Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the moore enterprise has gross profit of $980,000

The Moore Enterprise has gross profit of $980,000 with amortization expense of $410,000. The...

60.1K

Verified Solution

Question

Accounting

The Moore Enterprise has gross profit of $980,000 with amortization expense of $410,000. The Kipling Corporation has $980,000 in gross profits but only $65,000 in amortization expense. The selling and administration expenses are $125,000; the same for each company. If the tax rate is 20 percent, calculate the cash flow for each company. Kipling Cash flow $ Difference in cash flow Moore $ Calculate the difference in cash flow between the two firms?
image
The Moore Enterprise has gross profit of $980,000 with amortization expense of $410,000. The Kipling Corporation has $980,000 in gross profits but only $65,000 in amortization expense. The selling and administration expenses are $125,000; the same for each company. If the tax rate is 20 percent, calculate the cash flow for each company. Calculate the difference in cash flow between the two firms? Difference in cash flow $

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Which of the following would result in a future taxable amountat the time of...

Finance
1.2K views

St. Johns River Shipyards' welding machine is 15 years old, fully depreciated, and has no salvage...

Chemistry
1.2K views

please can answer all the questions and with work clearly 1. According to the Joslin Clinic,...

Chemistry
1.2K views

Which reactant, and how much of it, remains after the reaction of 40.0g of V2O5 (FW=181.9g/mol)...

Psychology
1.2K views

How should therapeutic disclosures be handled in a psychoeducational group?

Basic Math
1.2K views

Finally which of the following is true Select an answer Consider the following two lines...

Algebra
1.2K views

Consider a linear system whose augmented matrix is 1 3 0 2 4 3 12...

Accounting
1.2K views

Which of the following is an advantage of decentralization? Multiple Choice Decentralization motivates...

Accounting
1.2K views

Pharoah Manufacturing Inc. shipped finished goods inventory with a total cost of $48,600 to Blossom...

Accounting
1.2K views

please provide me the right answer Sheffield Company is considering the purchase of...

Accounting
1.2K views

Question 1 (1 point) ...

Accounting
1.2K views

urgent please D TAB. 7 8...