Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help with income taxes, total cash outlays and net after cash flow. Please show Work if possible Thank you After-Tax Cash Flows For each

Need help with income taxes, total cash outlays and net after cash flow.
Please show Work if possible
Thank you image text in transcribed
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. Cash revenue received $88,000 $408,000 $208,000 Cash operating expenses paid 48,400 265,200 124,800 Depreciation on tax return 13,200 40,800 20,800 30% 40% 20% Income tax rate Do not use negative signs with any of your answers below. Cash revenue 88,000 $ 408,000| $ 208,000 Cash outlays Operating expenses 48,400 V 265,200 v 124,800 v Income taxes 13.200 x 40,800 20,800 x Total cash outlays 26,400 0 X Net after-tax cash flow 0 X 0 2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems

Authors: Steven M. Bragg

2nd Edition

164221079X, 9781642210798

More Books

Students also viewed these Accounting questions

Question

What does the ArrayLists set method do?

Answered: 1 week ago

Question

b. Is it an undergraduate or graduate level course?

Answered: 1 week ago