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Sunrise Electronics had sales revenue of $150,000,000, cost of goods sold of $70,000,000, sales and administrative costs of $20,000,000, depreciation expense of $15,000,000, and a tax rate of 32%. What is the operating cash flow for the year? The sales revenue for a company was $205.34 million, and their accounts receivable increased by $31.65 million. They also received a prepayment of $12.30 million from a customer. How much cash was received from customers? Options: a. $223.67 million b. $173.69 million c. $198.04 million d. $241.29 million

Sunrise Electronics had sales revenue of $150,000,000, cost of goods sold of $70,000,000, sales and administrative costs of $20,000,000, depreciation expense of $15,000,000, and a tax rate of 32%. What is the operating cash flow for the year? The sales revenue for a company was $205.34 million, and their accounts receivable increased by $31.65 million. They also received a prepayment of $12.30 million from a customer. How much cash was received from customers? Options: a. $223.67 million b. $173.69 million c. $198.04 million d. $241.29 million

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Sunrise Electronics had sales revenue of $150,000,000, cost of goods sold of $70,000,000, sales and administrative costs of $20,000,000, depreciation expense of $15,000,000, and a tax rate of 32%. What is the operating cash flow for the year? The sales revenue for a company was $205.34 million, and their accounts receivable increased by $31.65 million. They also received a prepayment of $12.30 million from a customer. How much cash was received from customers? Options: a. $223.67 million b. $173.69 million c. $198.04 million d. $241.29 million
Transcribed Image Text:Sunrise Electronics had sales revenue of $150,000,000, cost of goods sold of $70,000,000, sales and administrative costs of $20,000,000, depreciation expense of $15,000,000, and a tax rate of 32%. What is the operating cash flow for the year? The sales revenue for a company was $205.34 million, and their accounts receivable increased by $31.65 million. They also received a prepayment of $12.30 million from a customer. How much cash was received from customers? Options: a. $223.67 million b. $173.69 million c. $198.04 million d. $241.29 million
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