Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Shauna Lee Company expects the following for 2024​: • Net cash provided by operating activities of $140,000. • Net cash provided by financing activities of $64,000. • Net cash used for investing activities of $86,000 ​(no sales of​ long-term assets). • Cash dividends paid to stockholders of $13,000. How much free cash flow does Lee expect for 2024​?

Sagot :

ayokenny2001

Answer:

See below

Explanation:

Computation of Cash flow

Net cash provided by operating activities

$140,000

Less:

Net cash used for investing activities

($86,000)

Less:

Net cash provided by financing activities

(64,000)

Ending cash balance

($10,000)

Therefore, Lee would expect free cash flow of ($10,000) for 2024.

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.