Answered step by step
Verified Expert Solution
Question
1 Approved Answer
After-Tax Cash Flows For each of the following independent situations, compute the net after-tax cash flow amount by subtracting cash outlays for operating expenses and
After-Tax Cash Flows For each of the following independent situations, compute the net after-tax cash flow amount 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.
A | B | C | |
---|---|---|---|
Cash revenue received | $78,000 | $398,000 | $198,000 |
Cash operating expenses paid | 42,900 | 258,700 | 118,800 |
Depreciation on tax return | 11,700 | 39,800 | 19,800 |
Income tax rate | 30% | 40% | 20% |
Do not use negative signs with any of your answers below.
A | B | C | |
---|---|---|---|
Cash revenue | Answer | Answer | Answer |
Cash outlays: | |||
Operating expenses | Answer | Answer | Answer |
Income taxes | Answer | Answer | Answer |
Total cash outlays | Answer | Answer | Answer |
Net after-tax cash flow | Answer | Answer | Answer |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started