1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Swifty Corporation sells its product for $5600 per unit. Variable costs per unit are: manufacturing, $2800, and selling and admi
galben [10]

Answer:

Am nevoie de Puncte

Explanation:

6 0
3 years ago
Del Gato Clinic deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the clo
Sergeeva-Olga [200]

Answer:

Explanation:

Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.  

There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.

The journal entries are shown below:

a. No journal entry required

b. Miscellaneous expense A/c Dr $16

        To Cash A/c                                      $16

(Being service charges is paid)

c.  Cash A/c Dr $9                      ($476 - $467)

           To Utilities expense A/c $9

(Being correction is recorded)

d. No journal entry required

The preparation of the  bank reconciliation statement is presented in the spreadsheet. Kindly find the attachment below:  

8 0
3 years ago
Someone help me. i have no clue oml
Zielflug [23.3K]

Answer:

Get a dice and roll it.

Explanation:

8 0
2 years ago
if barbara falcon invests $16,751.84 now and she will receive $30,000 at the end of 10 years, what annual rate of interest will
Crank

9% of annual rate of interest will she be earning on her investment .The price of borrowing money is reflected in the interest rate on a credit card.

<h3>What is annual  rate interest ?</h3>

The price of borrowing money is reflected in the interest rate on a credit card. We utilize the annual percentage rate for this (APR). On the majority of credit cards, you can avoid paying interest on purchases if you pay your balance in full each month by the due date.

The term annual percentage rate of charge refers to the interest rate for an entire year rather than just a monthly fee or rate as applied on a loan, mortgage loan, credit card, etc. It can also be referred to as a nominal APR or an effective APR. It is an annual rate of a finance charge.

To learn more about annual rate of interest refer to:

brainly.com/question/15728540

#SPJ4

4 0
1 year ago
E-commerce offers entrepreneurs an opportunity to _____
viktelen [127]

E-commerce offers entrepreneurs an opportunity to <u>utilize the</u><u> interactive </u><u>nature of the</u><u> Internet</u><u> to help their businesses grow.</u>

<u />

<h3><u>What Exactly Is Electronic Business (E-Business)?</u></h3>

Ecommerce is the name given to companies and individuals who conduct business online. E-commerce can operate in a range of market sectors and be performed on computers, tablets, cellphones, and other smart devices. Nearly any product or service imaginable is now available through e-commerce transactions, including books, music, airline tickets, and financial services like stock trading and online banking. It is considered a very disruptive technology result.

<u>What are the advantages and disadvantages of doing business online?</u>

The benefits of e-commerce for customers include:

  • Convenience
  • Increased selection
  • Perhaps lower startup costs
  • International sales
  • Easier to target customers again.

But e-commerce websites also have some disadvantages. The negatives include:

  • Limited client service
  • Lack of immediate gratification
  • Unable to touch products
  • Reliance on technology
  • Greater competition.

Learn more about E-commerce with the help of the given link:

brainly.com/question/14157556

#SPJ4

7 0
1 year ago
Other questions:
  • On December 1, year 1, Lester Company issued at 103, four hundred of its 9%, $1,000 bonds. Attached to each bond was one detacha
    11·1 answer
  • You have just won the lottery and will receive $460,000 in one year. You will receive payments for 27 years, and the payments wi
    5·1 answer
  • One policy response to the u.s. economic slowdown of 2001 was tax cuts. this policy response can be represented in the is–lm mod
    8·1 answer
  • Howard's Supply Co. suffered a fire loss on April 20, 2021. The company's last physical inventory was taken January 30, 2021, at
    12·1 answer
  • Helppppppp
    13·2 answers
  • Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below.
    5·1 answer
  • The following information relates to a product produced by Marigold Company: Direct materials $20 Direct labor 10 Variable overh
    11·1 answer
  • THE SUBJECT IS ACTUALLY SCIENCE HOW DO WE CLASSIFY THE BIODIVERSITY OF LIVING THINGS
    7·2 answers
  • The ledger of Mai Company includes the following accounts with normal balances: D. Mai, Capital $9,000; D. Mai, Withdrawals $800
    8·1 answer
  • If a buyer makes a 20% down payment and obtains a $95,000 mortgage, what is the sales price of the property?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!