Gerry Co. has a gross profit of $990,000 and depreciation expense of $390,000. Selling and administrative expense is $130,000. Given that the tax rate is 45 percent, compute the cash flow from operations for Gerry Co.

Multiple Choice

• $600,000

• $129,955

• $648,500

• $651,000

Item14

Time Remaining 1 hour 41 minutes 53 seconds

01:41:53

Item 14

Item 14

Time Remaining 1 hour 41 minutes 53 seconds

01:41:53

Who is accountable for social responsibility within a firm?

• The board of directors

• Management

• Investors

• The financial market

The Bubba Corp. had earnings before taxes of $197,000 and sales of $1,970,000. If it is in the 53% tax bracket, its after-tax profit margin is:

Multiple Choice

• 4.70%

• 6.70%

• 7.20%

• 7.70%