The Moore Enterprise has gross profit of $980,000 with amortization expense of $410,000. The...
60.1K
Verified Solution
Link Copied!
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?
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: Zin AI - Your personal assistant for all your inquiries!
