Business, 21.05.2021 04:30 quayakaty

Windsor, Corporation issued the following statement of cash flows for 2022. Windsor, Corporation Statement of Cash Flows—Indirect Method For the Year Ended December 31, 2022
Cash flows from operating activities
Net income $58,800
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense $8,800
Decrease in accounts receivable 10,500
Increase in inventory (4,800)
Decrease in accounts payable (2,000)
Loss on disposal of plant assets 3,600 16,100
Net cash provided by operating activities 74,900
Cash flows from investing activities
Sale of investments 3,200
Purchase of equipment (24,300)
Net cash used by investing activities (21,100)
Cash flows from financing activities
Issuance of common stock 19,600
Payment on long-term note payable (10,200)
Payment of cash dividends (12,800)
Net cash used by financing activities (3,400)
Net increase in cash 50,400
Cash at beginning of year 14,300
Cash at end of year $64,700

Required:
Compute free cash flow for Windsor, Corporation.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 20:20

If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible policy response? cut taxes to encourage consumer spending invest in infrastructure increase government spending to stimulate the economy cut spending equal to the reduction in tax revenue what is a likely consequence of this policy? unemployment falls due to the economic stimulus. the negative consequences of the recession are magnified. consumer spending increases due to their ability to keep more of their after-tax income. there is hyperinflation due to an increase in aggregate demand.

Answers: 3

Answer

Business, 22.06.2019 19:30

He moto hotel opened for business on may 1, 2017. here is its trial balance before adjustment on may 31. moto hotel trial balance may 31, 2017 debit credit cash $ 2,283 supplies 2,600 prepaid insurance 1,800 land 14,783 buildings 72,400 equipment 16,800 accounts payable $ 4,483 unearned rent revenue 3,300 mortgage payable 38,400 common stock 59,783 rent revenue 9,000 salaries and wages expense 3,000 utilities expense 800 advertising expense 500 $114,966 $114,966 other data: 1. insurance expires at the rate of $360 per month. 2. a count of supplies shows $1,050 of unused supplies on may 31. 3. (a) annual depreciation is $2,760 on the building. (b) annual depreciation is $2,160 on equipment. 4. the mortgage interest rate is 5%. (the mortgage was taken out on may 1.) 5. unearned rent of $2,580 has been earned. 6. salaries of $810 are accrued and unpaid at may 31

Answers: 2

Answer

Business, 23.06.2019 02:30

The accountant at bramble corp. has determined that income before income taxes amounted to $10800 using the fifo costing assumption. if the income tax rate is 30% and the amount of income taxes paid would be $900 greater if the lifo assumption were used, what would be the amount of income before taxes under the lifo assumption?

Answers: 2

Answer

Business, 23.06.2019 12:30

You’ve decided to buy a new computer that costs $1,500. but best buy will let you take the computer home without making paying the full price immediately. rather, best buy will let you pay $500 now, and $500 at the end of each of the next two years. if the interest rate is 5%, how much do you need today to make sure you can make all the payments to best buy?

Answers: 1

Answer

You know the right answer?

Windsor, Corporation issued the following statement of cash flows for 2022. Windsor, Corporation St...

Questions