To simplify the expression \(2^3 \cdot 16 + 24 \div 4\), we can follow the order of operations (also known as PEMDAS/BODMAS).
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First, calculate \(2^3\): \[ 2^3 = 8 \]
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Next, multiply \(8\) by \(16\): \[ 8 \cdot 16 = 128 \]
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Now, calculate \(24 \div 4\): \[ 24 \div 4 = 6 \]
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Finally, add the results of step 2 and step 3: \[ 128 + 6 = 134 \]
So, the simplified expression equals \(134\).
The answer is \(134\).