Connor Designs Company Has Cash Flows for Operating Activities of $425,000.  Cash

question 143

Short Answer

Connor Designs Company has cash flows for operating activities of $425,000.  Cash flows used for investments in property, plant, and equipment totaled $65,000, of which 70% of this investment was used to replace machinery to maintain existing capacity.
What is the free cash flow for Connor Designs?

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Definitions:

Express Provision

A specific clause in a contract or legal document that explicitly states an agreement or condition.

Contract

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Obligor

An individual or entity legally bound to provide a benefit or payment to another in accordance with a contract or legal agreement.