Answer:Net Income/ loss= -$37,100
Raine's operating cash flow= $174,000
Explanation:
Net income/loss for Raines Umbrella Corp In 2018
Sales $715,000
less: Cost of goods sold -$446,000
Administrative and Selling expenses -$95,000
Depreciation -$140,500
EBIT $33,500
less: Interest $ 70,600
Net loss -$37,100
B) Raine's operating cash flow:
= EBIT + Depreciation - Taxes( Since a net loss was recorded by Raines, yhere would be no taxes
= $33,500 + $140,500 - $0
= $174,000
Answer:
C
Explanation:
The statement uses an active verb and has clear, concise information that specifically applies to a job rather than a class.
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