for each of the following independent situations, compute the net after-tax cash flow acount by...
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Accounting
for each of the following independent situations, compute the net after-tax cash flow acount by subtracting cash outlays for operating expenses and income taxes from cash revenue. The cash outlay for income taxes is determined by applying the income tax rate to the cash revenue received less the cash and noncash (depreciation) expenses.
B C Cash revenue received $82,000 $420,000 $202,000 Cash operating expenses paid 45,100 261,300 121,200 Depreciation on tax return 12,300 40,200 20,200 Income tax rate 30% 40% 20% Do not use negative signs with any of your answers below. A B $ 0 $ 0 $ 0 Cash revenue Cash outlays: Operating expenses Income taxes Total cash outlays 0 0 0 0 0 0 0 0 0 Net after-tax cash flow $ 0 $ 0 $ 0 0
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