MGMT640 MIDTERM - March 2017

Asked by bizgrad
Dated: 18th Mar'17 04:23 AM
Bounty offered: $40.00

question:

The Florida lottery agrees to pay the winner $275,000 at the end of each year for the next 20 years. What is the future value of this prize if each payment is put in an account earning 0.08

question:

The following items are components of a traditional balance sheet. How much are the total assets of the firm?

Plant and equipment

$41,300

Common stock

15,000

Cash

7,800

Inventory

23,600

Bad debt reserve

6,000

Paid in excess

6,000

Accumulated depreciation

28,200

Accounts receivable

22,000

Question:

A firm’s current ratio is 1.8, and its quick ratio is 1.0. If its current liabilities are $13,900, what are its inventories?


Question:

Iris Income Statement

Cost of Goods Sold

350

Depreciation Expense

35

Interest Expense

20

Operating Expense (excluding depreciation)

115

Sales

700

What was Iris Inc.’s earnings before interest and
taxes (EBIT)?


Question:

During the last year, Sigma Co had Net Income of $140, paid $16 in dividends, and sold new stock for $33. Beginning equity for the year was $600. Ending equity was


Question

Iris Balance Sheet

Accounts Payable and accurals

65

Accounts Receivable

63

Accumulated Depreciation

(175)

Cash

27

Common Stock

120

Fixed Assets (gross)

390

Inventory

126

Long-Term Debt

200

Retained Earnings

65

What is Iris Inc.’s Total Assets?


Question:

Reagan Corp. has reported a net income of $837,800 for the year. The company's share price is $13.56, and the company has 321,050 shares outstanding. Compute the firm's price-earnings ratio.


Question


When evaluating a statement of cashflows, which of the following would be considered an example of cash flow from financial activities?

1. Depreciation

2. Capital expenditure

3. Repayment of bank loan

4. All of the above.


Question

When reviewing a balance sheet, which of the following items would you expect to find under assests?

1. Cash

2. Accounts payable

3. Inventory

4. A&B

5. A&C


Question

Book value is the value of the company according to its balance sheet.Market value is the value of the company in the eyes of the stock market?True or false?

MGMT640 MIDTERM
Answered by bizgrad
Expert Rating: 2016 Ratings
Dated: 18th Mar'17 04:23 AM
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Tutorial Rating: Not Rated
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