Answer:
$2.08 million
Explanation:
The operating cash flow is shown below:
= EBIT + Depreciation - Income tax expense
where,
EBIT = Sales - cost of good sold - depreciation expense
= $6.70 million - $3.70 million - $0.70 million
= $2.30 million
The income tax expense would be
= EBIT × tax rate
= $2.30 million × 40%
= $0.92 million
Now put these values to the above formula
So, the value would equal to
= $2.30 million + $0.70 million - $0.92 million
= $2.08 million
When it has a moral to it
B health manual ............................
Answer: current liability for any portion due within one year
Explanation:
Notes payable are referred to as the written agreements whereby one party agrees to pay the other party a certain amount of money.
It should be noted that on the balance sheet, notes payable will appear as liabilities. In a situation when the amount is due within a year, then it's considered to be current liabilities while it's regarded as a long-term liability when it's more than a year,
It should be noted that a five-year note payable would appear on the balance sheet as current liability for any portion due within one year.