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valentinak56 [21]
3 years ago
7

Hailey, Inc., has sales of $19,570, costs of $9,460, depreciation expense of $2,130, and interest expense of $1,620. Assume the

tax rate is 35 percent. What is the operating cash flow, or OCF? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Business
1 answer:
Eduardwww [97]3 years ago
8 0

Answer:

Net operating income= 4,134

Explanation:

Giving the following information:

Hailey, Inc., has sales of $19,570, costs of $9,460, depreciation expense of $2,130, and interest expense of $1,620. Assume the tax rate is 35 percent.

Sales= 19,570

COGS= 9,460

Gross profit= 10,110

Depreciation expense= 2,130

Interest expense= 1,620

EBT= 6,360

Tax= 2,226

Net operating income= 4,134

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You expect to receive $2,600 upon your graduation and will invest your windfall at an interest rate of 0.33 percent per quarter
kupik [55]

Answer:

n= 39.49 years

Explanation:

Giving the following information:

Present value (PV)= $2,600

Future value (FV)= $4,375

Interest rate (i)= 0.33/100= 0.0033

<u>To calculate the number of years, we need to use the following formula:</u>

n= ln(FV/PV) / ln(1+i)  

n= ln(4,375/2,600) / ln(1.0033)

n= 157.96/4

n= 39.49 years

5 0
2 years ago
You and your college roommate eat three packages of Ramen noodles each week. After graduation last month, both of you were hired
inn [45]

Answer:

The answer to this question is b. Yours will be positive and your roommate's would be negative.

Explanation:

Income elasticity of demand is the degree of responsiveness of demand to changes in income. In other words, it measures how changes in income of consumers will affect the quantity of commodities demanded by such consumers.

An income elasticity of demand can be positive or negative.

It is positive, when an increase in income leads to an increase in the quantity demanded by the customer. However it is referred to as negative when an increase in income leads to decrease in the quantity demanded by the consumer.    

In  the question above, it can be seen that the increase in income of the first person brought about increase in the commodity demanded thereby making his income elasticity of demand positive. one the other hand, the increase in the income of his roommate, brought about decrease in his demand which translate to the fact that his income elasticity of demand would be negative.

Hence the answer given.

4 0
3 years ago
In 2014, Elbert Corporation had net cash provided by operating activities of 531,000; net cash used by investing activities of 9
guapka [62]

Answer:

December 31 2014, cash = $486,000

Explanation:

To solve this, we will classify the particulars as either income or expenditure,and find the difference. This is shown below:

Particulars                          income($)                 expenditure($)

operating activities            531,000                     -

investing activities             -                                  963,000

financing activities             585,000                    -

January 1 cash balance     333,000                     -

Total                                   1,449,000                  963,000

∴ net cash available on December 31 2014 = Total income - expenditure

= 1,449,000 - 963,000 = $486,000

7 0
3 years ago
Effective team functioning is critical in ensuring the best performance. Which of these characteristics is critical in team lead
sladkih [1.3K]
<h2>Maintain Situational awareness (Option A)</h2>

Explanation:

Option A:

A good leader should have good presence of mind, should be good at acting wisely during critical situation and show is smartness based on the situation. Smart work best works in most of the critical situation.

Option B: No organization makes anyone sole responsible because both victory and defeat needs to be shared by team since everything is team work.

Option C: Discussion is always desired among team member because it is team work and a leader will lead a team.

Option D: Taking multiple job is not so fair unless and until it is measurable and achievable.

8 0
3 years ago
The primary difference between the periodic and perpetual inventory systems is that a a.periodic system determines the inventory
RSB [31]

Answer:

a.periodic system determines the inventory on hand only at the end of the accounting period

TRUE under perpetual method, the company know pretty on a daily basis how much inventory is in their existences.

While periodic system will only determinate this near year-end or end-of-the-month if needed

Explanation:

c.periodic system keeps a record showing the inventory on hand at all times

d.periodic system records the cost of the sale on the date the sale is made

FALSE.  As the periodic system will determinate inventories valaution at year-end or end-of-the-month

4 0
3 years ago
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