What does free cash flow represent? How is it used to evaluate business performance?
What will be an ideal response
Free cash flow is the amount of cash available from operating activities after paying for planned investments in long-term assets and after paying dividends to shareholders. Many companies use free cash flow to estimate the amount of cash that would be available for unexpected opportunities. Investors want to know how much cash a company can "free up" for new opportunities.
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An auditor wishes to perform tests of controls on an entity's cash disbursements procedures. If the control activities leave no audit trail of documentary evidence, the auditor most likely will test the procedures by:
A. confirmation and observation. B. inquiry and analytical procedures. C. observation and inquiry. D. analytical procedures and confirmation.
Rosales Enterprises has a forklift division that operates as a profit center. Below is a partially completed responsibility report for the first quarter. Complete the responsibility report. (Round percentages to one decimal place.)
Comprehensive health insurance reimburses 100 percent of covered services
Indicate whether the statement is true or false
What are three types of cloud services?
What will be an ideal response?