Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
Bartleby Related Questions Icon

Related questions

Question
Green Valley Farms had sales revenue of $95,000,000, cost of goods sold of $45,000,000, sales
and administrative costs of $10,000,000, depreciation expense of $8,000,000, and a tax rate of
28%. What is the operating cash flow for the year? A company reported $145.78 million in sales
revenue, with accounts receivable increasing by $29.87 million. Additionally, the company
made a one-time credit sale adjustment of $6.45 million. How much cash did they receive from
customers?
Options:
a. $175.32 million
b. $119.33 million
c. $129.78 million
d. $136.42 million
expand button
Transcribed Image Text:Green Valley Farms had sales revenue of $95,000,000, cost of goods sold of $45,000,000, sales and administrative costs of $10,000,000, depreciation expense of $8,000,000, and a tax rate of 28%. What is the operating cash flow for the year? A company reported $145.78 million in sales revenue, with accounts receivable increasing by $29.87 million. Additionally, the company made a one-time credit sale adjustment of $6.45 million. How much cash did they receive from customers? Options: a. $175.32 million b. $119.33 million c. $129.78 million d. $136.42 million
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Principles of Accounting Volume 2
Accounting
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax College