1 ridiculousness inc has sales of 45500 costs of 20200, Ask an Expert

Finance

1. Ridiculousness, Inc., has sales of $45,500, costs of $20,200, depreciation expense of $2,000, and interest expense of $1,200. If the tax rate is 35 percent, what is the operating cash flow, or OCF?

Operating cash flow $

2. Tyler purchased a rental house in May 2011 for $135,000, of which $35,000 was attributed to the land. Tyler sold the rental house in August 2016. How much will he deduct for depreciation in 2016?

3. A bank quotes the nominal annual rate of 7%, and it compounds interest every three months. What is the value of $100 deposited in this bank after a year and three months?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92788112

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