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3 years ago

The following selected account balances appeared on the financial statements of Washington Company:

Business

1 answer:

torisob [31]3 years ago

5 0

Answer:

The net Cash collections from customers were $85683.

Explanation:

The direct method for calculating net cash flow involves deducting from cash sales only operating expenses that needed cash.

Cash collections from customers by Washington company are:

Accounts Receivable, January 1 + Sales - Accounts Receivable, December 31

=$16,099 + $76,821 - $7,237

=$92,920-$7,237

=$85683

The net Cash collections from customers were $85683.

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Suppose the actual price for good a is $20. john is willing to pay $30, susie is willing to pay $28, joseph is willing to pay $2

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3 years ago

You are thinking of opening a Broadway play, I Love You, You’re Mediocre, Now Get Better! It will cost $5 million to develop the

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Answer:

39 weeks

Explanation:

initial investment = $5 million

Your goal is to a better person and get rich by doubling your development costs. You want to earn $10 million in profits, so you will need to sell a lot of seats.

8 shows per week x 100 weeks = 800 shows

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3 years ago

Graff, Incorporated, has sales of $49,800, costs of $23,700, depreciation expense of $2,300, and interest expense of $1,800.

olga2289 [7]

The operating cash flow of Graff, Incorporated is $19,460

What is operating cash flow?

The operating cash flow is the amount of cash derived from the normal operations of the business, it is determined as the net income plus the depreciation expense of the company, bearing in mind that the depreciation expense needs to be added because it is not an outright cash outflow

The net income is the sales minus costs of goods sold, depreciation expense, interest expense as well as tax expense whose rate is 22%.

In essence, our net income can be determined using the below formula:

net income=(sales-costs-depreciation expense-interest expense)*(1-tax rate)

sales=$49,800

costs=$23,700

depreciation expense=$2,300

interest expense=$1,800

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net income=($49,800-$23,700-$2,300-$1,800)*(1-22%)

net income=$17,160

operating cash flow=net income+ depreciation expense

operating cash flow=$17,160+$2,300

operating cash flow=$19,460

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Missing part of the question:

If the tax rate is 22 percent, what is the operating cash flow, or OCF?

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2 years ago