QUESTION 27

1. Jackie Cafe has the following information available:

   • Net Income $39,000
   • Cash Provided by Operations 29,000
   • Cash Sales 65,000
   • Capital Expenditures 8,000
   • Dividends Paid 12,000

   What is Jackie free cash flow?

   	a.	$17,000
   	b.	$10,000
   	c.	$19,000
   	d.	$9,000

1 points

QUESTION 28

1. Strombolis Market had the following transactions during 2020:

   • Issued $60,000 of par value common stock for cash.
   • Repaid a 6 year note payable in the amount of $15,000.
   • Acquired land by issuing common stock of par value $50,000.
   • Declared and paid a cash dividend of $21,000.
   • Sold a long-term investment (cost $3,000) for cash of $6,000.
   • Acquired an investment in IBM stock for cash of $20,000.

   What is the net cash provided by financing activities?

   	a.	$4,000
   	b.	$24,000
   	c.	$30,000
   	d.	$21,000