Answer is $15,000
Net Income = Revenue - Expenses
Net Income = $33,500 - $18,500
Net Income = $15,000
So, net income for the period is $15,000
v2.cengagenow.com Week 4-2/10 - 2020-Spring: ACCT-2401-P1-Prin.offin. CengageNow Online teaching and learning resource. The Journal Calculator A...
v2.cengagenow.com ogin Ch. 16 HW exercises CengageNOW 2 Online teaching and learning resource from Cengage Learning cBook Calculator Free Cash Flow Sweeter Enterprises Inc. has net cash flows from operating activities of $371,000 Cash flows used for investments in property, plant, and equipment totaled $85,000, of which 70% of this investment was used to replace existing capacity a. Determine the free cash flow for Sweeter Enterprises Inc. b. How might a lender use free cash flow to determine whether or...
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