Finance

posted by .

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 TABLE I MUST FILL IN.

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

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. finance 200

    · Complete the following problems (Do Not repeat the questions): 1. 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 …
  2. Finance

    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 …
  3. finance

    1. 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 …
  4. Accounting

    Use the following adjusted trial balance of Webb Trucking Company to prepare a classified balance sheet as of December 31, 2005.Account Title Debit Credit Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,000 Accounts …
  5. Finance

    From the information that follows, prepare an income statement and balance sheet for ABC Management Consulting for presentation at the annual board of directors meeting. Use proper formatting of financial statements by reviewing the …
  6. Fiance

    Use your knowledge of income statements to fill in the missing items: Sales Cost of goods sold $575,000 Gross profit $1,600,000 General and administrative expense $200,000 Selling and marketing expense $ Depreciation $50,000 Operating …
  7. Finance

    P5. Use your knowledge of income statements to fill in the missing items: SALES - $------ COST OF GOODS SOLD - $575,000 GROSS PROFIT - $1,600,000 GENERAL AND ADMINISTRATIVE EXPENSE - $200,000 SELLING AND MARKETING EXPENSE - $------ …
  8. accounting 100

    The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2014: Accounts payable $ 18,000 Accounts receivable 11,000 Accumulated depreciation – equipment 28,000 Advertising …
  9. Finance

    Suppose the firm in paid out (sales of $586,000, costs of $247,000, depreciation expense of $43,000, interest expense of $32,000, and a tax rate of 35 percent) $73,000 in cash dividends. What is the addition to retained earnings?
  10. accounting

    40. The following items are taken from the financial statements of Pelatihan OSN Company for the year ending December 31, 2016: Accounts payable 18,000 Accounts receivable 11,000 Accumulated depreciation – equipment 28,000 Advertising …

More Similar Questions