During 2018, Raines Umbrella Corp. had sales of $745,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $456,000, $100,000, and $145,500, respectively. In addition, the company had an interest expense of $72,600 and a tax rate of 21 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully tax deductible.)

net loss 29,100

operating cahs flow 116,400

Q: net income/loss and cashflow

Explanation:

net income:

sales                            745,000

COGS                          (456,000)

selling expenses         (100,000)

depreciation expense (145,500)

interest expense           (72,600)

income before taxes      (29,100)

income tax expense                0

As we ignore carryforward provision we end with a net loss of 29,100

Cash flow:

net loss                    (29,100)

non-monetary terms

depreciation           145,500  

operating cahs flow 116,400

the correct answer is - no.

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answer; importance to people; or acceptance;