To simplify the expression \( 2^3 \cdot 16 + 24 \div 4 \), we will perform the calculations step-by-step.
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Calculate \( 2^3 \): \[ 2^3 = 8 \]
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Calculate \( 8 \cdot 16 \): \[ 8 \cdot 16 = 128 \]
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Calculate \( 24 \div 4 \): \[ 24 \div 4 = 6 \]
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Now, add the two results together: \[ 128 + 6 = 134 \]
Thus, the simplified expression equals 134.