Give me answer Accounting.. During the year, Team Shirts, Inc. had net cash from operating activitiesof $50,000; it paid $20,000 in dividends; it purchased equipment for$30,000; and it purchased office supplies for $10,000. Free cash flow forthe year was:a) $0b) $(10,000)c) $10,000d) $100,000

Step 1: Definition of Free Cash FlowA company's free cash flow represents the cash it produced in a…

Answered: During the year, Team Shirts, Inc. had…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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Rainey enterprises loaned $50,000 to Small Co. on June 1, Year 1, for one year at 6% interest. Rainey Enterprises loaned $50,000 to Small Co. on June 1, Year 1, for one year at 6 percent interest. Required Show the effects of the following transactions in a horizontal statements. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). For any element not affected by the event, leave the cell blank. (Not every cell will require entry. Do not round intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Round your answers to the nearest whole dollar.) (1) The loan to Small Co. (2) The adjusting entry at December 31, Year 1. (3) The adjusting entry and collection of the note on June 1, Year 2. RAINEY ENTERPRISES Horizontal Statements Model Assets Equity Income Statenment Statement of Cash Flow Date Liabilinies Notes Receivable Interest Receivable Retained…
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Cindy made $50,000 in year 1 and $60,000 in year 2. She had the following yearly outflows: Year 1 Year 2 Nondiscretionary $25,000 $27,000 Discretionary $10,000 $12,000 Capital Expenditures $5,000 $13,000 Debt Repayment 0 $6,000 Calculate Cindy’s operating cash flow and net cash flow for each year
Cash Flow RatiosSpencer Company reports the following amounts in its annual financial statements: Cash flow from operating activities $65,000 Capital expenditures $42,000* Cash flow from investing activities (48,000) Average current assets 96,000 Cash flow from financing activities (6,000) Average current liabilities 72,000 Net income 30,000 Total assets 180,000 * This amount is a cash outflowa. Compute Spencer's free cash flow.b. Compute Spencer's operating-cash-flow-to-current-liabilities ratio.c. Compute Spencer's operating-cash-flow-to-capital-expenditures ratio. Round ratios to two decimal points. a. Free cash flow Answer b. Operating-cash-flow-to-current-liabilities ratio Answer c. Operating-cash-flow-to-current-expenditures ratio Answer
At the Bartholomew Company last year all sales were for cash and all expenses were paid in cash. The tax rate was 30%. If the after-tax net cash inflow from these operations last year was $10,500, and if the total before tax cash expenses were $35,000, then the total before-tax cash sales must have been: (M) A. $65,000. B. $60,000. C. $45,000. D. $50,000.

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During the year, Team Shirts, Inc. had net cash from operating activities of $50,000; it paid $20,000 in dividends; it purchased equipment for $30,000; and it purchased office supplies for $10,000. Free cash flow for the year was: a) $0 b) $(10,000) c) $10,000 d) $100,000