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vazorg [7]
3 years ago
5

Sprouts Corporation reported net cash provided by operating activities of $412,000, net cash used by investing activities of $25

0,000, and net cash provided by financing activities of $70,000. In addition, cash spent for capital assets during the period was $200,000. No dividends were paid. Calculate free cash flow. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Business
1 answer:
topjm [15]3 years ago
7 0

Answer:

$32,000.00

Explanation:

Free cash flow is net cash inflow after all of the items.

Here, Inflow from operating activities - Used in investing activities + Inflow from financing activities - Cash outflow on capital assets = Free cash flow

= $412,000.00 - $250,000.00 + $70,000.00 - $200,000.00 = $32,000.00

Note: Generally amount used in purchasing capital assets is part of investing activity, here it is not part of such activity as it is given in addition.

Therefore, free cash flow = $32,000.00

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Answer:

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Explanation:

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3 0
2 years ago
Which type of account typically has very high liquidity, low or no interest, and low minimum balance?
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3 years ago
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6 0
3 years ago
Phoenix Agency leases office space for $7,000 per month. On January 3, Phoenix incurs $65,000 to improve the leased office space
Daniel [21]

Answer:

correct option is $13,000

Explanation:

given data

leases office = $7,000 per month

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solution

we know that The cost of leasehold improvement is depreciate whichever is less    

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(b) estimated useful life of improvement

so Annual depreciation of Leasehold Improvement will be here

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