During 20x5, Oates Company had sales of $500,000, net income of $50,000, average total assets of $700,000, dividend payments of $35,000, net cash flows from operating activities of $90,000, purchases of plant assets of $75,000, and sales of plant assets of $90,000. Free cash flow equals
A) $55,000.
B) $105,000.
C) $40,000.
D) $70,000.
D
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Custom Quilters makes decorative comforters, quilted garments, and other products in a small sewing factory. During the upcoming, the company expects to make 2,000 comforters. With respect to the comforters how would the fabric used to make the comforters be classified?
A. Indirect and fixed B. Indirect and variable C. Direct and fixed D. Direct and variable
Named perils on a homeowners' insurance policy do not include
A) fire. B) windstorm. C) theft. D) flood. c
A grace period provides substantial benefits for consumers who do not pay off the entire amount owed each month on their revolving charge accounts
Indicate whether the statement is true or false
Flagler Corporation takes eight hours to complete the setup process for a certain electrical component, with the setup cost averaging $150 per hour. If the company's competitor can accomplish the same process in six hours, Flagler's non-value-added cost would be:
A. $900. B. $1,200. C. $300. D. $150. E. $0.