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Brilliant_brown [7]
3 years ago
15

Hailey, inc., has sales of $19,630, costs of $9,400, depreciation expense of $2,070, and interest expense of $1,560. assume the

tax rate is 30 percent. what is the operating cash flow, or ocf
Business
1 answer:
Vedmedyk [2.9K]3 years ago
5 0

Sales = 19,630

Costs = 9,400

Gross Profit = 10,230

Depreciation = 2,070

Interest expense = 1,560

Earnings before tax = 6,600

Taxes at 30% = 1,980

Net Income =  4,620

Add back Depreciation = 2,070 (as it is an non cash expense)

Operating cash flow (OCF) = $ 6,690

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The board of directors is the highest ranking body in a corporation, and the chairman of the board is the highest ranking indivi
mario62 [17]

Answer:

True

Explanation:

The board as described, refers to the group formed of all the directors, in a company.

Out of all the directors, one individual is selected to lead the group called Chairman.

Further, a designation called Chief Executive Officer is provided to an individual, who is held as one among the key members of the company.

But that person is below the directors, and is appointed through directors.

6 0
3 years ago
Suppose Hank and Tony can both produce corn. If Hank's opportunity cost of producing a bushel of corn is 2 bushels of soybeans a
Alex787 [66]

Answer:

The correct answer is option a.

Explanation:

Comparative advantage refers to the situation where an individual, firm, or nation can produce a good at a comparatively lower opportunity cost.  

It is given here that,

Hank's opportunity cost of producing a bushel of corn = 2 bushels of soybeans  

And,

Tony's opportunity cost of producing a bushel of corn = 3 bushels of soybeans

We see that Hank has a lower opportunity costs in the production of corn. So we can say Hank has a comparative advantage in the production of corn. Or in other words, Hank specializes in the production of corn.

7 0
3 years ago
About 6 out of 10 people entering a community college need to take a refresher mathematics course. if there are 850 enteringâ st
musickatia [10]

Answer:510 students

Explanation: given that total student is 850

And Of every 10 student 6 will have to sit for a refresher math course

Hence the number that will need a refresher math course will be (850/10)*6= 510

Or better still to better understand this let's use the crossing multiplication method

of 10 student 6must do a refresher math then

Of 850 students x must do a refresher math

Cross multiplying we have

X=(850*6)/10=510 students

5 0
3 years ago
What does limited liability for investors imply in a public stock company?
Elina [12.6K]
Restricted risk will be a kind for Risk that doesn't surpass the measure put resources into an association or restricted risk shares of the organization. Those restricted risk characteristic may be a standout amongst the greatest points of interest for Contributing in publicly recorded organizations. Same time An shareholder could take an interest wholly in the development of a company, as much alternately her obligation will be confined of the amount of the financing in the company, regardless of it thusly dives bankrupt and need remaining obligation commitments. 
8 0
3 years ago
You have been given $100 to go school shopping. Identify how you would spend the money based on "needs" and "wants".
mojhsa [17]

Answer:

Explanation:

You will need:

pens, paper, pencils, folders, notebooks, shoes and clothes for school

Your wants would be:

the air jordan shoes instead of the walmart brand.

A colorful 3d folder or notebook instead of the generic plain ones

a 5 dollar pen or pencil when you can get 12 for a dollar

Needs would be very basic items

wants are usually much more expensive

8 0
3 years ago
Read 2 more answers
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