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At the Bartholomew Company Last Year,all Sales Were for Cash

Question 73

Multiple Choice

At the Bartholomew Company last year,all sales were for cash and all expenses were paid in cash.The tax rate was 30%.If the after-tax net cash inflow from these operations last year was $10,500,and if the total before-tax and tax-deductible cash expenses were $35,000,what must have been the total before-tax cash sales?


A) $45,000.
B) $50,000.
C) $60,000.
D) $65,000.

Correct Answer:

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