During the year, Belyk Paving Co. had sales of $2,393,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,432,000, $435,700, and $490,700, respectively. In addition, the company had an interest expense of $215,700 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.) a. What is the company’s net income? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e. g., 32.) Net income $ b. What is it's operating cash flow? (Do not round intermediate calculations and round your answer to the nearest whole number, e. g., 32.) Operating cash flow

(a) ($181,100)

(b) $525,300

Explanation:

Given that,

Sales = $2,393,000

Cost of goods sold = $1,432,000

Administrative and selling expenses = $435,700

Depreciation expense = $490,700

Interest expense = $215,700

Tax rate = 35 percent

(a) Gross profit:

= Sales - Cost of goods sold

= $2,393,000 - $1,432,000

= $961,000

EBIT:

= Gross profit - Administrative and selling expenses - Depreciation expense

= $961,000 - $435,700 - $490,700

= $34,600

Income Before Income Tax (EBT):

= EBIT - Interest expense

= $34,600 - $215,700

= ($181,100)

Net Income:

= Income Before Income Tax (EBT) - Taxes

= ($181,100) - $0

= ($181,100)

Note: The company does not have any profit during the year, so no tax.

(b) Operating cash flow:

= Sales - Cost of goods sold - Administrative and selling expenses

= $2,393,000 - $1,432,000 - $435,700

= $525,300

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported

answer; sprint;