Recent Question

Total net operating capital is equal to net fixed asset TRUE/FALSE 1. The income statement shows the difference between a firm's income and its costsi.e., its profitsduring a specified period of time. However, not all reported income comes in the form or cash, and reported costs likewise may not correctly reflect cash outlays. Therefore, there may be a substantial difference between a firm's reported profits and its actual ...

Other / Other 26 Mar 2016

The primary reason the annual report is important in finance TRUE/FALSE 1. The annual report contains four basic financial statements: the income statement, balance sheet, statement of cash flows, and statement of stockholders' equity. 2. The primary reason the annual report is important in finance is that it is used by investors when they form expectations about the firm's future earnings and dividends, and the riskiness of th ...

Other / Other 26 Mar 2016

The year-end balance sheets for Wolken Enterprise 1. Which of the following statements is CORRECT? a. The income statement for a given year, say 2012, is designed to give us an idea of how much the firm earned during that year. b. The focal point of the income statement is the cash account, because that account cannot be manipulated by "accounting tricks." c. The reported income of two otherwise identical firms cannot be manipulated by di ...

Other / Other 26 Mar 2016

Swinnerton Clothing Company's balance sheet 1. Companies generate income from their "regular" operations and from other sources like interest earned on the securities they hold, which is called non-operating income. Lindley Textiles recently reported $12,500 of sales, $7,250 of operating costs other than depreciation, and $1,000 of depreciation. The company had no amortization charges and no non-operating income. It had $8,000 of bonds o ...

Other / Other 26 Mar 2016

The balance sheet is a financial statement that measures the flow of funds TRUE/FALSE 1. If the tax laws were changed so that $0.50 out of every $1.00 of interest paid by a corporation was allowed as a tax-deductible expense, this would probably encourage companies to use more debt financing than they presently do, other things held constant. 2. The interest and dividends paid by a corporation are considered to be deductible opera ...

Other / Other 26 Mar 2016

How much net operating profit after taxes (NOPAT) does the firm have 1. TSW Inc. had the following data for last year: Net income = $800; Net operating profit after taxes (NOPAT) = $700; Total assets = $3,000; and Total operating capital = $2,000. Information for the just-completed year is as follows: Net income = $1,000; Net operating profit after taxes (NOPAT) = $925; Total assets = $2,600; and Total operating capital = $2,500. How mu ...

Other / Other 26 Mar 2016

By how much did the firm's net income exceed its free cash flow 1. Last year, Michelson Manufacturing reported $10,250 of sales, $3,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges, it had $3,500 of bonds outstanding that carry a 6.5% interest rate, and its federal-plus-state income tax rate was 35%. This year's data are expected to remain unchanged except for one item, de ...

Other / Other 26 Mar 2016

How much total operating capital does the firm have 1. Zumbahlen Inc. has the following balance sheet. How much total operating capital does the firm have? Cash $ 20.00 Accounts payable $ 30.00 Short-term investments 50.00 Accruals 50.00 Accounts receivable 20.00 Notes payable 30.00 Inventory 60.00 Current liabilities $110.00 Current assets $150.00 Long-term debt 70.00 Gross fixed assets $140.00 Common stock 30.00 ...

Other / Other 26 Mar 2016

Which one of the following is NOT the responsibility of service catalogue management 1.Which of the following should IT service continuity strategy be based on? 1. Design of the service metrics 2. Business continuity strategy 3. Business impact analysis (BIA) 4. Risk assessment A. 1, 2 and 4 only The safer , easier way to help you pass any IT exams. 3 / 5 B. 1, 2 and 3 only C. 2, 3 and 4 only D. 1, 3 and 4 only 2.Which stage o ...

Other / Other 26 Mar 2016

Which one of the following do major incidents require 1.A process owner has been identified with an I in a RACI matrix. Which one of the following would be expected of them? A. Be accountable for the outcome of an activity B. Perform an activity C. Be kept up-to-date on the progress of an activity D. Manage an activity 2.Which one of the following do major incidents require? A. Separate procedures The safer , easier way to help y ...

Other / Other 26 Mar 2016