Answer:
The firm's operating cash flow is $291000
Explanation:
Operating cash flow is arrived by using the format below:
Net income after tax
Add back dereciation and amortization
Add and (deduct) Reduction in working capital(Increase in working capital)
Add back interest expense on loans
Add back tax expense for the year
Then deduct:
Actual interest paid
Actual tax paid
Using the proforma above,Kerber's Tennis Shop Inc. is shown as:
Net income after tax+Interest expense(add)+reduction in net working capital(add)-increase in creditors' payment(minus)
As a result,operating cash flow=$220000+$91000-$20000
=$291000
Answer:
$32,529.54
Explanation:
To determine the answer the difference in future value of the investment options have to be determined
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
<u><em>First option </em></u>
$18,000 x (1.06)^40 = $185,142.92
<u><em>Second option</em></u>
$18,000 x (1.066)^39 = $217,672.46
Difference in future values = $217,672.46 - $185,142.92 = $32,529.54
Answer:
profit.
Explanation: its just right
The manager of the cost center does not have control over revenue or the use of investment funds.
<h3>What is a Manager?</h3>
A manager is referred as an individual in an organization who controls and coordinates functions and operations and notifies the use of resources in an appropriate manner after assigning them and helps in strategy development.
The manager of the cost center does not have control over revenue or the use of investment funds. Only managing costs within the budget is under the responsibility of a cost center manager.
In order to increase organizational efficiency and make revenue, internal management makes use of cost center data.
Learn more about Managers, here:
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