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Bramble Inc had the following activity last year: Sales $295000; Cost of goods sold $165000; Depreciation expense $25000; other selling and administrative expenses $95000; income
Bramble Inc had the following activity last year: Sales $295000; Cost of goods sold $165000; Depreciation expense $25000; other selling and administrative expenses $95000; income tax expense $3000. What was the estimated net cash flow for the year? $35000 $10000 $32000 $7000 Marigold Inc is considering an investment project with the following characteristics: internal rate of return factor 3.920; net income $46000; net annual cash inflow $136000; depreciation expense $89000. What was the amount of the initial investment? $533120 $529200 $180320 Cannot be determined from data given. Concord Corporation incurs the following costs to produce 9600 units of a subcomponent: Direct materials Direct labor Variable overhead Fixed overhead $8064 10848 12096 16200 An outside supplier has offered to sell Concord the subcomponent for $2.85 a unit. If Concord accepts the offer, by how much will net income increase (decrease)? $19848 $(2784) $3648 $(8448) Gant Accounting performs two types of services, Audit and Tax. Gant's overhead costs consist of computer support, $315000; and legal support, $157500. Information on the two services is: Direct labor cost CPU minutes Legal hours used Audit $50000 40000 200 Tax $100000 10000 800 Overhead applied to tax services using activity-based costing is $189000. $157500. $315000. $283500
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