For the Current Year,Peter's Boats Has Sales of $760,000 and a Profit

question 90

Multiple Choice

For the current year,Peter's Boats has sales of $760,000 and a profit margin of 5 percent.The annual depreciation expense is $80,000.What is the amount of the annual operating cash flow if the company has no long-term debt?

• A)$34,000
• B)$86,400
• C)$118,000
• D)$120,400
• E)$123,900

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Definitions:

Modus Ponens (MP)

A logical argument form that asserts if a conditional statement ("if p then q") is accepted, and the antecedent (p) holds, then the consequent (q) must also hold.

Modus Ponens (MP)

A form of logical argument where if a conditional statement ("if P, then Q") is accepted, and the antecedent (P) is affirmed, the consequent (Q) must also be affirmed.

Proof 1

A logical or mathematical demonstration showing that a specific statement or theorem is true, based on accepted axioms and inference rules.

Proof 2

An alternative term generally meaning evidence or argument establishing a fact or the truth of a statement.