Problemthe beach house has sales of 784000 and a profit, Ask an Expert

Accounting

Problem:

The Beach House has sales of $784,000 and a profit margin of 8 percent. The annual depreciation expense is $14,000.

Required:

Question: What is the amount of the operating cash flow if the company has no long-term debt?

$68,760
$72,240
$74,240
$76,720
$81,760

Note: Provide support for your rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173635

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