Outdoor Sports paid $12,500 in dividends and $9,310 in interest over the past year. Sales totaled $361,820 with costs of $267,940. The depreciation expense was $16,500 and the tax rate was35 percent. What was the amount of the operating cash flow?

a. $64,232
b. $65,306
c. $57,556
d. $70,056
e. $70,568

c. $57,556

Explanation:

Operating Cash flow = Net Income + Non cash Expenses + net Change in working capital

Operating Cash flow = 44,245 + 16,500 + (-12,500 + 9310)

Operating Cash flow = 57,555

                                    $

Sales                       361,820

Cost                       (267,940)

Gross Income         93,880

Depreciation         (16,500)

Operating Income  77,380

Interest Expense    (9,310)

Income before Tax 68,070

Tax 35%                  (23,825)

Net Income             44,245  

a

explanation:

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.