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masya89 [10]
3 years ago
9

Consider the following information from Snuggie Corp.'s most recent Income Statement. Net Sales were $948, Operating Costs (excl

uding depreciation) were $222, and Depreciation and Amortization Expense was $115. The firm's Interest Expense for the year was $47, and the firm's marginal tax rate is 35%. The firm's Operating Cash Flow for the year is $_____________. Margin of error for correct responses: +/- $.05.
Business
1 answer:
sertanlavr [38]3 years ago
3 0

Answer:

Explanation:

EBIT = Sales - costs - depreciation

EBIT = $948 - $222 - $115

EBIT = $611

Profit before tax = EBIT - Interest

Profit before tax = $611 - $47

Profit before tax = $564

Tax = 0.35 * 564 = $197.4

OCF = EBIT - tax + depreciation

OCF = $564 - $197.4 + $115

OCF = $481.6

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Answer:

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Explanation:

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where,

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Explanation:

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Why is the earth round why not a square or a triangle
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Which terms will make the following statement true? When manufacturing overhead is overapplied, the Manufacturing Overhead accou
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Answer:

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