1. Ridiculousness, Inc., has sales of $45,500, costs of $20,200, depreciation expense of $2,000, and interest expense of $1,200. If the tax rate is 35 percent, what is the operating cash flow, or OCF?
Operating cash flow $
2. Tyler purchased a rental house in May 2011 for $135,000, of which $35,000 was attributed to the land. Tyler sold the rental house in August 2016. How much will he deduct for depreciation in 2016?
3. A bank quotes the nominal annual rate of 7%, and it compounds interest every three months. What is the value of $100 deposited in this bank after a year and three months?