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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.

ABCCash revenue received$94,000$454,000$224,000Cash operating expenses paid58,000319,000149,000Depreciation on tax return16,00034,00024,000Income tax rate40%30%20%

Do not use negative signs with any of your answers below.

ABCCash revenue$Answer

$Answer

$Answer

Cash outlays:Operating expensesAnswer

Answer

Answer

Income taxesAnswer

Answer

Answer

Total cash outlaysAnswer

Answer

Answer

Net after-tax cash flow$Answer

$Answer

$Answer