Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the following income​ statement: Kentucky Company
Income Statement
Year Ended December​ 31, 2019
Sales Revenue $249,000
Interest Revenue 2,300
Gain on Sale of Plant Assets 5,300
Total Revenues and Gains 256,600
Cost of Goods Sold 124,000
Salary Expense 43,000
Depreciation Expense 14,000
Other Operating Expenses 20,000
Interest Expense 1,600
Income Tax Expense 5,100
Total Expenses 207,700
Net Income​ (Loss) 48,900
Additional information provided by the company includes the​ following:
1. Current​ assets, other than​ cash, increased by 22,000.
2. Current liabilities decreased by 1,100.
Compute the net cash provided by​ (used for) operating activities.
A. $42,700.
B, $48,700.
C. $35,700.
D. $13,100.

In 2000, campbell soup company launched an ad campaign that showed prepubescent boys offering soup to prepubescent girls. the girls declined because they were concerned about their calorie intake. the boys explained that “lots of campbell’s soups are low in calories,” which made them ok for the girls to eat. the ads were pulled after parents expressed concern. why were parents worried? i

A4-year project has an annual operating cash flow of $59,000. at the beginning of the project, $5,000 in net working capital was required, which will be recovered at the end of the project. the firm also spent $23,900 on equipment to start the project. this equipment will have a book value of $5,260 at the end of the project, but can be sold for $6,120. the tax rate is 35 percent. what is the year 4 cash flow?

The gilbert instrument corporation is considering replacing the wood steamer it currently uses to shape guitar sides. the steamer has 6 years of remaining life. if kept,the steamer will have depreciaiton expenses of $650 for five years and $325 for the sixthyear. its current book value is $3,575, and it can be sold on an internet auction site for$4,150 at this time. if the old steamer is not replaced, it can be sold for $800 at the endof its useful life. gilbert is considering purchasing the side steamer 3000, a higher-end steamer, whichcosts $12,000 and has an estimated useful life of 6 years with an estimated salvage value of$1,500. this steamer falls into the macrs 5-year class, so the applicable depreciationrates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. the new steamer is fasterand allows for an output expansion, so sales would rise by $2,000 per year; the newmachine's much greater efficiency would reduce operating expenses by $1,900 per year.to support the greater sales, the new machine would require that inventories increase by$2,900, but accounts payable would simultaneously increase by $700. gilbert's marginalfederal-plus-state tax rate is 40%, and its wacc is 15%.a. should it replace the old steamer? b. npv of replace = $2,083.51