*Motley Cruises is evaluating a proposed new project that has projected sales of $225,000, costs of $133,000, and depreciation of $24,800. Capital spending for the year is forecast at $53,650. The tax rate is 21 percent. Motley Cruises' net working capital schedule is provided below. What is the company's Total Cash Flow at year end? Accounts Receivable Accounts Payable Beginning of Year $90,155 $72,450 End of Year $101,600 $ 85,230

*Motley Cruises is evaluating a proposed new project that has projected sales of $225,000, costs of $133,000, and depreciation of $24,800. Capital spending for the year is forecast at $53,650. The tax rate is 21 percent. Motley Cruises' net working capital schedule is provided below. What is the company's Total Cash Flow at year end? Accounts Receivable Accounts Payable Beginning of Year $90,155 $72,450 End of Year $101,600 $ 85,230

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 4P

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