The Beach House has sales of $784,000 and a profit margin of 11 percent. The annual depreciation expense is $14,000. What is the amount of the operating cash flow if the company has no long-term debt?

A U.S. District Court in Arkansas may exercise personal jurisdiction over an out of state defendant if:

A. The defendant had minimal contacts with the state. B. The defendant had corporate profits exceeding $10 million annually, making such an entity subject to national jurisdiction. C. The defendant had violated a federal law, making the case a federal question. D. The defendant is from a different state and the amount in controversy exceeds $50,000. E. The defendant is an employee of the U.S. government.

Kenny Company is considering the possibility of investing $1,500,000 in a special project. This venture will return $375,000 per year for 12 years in after tax cash flows

Depreciation on the project will be $187,500 per year using straight-line depreciation. The payback period for the project is: A. 6 years. B. 12 years. C. 4 years. D. 2 years.