QUESTION 7

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

QUESTION 13

1. The following data are available for Hannah Corporation.

   Sale of land $115,000

   Sale of equipment $85,000

   Issuance of common stock 140,000

   Purchase of equipment 170,000

   Payment of cash dividends 120,000

   Net cash provided by investing activities is:

   	a.	$200,000.
   	b.	$30,000.
   	c.	$170,000.
   	d.	$25,000.