Problem-gerry co has a gross profit of 1200000 and 400000, Ask an Expert

Accounting

Problem-

Gerry Co. has a gross profit of $1,200,000 and $400,000 in depreciation expense. Selling and administrative expense is $250,000. Given that the tax rate is 40 percent, compute the cash flow for Gerry Co.

a). $730,000

b). $550,000

c). $330,000

d). None of these

Additional Requirement-

The problem belongs to Accounting and it illustrate about calculation of cash flow for a company.

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Accounting Basics, Accounting

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