons. First, trial court judges and juries have the opportunity to observe

witnesses and tangible evidence first hand. The appellate court sees only a cold record of

the trial court proceedings and therefore cannot make the kind of judgments about the

credibility of witnesses and the persuasiveness of evidence that can be gleaned only from

firsthand experience. Second, as occurs when there is no jury and the case is heard by a

judge, trial judges routinely sit as fact finders. As a result, they develop a particular

expertise in determining what kind of evidence and testimony is reliable and what kind is not

3 0
3 years ago
You decide to buy a new car. You talk to friends about it, research mechanical specifications in Consumer Reports, test drive di
Montano1993 [528]
I’ll say it’s A
But I think it’s C
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8 0
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