Answered: Foraker Inc. has sales of $52,900,…

Foraker Inc. has sales of $52,900, costs of $35,443, depreciation expense of $3,480, and interest expense of $2,105. If the tax rate is 21%, the operating cash flow (OCF) is:

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...

See similar textbooks

Related questions

Q: This year, FCF Inc. has earnings before interest and taxes of $10,180,000, depreciation expenses of…

A: Free cash flow = EBIT*(1-tax) + Deprication - capital expenditure - Increase in Working capital

Q: The annual revenue, expenses, and depreciation for a company are $130,000; 32,000; and $12,000,…

A: Revenue = 130,000 Expenses = 32000 Depreciation = 12000 Tax Rate = 23%

Q: The Rogers Corporation has a gross profit of $770,000 and $297,000 in depreciation expense. The…

A: Cash flow of companies will be equal to Net Income after tax plus depreciation

Q: Find the operating cash flow for the year for Robinson and Sons if it had sales revenue of…

A: The cash flow that is generated by a company from its primary business operation is term as the…

Q: The Berndt Corporation expects to have sales of $12 million. Costs other thandepreciation are…

A: a. Computation of expected net income and expected net cash flow is shown below:

Q: Benson inc has sales of 39530, costs of 12750 depreciation expense of 2550 and interest expense of…

A: Operating cash flow refers to the cash flow generated from the core operations of the business. It…

Q: Find the operating cash flow for the year for Robinson and Sons if it had sales revenue of…

A: The formula to compute operating cash flow as follows:

Q: Bronze, Inc has sales of $58,200, costs of $25,300, depreciation expense of $3,100, and interest…

A: Operating Cash Flows = Earning before interest & tax + Depreciation - Taxes

Q: Collin Krafts has sales of $820,000 and costs of $530,000. Interest expense is $35,000. The tax rate…

A: Statement of comprehensive income: It is a statement that reflects both, standard income and…

Q: Sheaves, Inc, has sales of $55,500, costs of $25,200, depreciation expense of $2,800, and interest…

A: The operating cash flow is calculated by adding depreciation and interest expense in the net income…

Q: During the year, Belyk Paving Co. had sales of $2,380,000. Cost of goods sold, administrative and…

A: The operating income is the income of the company that is generated after all the operating expenses…

Q: During 2018, Raines Umbrella Corp. had sales of $750,000. Cost of goods sold, administrative and…

A: Here, Free Cash flow to Equityholder, FCFE = Dividend paid to the shareholders = $68,000Let's put…

Q: Coolidge Cola is forecasting the following income statement: Sales…

A: The net cash flow of a company can be calculated by adjusting the cash inflows and cash outflows of…

Q: Webster's has beginning net fixed assets of $684,218, ending net fixed assets of $679,426, and…

A: Given the following information: Beginning Net Fixed Assets: $684,218 Ending Net Fixed Assets:…

Q: Jannah Company has sales of P1,000,000, cost of goods sold of P700,000, depreciation expenses of…

A: Operating cashflows = net income + depreciation +/- change in assets and liabilities income before…

Q: Jannah Company has sales of P1,000,000, cost of goods sold of P700,000, depreciation expenses of…

A: Operating cash flow means net income of the business after excluding the effect of non cash expenses…

Q: Benson, Inc., has sales of $39,930, costs of $13,110, depreciation expense of $2,710 and interest…

A: Operating cash flows refers to the cash flows that are arises or incurred due to core business…

Q: Your firm has the following income statement items: sales of $52,000,00%3; income tax of $1,880,000;…

A: Cash flows from operations means all cash inflows and outflows generated from the operations of the…

Q: Benson, Inc., has sales of $38,530, costs of $12,750, depreciation expense of $2,550, and interest…

A: SALES 38530 COSTS 12750 DEPRECIATION 2550 INTEREST 1850 TAX RATE 21%

Q: The annual revenue, expenses, and depreciation for a company are $130,000; 32,000; and $15,000,…

A: Annual Revenue = 130,000 Expenses = 32,000 Depreciation = 15,000

Q: Taurus Inc, has sales of $540,000, costs of $225,150, depreciation expense of $48,400, interest…

A: Sales = 540,000 Costs = 225,150 Depreciation = 48,400 Interest expense = 37,000 Other expenses =…

Q: Benson, Inc., has sales of $42,030, costs of $13,650, depreciation expense of $2,950, and interest…

A: Calculation of operating cash flow are as follows:

Q: Please show all equations and work as needed. Make the correct answer clear. If possible, please…

A: Calculation of Free Cash Flow using excel:

Q: In 2018, the total costs of operations (excluding income tax) amounted to P1,680,000. Included in…

A: Operating income after tax = ( net sales - operating cost ) x ( 1 - tax rate )…

Q: Gorilla Movers has sales of S645,560, cost of gods sold of SsA25,890, depreciation of $32,450, and…

A: The times interest earned ratio is calculated as ratio of earnings before interest and taxes and the…

Q: Find the operating cash flow for the year for Harper Brothers, Inc. if it had sales revenue of…

A: The formula to compute operating cash flow as follows:

Q: For the past year, Momsen Limited had sales of $45,017, interest expense of $3,308, cost of goods…

A: Net income is overall profit received by the company after providing the operating expenses and the…

Q: Willard, Incorporated has sales of $26,400, costs of $9,400, depreciation expense of $1,500,…

A: Operating cash flow refers to the cash flow generated by an entity from its operations. It is…

Q: Hammett, Inc., has sales of $34,630, costs of $10,340, depreciation expense of $2,520 and interest…

A: Operating cash flows = NOPAT + Depreciation = EBIT x (1 - Tax rate) + Depreciation = (Sales - Costs…

Q: Foraker Inc. has sales of $46,200, costs of $23,100, depreciation expense of $2200, and interest…

A: Sales = $46,200 Costs = $23,100 Depreciation = $2,200 Interest expense = $1700 Tax rate = 22%

Q: Precision System had sales of $820,000, cost of goods of $510,000, selling and administrative…

A: Income statement of income and expenses and operating profit is also called as EBIT

Q: Toodles Inc. had sales of $1,840,000. Cost of goods sold, administrative and selling expenses, and…

A: The question is based on the concept of Financial Management.

Q: flow

A: Introduction: Operating cash flow refers to the cash flow that is being generated by the business on…

Q: Sheaves, Inc., has sales of $54,000, costs of $24,600, depreciation expense of $2,650, and interest…

A: Operating Cash Flow = EBIT + Depreciation - Taxes EBIT = Sales - Cost - Depreciation - Interest

Q: Nataro, Incorporated, has sales of $676,000, costs of $338,000, depreciation expense of $82,000,…

A: Here, To Find: Net Income =?

Q: Graff, Incorporated, has sales of $50,000, costs of $23,000, depreciation expense of $2,250, and…

A: Operating cash flows is the amount of cash flows the company is able to generate from operations.…

Q: sidewinder, Inc., has sales of $678,000, costs of $339,000, depreciation expense of $84,000,…

A: Retained earnings refer to the part of the distributable profit that should not be distributed to…

Q: Lim Motors has sales of RM116,400, costs of goods sold of RM64,800, depreciation of RM7,100 and…

A: Sales = RM 116,400 Costs of goods sold = RM 64,800 Depreciation = RM 7,100 EBIT = Sales-Costs of…

Q: A firm’s annual revenues are $850,000. Its expenses for the year are $615,000, and it claims…

A: Tax:- It is the amount which one pays to the government of the country as per prescribed rates or…

Q: Hailey, Inc., has sales of $19,580, costs of $9,450, depreciation expense of $2,120, and interest…

A: Operating cash flow is nothing but the cash generated from day-to-day business operations. It is…

Q: Find the operating cash flow for the year for Harper Brothers, Inc. if it had sales revenue of…

A: Operating cash flow = profit after tax /net income + depreciation - taxes

Q: For the past year, Kayla, Incorporated, has sales of $46,967, interest expense of $4,088, cost of…

A: Operating Cash Flow = Net Income + Non-Cash Expense (Depreciation) As per US GAAP, Interest Paid is…

Q: For the past year, Kayla, Inc., has sales of $46,382, interest expense of $3,854, cost of goods sold…

A: Given:

Q: Hailey, Inc., has sales of $24200, costs of $8800, depreciation expense of $2600, and interest…

A: Operating cash flow refers to the cash generated by the regular operating activities of a business…

Question

100%

Foraker Inc. has sales of $52,900, costs of $35,443, depreciation expense of $3,480, and interest expense of $2,105. If the tax rate is 21%, the operating cash flow (OCF) is:

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of goods sold was 240,000, its operating expenses were 50,000, its interest revenue was 2,000, and its interest expense was 12,000. Brandts income tax rate is 30%. Prepare Brandts multiple-step income statement for the current year.
Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectively
Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had $2.0 million of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization?
Carter Swimming Pools has $16 million in net operating profit after taxes (NOPAT) in the current year. Carter has $12 million in total net operating assets in the current year and had $10 million in the previous year. What is its free cash flow?
In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts receivable, a 7,000 increase in inventory, an 8,000 increase in salaries payable, a 13,000 decrease in accounts payable, and 10,000 in depreciation expense. Using the indirect method, prepare the operating activities section of its statement of cash flows based on this information.
Hammett, Inc., has sales of $74,058, costs of $24,908, depreciation expense of $6,308, and interest expense of $1,766. If the tax rate is 31 percent, what is the operating cash flow, or OCF?
Hailey, Inc., has sales of $19,580, costs of $9,450, depreciation expense of $2,120, and interest expense of $1,610. Assume the tax rate is 40 percent. What is the operating cash flow
Sheaves, Inc., has sales of $54,000, costs of $24,600, depreciation expense of $2,650, and interest expense of $2,400. If the tax rate is 21 percent, what is the operating cash flow, or OCF?
Benson, Inc., has sales of $39,930, costs of $13,110, depreciation expense of $2,710 and interest expense of $1,970. The tax rate is 24 percent. What is the operating cash flow, or OCF?
Bronze, Inc has sales of $58,200, costs of $25,300, depreciation expense of $3,100, and interest expense of $4,400. If the tax rate is 21 percent, what is the operating cash flow?
Benson, Inc., has sales of $44830, costs of $14,370, depreciatior and interest expense of $2,390. The tax rate if 23 percent. What is the operating cash flow, or OCF?
For the past year, Kayla, Inc., has sales of $46,382, interest expense of $3,854, cost of goods sold of $16,659, selling and administrative expense of $11,766, and depreciation of $6,415 . If the tax rate is 35 percent, what is the operating cash flow?