Question
April made $50,000 in year 1 and $60,000 in year 2. She had the following yearly outflows: Year 1 Year 2 Nondiscretionary - $25,000 $27,000
April made $50,000 in year 1 and $60,000 in year 2. She had the following yearly outflows:
Year 1 Year 2
Nondiscretionary - $25,000 $27,000
Discretionary - $10,000 $12,000
Capital expenditures - $5,000 $13,000
Debt repayment - $0 $6,000
Calculate Aprils operating cash flow and net cash flow for each year.
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
