1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
castortr0y [4]
3 years ago
7

Tubby Toys estimates that its new line of rubber ducks will generate sales of $7 million, operating costs of $4 million, and a d

epreciation expense of $1 million. If the tax rate is 35%, what is the firm’s operating cash flow? (Enter your answer in millions rounded to 1 decimal place.)
Business
1 answer:
Pavlova-9 [17]3 years ago
7 0

Answer:

$2,300,000

Explanation:

The formula to compute the operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

where,  

EBIT = Sales - operating expenses - depreciation expense  

= $7,000,000 - $4,000,000 - $1,000,000

= $2,000,000

And, the income tax expense is

= $2,000,000 × 0.35

= $700,000

So, the value would equal to

= $2,000,000 + $1,000,000 - $700,000

= $2,300,000

We simply applied the above formula

You might be interested in
Transatlantic air travel in business class has an estimated elasticity of demand of 0.62, while transatlantic air travel in econ
marusya05 [52]

The reason that the elasticity of demand is 0.62 for business and 0.12 for economy is because the economy class is more elastic than that of the business.

When the flight ticket of those flying business class is raised, they would not be affected much because they are rich and can afford it. They do not care much about the raise in price.

For the average flyer using the economy flight, raising the price of the ticket would affect him and he may end up reducing his demand for it.

Read more on brainly.com/question/10423637?referrer=searchResults

5 0
3 years ago
Which of the following roles is responsible for writing programming code?
jok3333 [9.3K]
We can't answer this question because you didn't show the "following"
7 0
3 years ago
More Hits Company manufactures aluminum baseball bats that it sells to university athletic departments. It has developed the fol
yuradex [85]

Answer: See explanation

Explanation:

AP = 4.15

SP = 4.0

SQ = 114000 × 2 = 228000

1. Direct Materials Price

= (AQ × AP) - (AQ × SP)

= (246000 × 4.15) - (246000 × 4.0)

= 1020900 - 984000

= 369000 U

2. Direct Materials Quantity

= (AQ × SP) - (SQ × SP)

where SQ = 114000 × 2 = 228000

= (220000 × 4.0) - (228000 × 4.0)

= 880000 - 912000

= 32000 F

3. Direct Labor Price

= (AH × AR) - (AH × SR)

= (58700 × 9.8) - (58700 × 10)

= 575260 - 587000

= 11740

4. Direct Labor Quantity

= (AH × SR) - (SH × SR)

where, SH = 114000 × ½ = 57000

= (58700 × 10) - (57000 × 10)

= 587000 - 570000

= 17000 U

5. Total Overhead Variances

= 352000 - (57000 × 6)

= 352000 - 342000

= 10000 Unfavorable

Check attachment for further details

8 0
3 years ago
[The following information applies to the questions below.]
Zepler [3.9K]

Answer:

The corresponding budgets in column B from which dollar amounts are transferred directly in constructing the budgets listed in Column A are matched in the explanation below

Explanation:

1.) Budgeted Income Statement

E.) Sales Budget

2.) Budgeted Balance Sheet

D.) Payables Budget

3.) Cash Flow Budget

A.) Direct Materials Budget

4.) Cost of Goods Sold Budget

B.) Cost of Goods Sold Budget

5.) Production Budget

C.) Production Budget

5 0
3 years ago
Your company has completed an audience analysis for the manual you are writing for users of a new accounting system. The manual
tresset_1 [31]

Answer:

A

Explanation:

For an accounting manual, if your audience has different background of education then you need to keep different section for different audience. The thing is, if you write it for highest level then bookkeepers will have difficulty in understanding it. If you write for lower level, then it will be useless for higher level of audience.

So the manual should include different section for different audience.  

7 0
3 years ago
Read 2 more answers
Other questions:
  • With scarcity at the base of all material economics the key operating principle is
    14·1 answer
  • DiskSan has to order flash transistors ($5 each) to create USB flash memory drives. Their monthly demand is 10,000 units, their
    14·1 answer
  • Does a shortage of houses lead to increase in demand? or decrease?
    5·2 answers
  • Gina Production Company uses a standard costing system. The following information pertains to the current year: ​
    11·1 answer
  • What is business<br>answer the following question ​
    13·1 answer
  • The amount of money left in a checking account after the checks and the service charges have been deducted is called the:
    11·2 answers
  • Consider the following budgeted data for the client case of Carla's accounting firm. The client wants a fixed-price quotation.
    15·1 answer
  • Consider a European put option with strike price $30 and time to expiration 1 month. Assume the underlying stock price does not
    8·1 answer
  • Upon beginning her career at Davidson Inc., a small consulting firm, Stephanie Benjamin receives a copy of the firm's organizati
    5·1 answer
  • In the car insurance case study, text mining was used to identify auto features that caused injuries. Group of answer choices Tr
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!