Question

During the quarter ended 3/31/2015, Clarke Biscuits Inc. collected $100 of cash from customers, paid $60 of cash to suppliers, paid $30 of cash to employees and other creditors, and recorded a $5 loss on sale of equipment. There were no other cash flows related to operating activities. What was Clarke’s Cash Flow from Operations during the quarter ended 3/31/2015?

Answer 1

Answer:

1 / 1 points1. During the quarter ended 3/31/2015, Clarke Biscuits Inc. collected $100 of cash from customers,paid $60 of cash to suppliers, paid $20 of cash to employees and other creditors, and recorded$10 of depreciation expense. There were no other cash flows related to operating activities.What was Clarke’s Cash Flow from Operations during the quarter ended 3/31/2015?$(20)$10$30$100$20CorrectCorrect1 / 1 points2. During 2015, Rindal Vinyards Inc. had Revenue of $1000, Depreciation and AmortizationExpense of $100, Interest Expense of $100, and Tax Expense of $50. All other Expenses were$400. What was Rindal Vinyards’ EBITDA for 2015?$400