Jackson & Murphy Enterprises expects the following for 2017:

Net cash provided by operating activities of $234,000

Net cash provided by financing activities of $21,000

Net cash provided by investing activities of $67,000

Cash dividends paid to stockholders of $17,000

The business plans to spend

$106,000

to purchase equipment.

What is the expected amount of free cash flow for 2017?

A.

$65,000

B.

$111,000

C.

$128,000

D.

$82,000

#2

New Hope, Inc. is a merchandiser of stone ornaments. It sold 15,000 units during the year. The company has provided the following information:

Sales Revenue	$535,000
Purchases (excluding Freight In)	347,000
Selling and Administrative Expenses	32,500
Freight In	15,200
Beginning Merchandise Inventory	43,000
Ending Merchandise Inventory	56,500

How much is the gross profit for the year?

A.

$348,700

B.

$218,800

C.

$188,000

D.

$186,300

No need to show work thank you just final answer