Homework Help: Finance

Posted by Mesha on Monday, March 29, 2010 at 12:50am.

The Monley Corporation of New Jersey has gross profits of $980,000 and $260,000 in depreciation expense. The Majors Corporation of Nebraska also has $980,000 in gross profit, with $60,000 in depreciation expense. Selling and administrative expense is $120,000 for each company.

Compute the cash flow for both companies with a tax rate of 40%. Explain the difference in cash flow between the two firms.

THIS IS THE CHART I MUST FILL IN.

Gross profit
Selling and admin expense Depreciation Operating profit
Taxes
Earnings after tax
Plus depreciation expense
Cash Flow

No one has answered this question yet.

Answer this Question

Related Questions

Finance - The Monley Corporation of New Jersey has gross profits of $980,000 and...
finance - 1. The Monley Corporation of New Jersey has gross profits of $980,000 ...
finance 200 - · Complete the following problems (Do Not repeat the ...
Business Maths - Please show me how to calculate this problem: During 2007, ...
Accounting - Journalize the following transactions and omit the explanations. A...
finance - Assume a corporation has earnings before depreciation and taxes of $...
financial management - Using the following information, prepare a balance sheet ...
Finance - Michigan Corporation purchased a new truck on January 1, 2013 for $55,...
tax - Andre formed a corporation and owns all of the stock. He contributed ...
Accounting - Help with Crosby Corporation? Can you please help me. I am ...

For Further Reading

First Name:
School Subject:
Answer: