Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. for 2020, a companys net capital spending was $3,4

For 2020, a companys net capital spending was $3,400,000, its depreciation expense was $800,000, and...

90.2K

Verified Solution

Question

Finance

For 2020, a companys net capital spending was $3,400,000, its depreciation expense was $800,000, and its cash flow from operations was $7,000,000. The companys net working capital increased by $600,000 during 2020. The company had net fixed assets of $12,000,000 on December 31, 2019. What was the companys CFFA for 2020?

Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

** When analyzing the collateral and analyzing the business risk and ability to pay for corporate...

Finance
Q

use the following data to answer the question that follow. Company. Beta ——————————— Savoy Corp. 0.63 Hokie Industries. 1.58 Graham Records....

Finance
Q

Iron(III) oxide reacts with carbon monoxide according to the equation: Fe2O3(s)+3CO(g)→2Fe(s)+3CO2(g) A reaction mixture initially contains 22.10 g...

Chemistry
Q

If the small business strategy is to run one location then What might be the advantages...

General Management
Q

A 20 cm long string having a mass of 1 0 g is fixed at...

Physics
Q

2 11 When the sun is directly overhead the surface of the earth receives 14...

Physics
Q

Give exact answers no decimals If more than one answer separate them with a comma...

Calculus
Q

A company wishes to develop standard costs to assist in the planning, control and evaluation...

Accounting
Q

22. Selected items from Boss Company's statement of cash flows for 2023 appear below. Classify...

Accounting
Q

The board of directors of Lauber Corporation are considering two plans for financing the purchase...

Accounting
Q

With your own words, 800 words Explain the time-driven activity-based costing and its difficulties

Accounting
Q

On December 31, records show the following accounts. Use this information to prepare a December...

Accounting