Question

Pompeii, Inc., has sales of $46,200, costs of $23,100, depreciation expense of $2,200, and interest expense...

  1. Pompeii, Inc., has sales of $46,200, costs of $23,100, depreciation expense of $2,200, and interest expense of $1,700. If the tax rate is 22 percent, what is the operating cash flow, or OCF?

  1. Logano Driving School’s 2017 balance sheet showed net fixed assets of $4 million, and the 2018 balance sheet showed net fixed assets of $3.3 million. The company’s 2018 income statement showed a depreciation expense of $319,000. What was net capital spending for 2018?

Math   Advanced-Math   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Pompeii, Inc., has sales of $46,200, costs of $23,100, depreciation expense of $2,200, and interest expense...
Pompeii, Inc., has sales of $46,200, costs of $23,100, depreciation expense of $2,200, and interest expense of $1,700. If the tax rate is 22 percent, what is the operating cash flow, or OCF? (Do not round intermediate calculations.)
Pompei, Inc. has sales of $46,200, costs of $23,100, depreciation expense of $2,200, and interest expense...
Pompei, Inc. has sales of $46,200, costs of $23,100, depreciation expense of $2,200, and interest expense of $1,700. If the tax rate is 22%, what is the operating cash flow, OCF? A) $19,200 B) $20,900 C) $18,876 D) $4,224
Pompeii, Inc., has sales of $50,000, costs of $23,000, depreciation expense of $2,250, and interest expense...
Pompeii, Inc., has sales of $50,000, costs of $23,000, depreciation expense of $2,250, and interest expense of $2,000. If the tax rate is 23 percent, what is the operating cash flow, or OCF? (Do not round intermediate calculations.)
Pompeii, Inc., has sales of $51,500, costs of $23,600, depreciation expense of $2,400, and interest expense...
Pompeii, Inc., has sales of $51,500, costs of $23,600, depreciation expense of $2,400, and interest expense of $2,150. If the tax rate is 21 percent, what is the operating cash flow, or OCF? (Do not round intermediate calculations.)
2. Building an Income Statement Shelton, Inc., has sales of $435,000, costs of $216,000, depreciation expense...
2. Building an Income Statement Shelton, Inc., has sales of $435,000, costs of $216,000, depreciation expense of $40,000, interest expense of $21,000, and a tax rate of 35 percent. What is the net income for the firm? Suppose the company paid out $30,000 in cash dividends. What is the addition to retained earnings? 8. Cash Flow to Creditors The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $1.625 million, and the 2015 balance sheet showed long-term...
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $5.2 million, and...
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $5.2 million, and the 2018 balance sheet showed long-term debt of $5.3 million. The 2018 income statement showed an interest expense of $170,000. During 2018, the company had a cash flow to creditors of $70,000 and the cash flow to stockholders for the year was $75,000. Suppose you also know that the firm’s net capital spending for 2018 was $1,380,000, and that the firm reduced its net...
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $5.7 million, and...
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $5.7 million, and the 2018 balance sheet showed long-term debt of $5.9 million. The 2018 income statement showed an interest expense of $190,000. During 2018, the company had a cash flow to creditors of –$10,000 and the cash flow to stockholders for the year was $70,000. Suppose you also know that the firm’s net capital spending for 2018 was $1,420,000, and that the firm reduced its net...
The 2018 balance sheet of Speith’s Golf Shop, Inc., showed long-term debt of $3.5 million, and...
The 2018 balance sheet of Speith’s Golf Shop, Inc., showed long-term debt of $3.5 million, and the 2019 balance sheet showed long-term debt of $3.75 million. The 2019 income statement showed an interest expense of $160,000. The 2018 balance sheet showed $500,000 in the common stock account and $3.3 million in the additional paid-in surplus account. The 2019 balance sheet showed $540,000 and $3.5 million in the same two accounts, respectively. The company paid out $405,000 in cash dividends during...
6. The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6 million,...
6. The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6 million, and the 2018 balance sheet showed long-term debt of $6.2 million. The 2018 income statement showed an interest expense of $205,000. During 2018, the company had a cash flow to creditors of $5,000 and the cash flow to stockholders for the year was $60,000. Suppose you also know that the firm’s net capital spending for 2018 was $1,450,000, and that the firm reduced its...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.7 million in long-term debt, $750,000...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.7 million in long-term debt, $750,000 in the common stock account, and $5.95 million in the additional paid-in surplus account. The 2018 balance sheet showed $4.25 million, $925,000, and $8.55 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $320,000. The company paid out $650,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $760,000, and the firm...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT