Calculate Ending fiXed Assets Given the Following Information: Cash flOw

question 141

Multiple Choice

Calculate ending fixed assets given the following information: cash flow from assets ($7,240) ; EBIT = $1,000; depreciation = $100; taxes = $240; change in net working capital = ($2,000) ; beginning
fixed assets = $30,000

• A) $40,000
• B) $35,000
• C) $30,000
• D) $25,000
• E) $20,000

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Definitions:

Gracile Australopithecines

One member of the genus Australopithecus possessing a more lightly built chewing apparatus; likely had a diet that included more meat than that of the robust australopithecines.

Human Ancestors

Prehistoric species and genera that are considered predecessors of modern humans in the evolutionary lineage.

Homo Erectus

An extinct species of early human that lived throughout Africa and Eurasia from approximately 2 million to 100,000 years ago.

Acheulean Tool

Prehistoric stone tools associated with the Lower Paleolithic period, characterized by large hand-axes and cleavers.