Below is the balance sheet for Northern Comfort Company for December 31 of 2015 and 2016. 2015 2016
Cash 900 1,000
Accounts payable 2,700 3,000
Accounts receivable 2,700 3,000
Current liabilities 2,700 3,000
Inventory 2,700 3,000
Long-term debt 5,400 6,000
Current assets 6,300 7,000
Total liabilities 8,100 9,000
Net fixed assets 11,700 13,000
Equity 9,900 11,000
Total assets 18,000 20,000
Total liab. 18,000 20,000

The income statement for 2016 is also given:

Amount
Sales 48,000
Cost 26,400
Depreciation 7,200
EBIT 14,400
Interest 4,800
Taxes 2400
Net income 7200

Required:
a. What was the operating cash flow for 2016?
b. What was the change in net working capital?
c. What was net capital spending in 2016?
d. What was the CFFA for 2016?

Speedy auto repairs uses a job-order costing system. the company’s direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics’ hourly wages. speedy’s overhead costs include various items, such as the shop manager’s salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 20,000 fixed overhead cost $ 350,000 variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate. 2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 590 direct labor cost $ 109 direct labor-hours used 6