Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. for the most recent year, cbi, inc. had revenues o

For the most recent year, CBI, Inc. had revenues of $8 million, and total operating...

50.1K

Verified Solution

Question

Finance

For the most recent year, CBI, Inc. had revenues of $8 million, and total operating costs, excluding depreciation, of $3.1 million. Depreciation for the year was $1.2 million, and the tax rate was 26%. The firm did not have any interest expense.

What was the companys operating cash flow (OCF) for the year?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. A t-test should be used when the standard deviation of the population is known, whereas...

Statistics
Q

True False Question 2 1 point Listen Saved UV light can sterilize surfaces and can...

Biology
Q

A Plants exhibit positive gravitropism by their roots growing in response to gravity sideways B...

Biology
Q

Which of the following statements correctly describes the primary difference between enhancers and proximal control...

Biology
Q

B Question 4 Which of the following represents 4 1 97 A

Geometry
Q

11 3 2x 2 10 3 2x 2 V 2 10 2 y 2 correctly...

Basic Math
Q

If you randomly select a sales receipt what is the probability that the customer ordered...

Statistics
Q

Consider the one parameter family of functions given by p x 5x3 ax 2 where...

Calculus
Q

2 Choose one of these polynomial functions then answer the questions below using that equation...

Algebra
Q

Solve the three equations below You must solve one using the zero product property one...

Algebra
Q

Answer just these two questions. You must be knowledgeable in the using Sage 300 erp...

Accounting
Q

Exercise 117 (Algo) Net present value and unequal cash flows LO P3 Gomez is considering...

Accounting