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During a given fiscal year, a firm's cash position changed by $3,403; liabilities changed by $25,432 and shareholder's equity changed by $17,341. What was the change in non-cash assets?
A. $46,176
B. $39,370
C. $56,186
D. $51,176
Rector Corporation, which is currently operating at full capacity, has sales of $29,000, current assets of $1,600, current liabilities of $1,200, net fixed assets of $27,500, and a 5 percent profit margin. The firm does not pay any dividends. Sales a..
Fama’s Llamas has a weighted average cost of capital of 10.2 percent. The company’s cost of equity is 14 percent, and its cost of debt is 8.2 percent. The tax rate is 35 percent. What is Fama’s debt–equity ratio?
You opened a savings account at a bank and made an initial deposit. The account pays 8% interest compounded annually. You made no additional deposits and in exactly one year you close the account and take out off of the money. The balance at the time..
Beginning three months from now, you want to be able to withdraw $3,600 each quarter from your bank account to cover college expenses over the next four years. If the account pays .76 percent interest per quarter, how much do you need to have in your..
Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 10%. The bonds sell at a price of $850. What is their yield to maturity?
Kolby’s Korndogs is looking at a new sausage system with an installed cost of $655,000. This cost will be depreciated straight-line to zero over the project’s five-year life, at the end of which the sausage system can be scrapped for $107,000. If the..
What types of economic evaluations should Shadyville use to rationalize the decision between the implementation of Contingency Plan 1 and Contingency Plan 2? Why?
Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $22 million, of which 70% has been depreciated. The used equipment can be sold today for $7.7 million, and its tax rate is 35%. What is the equipment'..
Objective of financial statements is to provide information about the financial position, performance and changes in financial position of an entity that is useful to a wide range of users in making economic decisions
Your mother is trying to choose one of the following bank CDs to deposit $10,000. Which will have the highest future value if she plans to invest for three years? (A) 3.50% compounded daily (B) 3.25% compounded monthly (C) 3.40% compounded quarterly ..
On July 1, 2012, Watson Company received a $20,000 promissory note for services from Jeffs Company. The annual interest rate is 5%. Principal and interest are paid in cash at the maturity date of June 30, 2013. Assets decrease and owners' equity decr..
Tanner Tavern writes four checks a day for an average amount of $5,400 each. These checks generally clear the bank four days after they are written. In addition, the firm generally receives and deposits checks amounting to $18,700 each day. All depos..
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