Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vocal Corp. experiences the following cashflows in Q1 2020: Inflow from sale of equity investments: $100,000 Outflow to employees : $200,000 Inflow from customers: $1,000,000

Vocal Corp. experiences the following cashflows in Q1 2020:

Inflow from sale of equity investments: $100,000

Outflow to employees : $200,000

Inflow from customers: $1,000,000

Outflow to suppliers: $400,000

Outflow to banks for interest: $10,000

Inflow from investments for interest: $15,000

Outflows to investors as dividends: $80,000

What is the operating cashflow for the firm?

A. 505,000

B. 325,000

C. 425,000

D. 405,000

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

College Accounting Chapters 1-12

Authors: Douglas McQuaig

10th Edition

1439038783, 978-1439038789

More Books

Students also viewed these Accounting questions

Question

Be relaxed at the hips

Answered: 1 week ago