{"id":556,"date":"2017-11-03T21:13:18","date_gmt":"2017-11-03T15:13:18","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/during-2009-rit-corp-had-sales-of-565600-costs-of-goods-carry-forward-provisions\/"},"modified":"2017-11-03T21:13:18","modified_gmt":"2017-11-03T15:13:18","slug":"during-2009-rit-corp-had-sales-of-565600-costs-of-goods-carry-forward-provisions","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/during-2009-rit-corp-had-sales-of-565600-costs-of-goods-carry-forward-provisions\/","title":{"rendered":"During 2009, RIT Corp. had sales of $565,600. Costs of goods &#8230; carry-forward provisions."},"content":{"rendered":"<p>During 2009, RIT Corp. had sales of $565,600. Costs of goods sold, administrative and selling expenses, and depreciation expenses were $476,000, $58,800, and $58,800, respectively. In addition, the company had an interest expense of $112,000 and a tax rate of 32 percent. What is the operating cash flow for 2009? Ignore any tax loss carry-back or carry-forward provisions.<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[69],"subject":[7],"education_level":[],"class_list":["post-556","mcq","type-mcq","status-publish","hentry","topic-financial-statements-taxes-and-cash-flow","subject-corporate-finance"],"mcq_note":"During 2009, RIT Corp. had sales of $565,600. Costs of goods sold, administrative and selling expenses, and depreciation expenses were $476,000, $58,800, and $58,800, respectively. In addition, the company had an interest expense of $112,000 and a tax rate of 32 percent. The operating cash flow for 2009 is $30,800 . Ignore any tax loss carry-back or carry-forward provisions.","mcq_options":[{"right":"no","answer":"$17,920 "},{"right":"no","answer":"$21,840 "},{"right":"yes","answer":"$30,800 "},{"right":"no","answer":"$52,600 "}],"multi_answers":"no","subject_terms":[{"id":7,"title":"Corporate Finance","slug":"corporate-finance"}],"topic_terms":[{"id":69,"title":"Financial Statements, Taxes, and Cash Flow","slug":"financial-statements-taxes-and-cash-flow"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=556"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=556"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=556"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=556"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}