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Mama L [17]
3 years ago
11

The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6.2 million, and the 2018 balance sheet showed l

ong-term debt of $6.4 million. The 2018 income statement showed an interest expense of $215,000. During 2018, the company had a cash flow to creditors of $15,000 and the cash flow to stockholders for the year was $70,000. Suppose you also know that the firm’s net capital spending for 2018 was $1,470,000, and that the firm reduced its net working capital investment by $89,000. What was the firm’s 2018 operating cash flow, or OCF?
Business
1 answer:
Rudik [331]3 years ago
7 0

Answer:

The firm’s 2018 operating cash flow, or OCF is $1466000.

Explanation:

Cash flow from assets = Cash flow to creditors + Cash flow to stockholders

= $15,000 + $70,000

= $85,000

Cash flow from assets = Operating Cash Flow - Change in Net Working Capital - Net capital spending

$85,000 = Operating Cash Flow - (-$89,000) - $1,470,000

Operating Cash Flow = $85,000 - $89,000 + $1,470,000

                                    = $1466000

Therefore, The firm’s 2018 operating cash flow, or OCF is $1466000.

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Answer:

Check the explanation

Explanation:

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Answer:

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Explanation:

The term appendices refers to the supplemental information provided in a proposal. It often includes examples of past projects, client testimonials, and technical specifications. Appendices basically provide the readers with the additional information which help them in better understanding the proposal in a greater detail. It is combination of additional and supplementary materials which includes the results of the past projects, testimonials, supportive data  and other technical specification of the project, which can't be included in the main body of the proposal.

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