The Venoid Corporation Has an Annual Cash Inflow from Operations

question 111

Multiple Choice

The Venoid Corporation has an annual cash inflow from operations from its investment in a capital asset of $23,000 (excluding depreciation) each year for five years. The corporation's income tax rate is 30%. Calculate the total after-tax cash inflow from operations for five years.

• A) $115,000
• B) $80,500
• C) $34,500
• D) $23,000

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Definitions:

Frenulum

The triangular area of sensitive skin on the underside of the penis, attaching the glans to the foreskin.

Glans

The sensitive bulbous structure at the distal end of the penis or clitoris.

Foreskin

The retractable fold of skin covering the glans of an uncircumcised penis, which plays a role in protection and sexual sensitivity.

Corpus Spongiosum

A column of erectile tissue within the penis enclosing the urethra.