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vladimir2022 [97]
3 years ago
13

During 2022, Pharoah Company reported cash provided by operations of $985000, cash used in investing of $851000, and cash used i

n financing of $236000. In addition, cash spent on fixed assets during the period was $342000. Average current liabilities were $806000 and average total liabilities were $2128000. No dividends were paid. Based on this information, what was Pharoah free cash flow
Business
1 answer:
a_sh-v [17]3 years ago
5 0

Answer:

$643,000

Explanation:

Calculation for Pharoah free cash flow

Using this formula

Free Cash flow =Cash provided by operations -Cash spent on fixed assets

Let plug in the formula

Free cash flow=$985000-$342000

Free cash flow=$643,000

Therefore Pharoah free cash flow will be $643,000

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madreJ [45]

Answer:

Annual depreciation= $2,480

Explanation:

Giving the following information:

Total Purchase price= $16,950

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<u>First, we need to calculate the accumulated depreciation at the end of year 3.</u>

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<u>Now, we can calculate the new depreciation expense:</u>

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4 0
3 years ago
What are three connection methods for the globalprotect agent? (choose three.)?
gogolik [260]
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5 0
2 years ago
Economic modelsa. are not useful because they omit many real-world details.b. are usually composed of diagrams and equations.c.
tino4ka555 [31]

Answer:

b. are usually composed of diagrams and equations.

Explanation:

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It encompasses the analysis of various situations in an economy. It amounts for significant influence on the changes in market and environment, in which an economy runs.

Since it is complex in nature it involves huge diagrams, metrics, equations.

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6 0
3 years ago
Is a product that is commonly used with other products
Galina-37 [17]
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3 years ago
Cycle Sales Company offers warranties on all their bikes. They estimate warranty expense at 4.5​% of sales. At the beginning of​
anastassius [24]

Answer:

$13,320

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