Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2024 Press Exercise Equipment, Inc reported the following statement of cash flows for Click the icon to view the statement of cash flows) Press plans

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
2024 Press Exercise Equipment, Inc reported the following statement of cash flows for Click the icon to view the statement of cash flows) Press plans to purchase a truck for 522,000 and a forklift for 5127.000 next year Assuming Press plans similar activity for 2025, what would be the amount of free cash flow? (Abbreviations used Cash pents for planned invest=Cash payments for planned Investments in long term assets, NCFA - Net cash provided by financing activities, NCO Net cash provided by operating activities. Use parentheses or a minus sign to show negative free cash flow) In addition, it plans to pay cash dividends of $4.000 Select the labels and enter the amounts to calculate Press's free cash flow for 2025 Free cash flow A Reference Press Exercise Equipment, Inc. & ey Statement of Cash Flows Year Ended December 31, 2024 mte Cash Flows from Operating Activities $ 134,000 Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense 47.000 (4,000) Increase in Accounts Receivable 4,000 Decrease in Merchandise Inventory Increase in Accounts Payable Decrease in Salaries Payable 1.000 14.000 44,000 istor Print Done Done CK Reference Net Cash Provided by (Used for) Operating Activities 178,000 Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets (89,000) (20,000) (109,000) Cash Payment for Investments Net Cash Provided by (Uses for) Investing Activities Cash Flows from Financing Activities Cash Payment of Dividends Cash Payment of Notes Payable (64,000) (5.000) 6.000 Cash Receipt from Issuance of Common Stock (63,000) Net Cash Provided by (Used for) Financing Activities 6,000 Net Increase (Decrease) in Cash ore Print Done X Reference Cash Payment for Acquisition of Plant Assets (89,000) (20,000) Cash Payment for Investments Net Cash Provided by (Used for) Investing Activities (109,000) Cash Flows from Financing Activities. (64,000) Cash Payment of Diviends Cash Payment of Notes Payable (5,000) 6,000 Cash Receipt from Issuance of Common Stock (63,000) Net Cash Provided by (Used for) Financing Activities 6,000 Net Increase Decrease) in Cash 15.000 Cash Balance December 31, 2023 5 21,000 Cash Balance, December 31, 2024

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions