1. Magnet corp. has sales revenue of $50,000, cost of good sold $22,500, depreciation expense...
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1. Magnet corp. has sales revenue of $50,000, cost of good sold $22,500, depreciation expense $5000 and interest expense of $1,500. If the tax rate is 25%, what is the operating cash flow? a. No right answer b. 22,250 ? c. 21,000 d. 13,650 e. 27,500
2. Magnet corp. 2014 balance sheet showed a long-term debt of 2 million, common stock of 1,350 million and 1 million of paid in surplus account. The 2015 balance sheet showed 2,5 million long term debt and 1 million common stock and 3 million paid in surplus. If company paid out 135,000 interest and 550,000 dividend. What was the cash flow from asset?
a. 965,000
b. No correct answer
c.-965,000
d. -2.015 million
e. 2.015 million
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