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.

On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?

Rebel technology maintains its records using cash-basis accounting. during the year, the company received cash from customers, $43,000, and paid cash for salaries, $23,500. at the beginning of the year, customers owe rebel $1,000. by the end of the year, customers owe $6,600. at the beginning of the year, rebel owes salaries of $5,600. at the end of the year, rebel owes salaries of $3,300. determine cash-basis net income and accrual-basis net income for the year.

Lucido products markets two computer games: claimjumper and makeover. a contribution format income statement for a recent month for the two games appears below: claimjumper makeover total sales $ 30,000 $ 70,000 $ 100,000 variable expenses 20,000 50,000 70,000 contribution margin $ 10,000 $ 20,000 30,000 fixed expenses 24,000 net operating income $ 6,000 required: 1. compute the overall contribution margin (cm) ratio for the company.. 2. compute the overall break-even point for the company in dollar sales. 3. complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (do not round intermediate calculations.)