Depreciation and accounting cash flow A firm in the third year of depreciating its only asset, which originally cost $ 180 comma 000 and has a 5-year MACRS recovery period LOADING..., has gathered the following data relative to the current year's operations: Accruals $ 15 comma 000 Current assets 120 comma 000 Interest expense 15 comma 000 Sales revenue 400 comma 000 Inventory 70 comma 000 Total costs before depreciation, interest and taxes 290 comma 000 Tax rate on ordinary income 21 %

a. Use the relevant data to determine the operating cash flow for the current year.
b. Explain the impact that depreciation, as well as any other noncash charges, has on a firm's cash flows.

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.

Paddock pools constructed a swimming pool and deck for the jensens' home. paddock installed the wrong trim on the pool. it would cost $2800 to change the trim-one-fifth of the total cost of the pool. the jensens refuse to pay anything for the pool. the paddock's best defense is: (a) duress (b) substanial performance (c)mistake (d) failure of conditions

The usa today reports that the average expenditure on valentine's day is $100.89. do male and female consumers differ in the amounts they spend? the average expenditure in a sample survey of 47 male consumers was $135.67, and the average expenditure in a sample survey of 38 female consumers was $68.64. based on past surveys, the standard deviation for male consumers is assumed to be $34, and the standard deviation for female consumers is assumed to be $17.