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Question
Schiller Construction Inc. has estimated the following revenues and expenses related phase I of a proposed new housing development? Incremental sales= $5,000,000, total cash expenses $3,500,000, depreciation $500,000, taxes 35%, interest expense, $200,000. Operating cash flow equalsA) $650,000
B) $1,000,000
C) $1,150,000
D) $975,000
Answer
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Related questions
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