Determining operating cash flow

Assignment Help Accounting Basics
Reference no: EM1312517

Determine the operating cash flow (OCF) for Kleczka, Inc., based on the following data. (All values are in thousands of dollars.) During the year the firm had sales of $2,500, cost of goods sold totaled $1,800, operating expenses totaled $300, and depreciation expenses were $200.00.  The firm is in the 35% tax bracket.

Reference no: EM1312517

Questions Cloud

Estimating probability values based on discrete distribution : There are two telephone lines A and B. Let E1 be the event that line A is being used and E2 be the event that line B is being used
Transfer of immunologically competent t-lymphocytes : Give a mechanistic explanation for finding which is consistent with all the data. Explain your reasoning
Standard error of the mean : Assume the population standard deviation is 1.2 hours. The standard error of the mean is:
Function of muscles or musculature : The digastric and omohyoid muscles are similar in that they both have________. Suprahyoid, Two bellies, 60
Determining operating cash flow : Find out the operating cash flow (OCF) for Kleczka, Inc., based upon the following data. (All values are in thousands of dollars.)
Assumption of t-test : When the p-value is used for hypothesis testing, the null hypothesis is rejected if
Adjusting journal entries and partial balance sheet : On jan 1 07 daniels company contained these liability accts. Accts payable 42,500 Sales tax payable 6,600 Unearned service revenue 19,000 During january
Functions of skeletal system : Important functions of skeletal system involve: protection of the brain and soft organs. storage of water.  production of Vitamin E.
Mean waiting time of all customers : Determine whether or not the mean waiting time of all customers is significantly more than 3 minutes.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Characteristics that distinguish nfp from business

Identify characteristics that distinguish NFP from business enterprises. Specifically identify, from most important to least important, five accounting issues relevant to NFP financial reporting and explain your rationale by reference to existing ..

  Determining loss with break-even point

Tarrah Company's variable expenses are 72% of sales. The company's break-even point in sales is $2,450,000. If sales are $60,000 below the break-even point, the company would report a:

  Determination of taxable income

Brown Corporation, an accrual basis corporation, has taxable income of $150,000 in the current year. Included in its determination of taxable income are the following transactions.

  Important factor for evaluating pending lawsuit

What accounting factors are significant before evaluating whether a pending lawsuit should be accrued as a liability and reflected in the financial statements?

  Describing statement of cash flows

A Statement of Cash Flow is the statement which demostrate inflow and outflows of cash and cash equivalents of an enterprise during the particular period.

  Discuss the audit procedures

Describe the audit procedures which Johnson would conduct to find out if Mother earth would violated the debt covenants.

  Tests of transactions-transactions of balance sheet

Include tests of transactions after the balance sheet date as well as tests of transactions during the year under audit. Show

  Determining the basis for loss

Marsha Moore gave property with an adjusted basis of $28,000 to Alfred when the fair market value of the property was $25,000-What is Alfred’s basis for gain? What is his basis for loss?

  Absorption costing of bush company

During the last year, Bush Company had net income under absorption costing which was $5,500 lower than its income under the variable costing.

  Tabular analysis of transactions

A tabular analysis of the transactions made during August 2010 by Witten Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained.

  Effect of full cost-variable cost transfer pricing method

Examine the effect of both full-cost and variable-cost transfer pricing methods on Phipps' cash flows by using a spreadsheet program such as Excel.

  Replacing the asset by using nvp methodology

The new machine will cut operating costs by $10,000 each year for the next five years. Taylor's cost of capital is 8 percent. Should the firm replace the asset? (Use NPV methodology to solve this problem)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd