For the past year, Kayla, Inc., has sales of $46,577, interest expense of $3,932, cost of goods sold of $16,834, selling and administrative expense of $11,861, and depreciation of $6,560. If the tax rate is 38 percent, what is the operating cash flow?

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.