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scoray [572]
3 years ago
12

During 2020, Harvey Industries reported cash provided by operations of $670,000, cash used in investing of $1,039,000, and cash

used in financing of $145,000. In addition, cash spent for fixed assets during the period was $404,000. No dividends were paid. Based on this information, what was Harvey's free cash flow?
Business
1 answer:
mina [271]3 years ago
5 0

Answer:

$266,000

Explanation:

The formula to compute the free cash flow is shown below:

Free Cash flow = Operating cash flow - capital expenditure

                         = $670,000 - $404,000

                         = $266,000

The operating cash flow is come from cash provided by operations and capital expenditure is the cash spent for fixed assets

All other information which is given is not relevant. Hence, ignored it

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Does unemployment affect demand?<br>​
Ivahew [28]

Yes it does. Unemployment is when a person isn't currently hired at a work pleace. If people are unemployed they are making no income so less people are in need of products so it lowers the demand.

6 0
3 years ago
Departmental overhead rates may not correctly assign overhead costs due to:
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Answer:C.overreliance on volume as a basis for allocating overhead costs where products differ regarding the number of units produced, lot size, or complexity ofproduction.

6 0
3 years ago
A year ago, Jasper Inc. sold 20-year bonds at par with a coupon rate of 4.5 percent and semiannual payments. The face value of e
scoray [572]

Answer:

= $877.32

Explanation:

<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).</em>

<em>Value of Bond = PV of interest + PV of RV</em>

The value of bond for Jasper Inc can be worked out as follows:

Step 1

<em>PV of interest payments</em>

<em>Semi annul interest paymen</em>t

= 4.5% × 1000 × 1/2

= 22.5

<em>Semi-annual yield</em> = 5.6/2 = 2.8% per six months

<em>Total period to maturity (in months)</em>

= (2 × 19) = 38 periods  <em> (Note it was sold a year ago)</em>

<em>PV of interest = </em>

<em> </em>22.5 × (1- (1+0.028)^(-38)/0.028)

= 22.5 ×23.20871226

= 522.196

Step 2

<em>PV of Redemption Value</em>

= 1,000 × (1.056)^(-19)

= 355.128

<em>Price of bond</em>

=  522.19 + 355.12

= $877.32

<em />

                               

5 0
3 years ago
As the owner of a women's clothing store, Caroline Lipscomb has an income of $75,000. She pays $30,000 per year in taxes and ano
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Answer:

28,000

Explanation:

3 0
3 years ago
Disposable personal income: a. excludes transfer payments. b. includes personal income taxes. c. is income spent for personal it
erma4kov [3.2K]

Answer:

d. excludes personal income taxes

Explanation:

Disposable personal income excludes personal income taxes.

A disposable income can be defined as an amount of money remaining after the deduction of income taxes, and social security fees.

4 0
3 years ago
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