Density Farms, Inc. had sales of $490,000, cost of goods sold of $180,000, selling and administrative expense of $68,000, and operating profit of $98,000. What was the value of depreciation expense?

$144,000

$153,000

$44,000

$142,000

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Gerry Co. has a gross profit of $990,000 and $290,000 in depreciation expense. Selling and administrative expense is $129,000. Given that the tax rate is 37 percent, compute the cash flow for Gerry Co.

$700,000

$128,963

$649,730

$652,230

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A firm has $4,400,000 in its common stock account and $44,000,000 in its paid-in capital account. The firm issued 440,000 shares of common stock. What is the par value of the common stock?

$100 per share

$10 per share

$110 per share

$9 per share

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Given the following, what is free cash flow?

Cash flow from operating activities	$191,000
Capital expenditures	43,000
Dividends	33,000

$115,000.

$224,000.

$181,000.

$234,000.

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Elgin Battery Manufacturers had sales of $930,000 in 2009 and their cost of goods sold represented 67 percent of sales. Selling and administrative expenses were 7 percent of sales. Depreciation expense was $8,000 and interest expense for the year was $13,000. The firm's tax rate is 26 percent. What is the dollar amount of taxes paid?

$57,408

$248,600

$221,842

$60,788