Provo, inc., had revenues of $10 million, cash operating expenses of $5 million, and depreciation and amortization of $1 million during 2008. the firm purchased $500,000 of equipment during the year while increasing its inventory by $300,000 (with no corresponding increase in current liabilities). the marginal tax rate for provo is 40 percent. free cash flow: what is provo's free cash flow for 2008? $2,400,000 $4,000,000 $2,600,000 $3,400,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Provo, inc., had revenues of $10 million, cash operating expenses of $5 million, and depreciation and amortization of $1 million during ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Performance of which activities are most likely to improve in front of an audience?
Answers (1)
Is it reasonable to assume that treasury bonds will provide higher returns in recessions than in booms?
Answers (2)
In a competitive market, no single producer can influence the market price because many other sellers are offering a product that is essentially identical. consumers have more influence over the market price than producers do.
Answers (1)
jasper Corp. converts $1,000,000 into euros when the exchange rate is $1 = €0.75. After three months, the company converts this back into dollars when the exchange rate is $1 = €0.80. What is the outcome of this transaction?
Answers (1)
Alexis wants to make online purchases, but she is unsure about the e-commerce model. Which disadvantage of e-commerce is dissuading Alexis from making online purchases? A. possibility of higher price of products B. possibility of identity theft C.
Answers (1)
New Questions in Business
a customer asks an agent for the current market value of his stock portoflio. the stock market has been dropping sharly today and the agent gives the customer the most recent valuation that he has, which is based on yesterays closing prices.
Answers (1)
Which of the following is an advantage of a sole proprietorship? Group of answer choices a. It has limited liability for the debts incurred by the business. b. It is unaffected by the death or withdrawal of its owner. c. It is hard to dissolve.
Answers (1)
Describe the four types of returns: 1. interest 2. dividends 3. rents 4. capital gains
Answers (1)
Measures of central tendency and variability are calculated to describe the nature of charitable giving each year. These figures are computed for the "average" American citizen. Which of these is a possible value for the variance in dollars given? A.
Answers (1)
On January 1, 2020, Martinez Company makes the two following acquisitions. 1. Purchases land having a fair value of $330,000 by issuing a 4-year, zero-interest-bearing promissory note in the face amount of $483,153. 2.
Answers (1)