Cash receipts from interest and dividends

Assignment Help Finance Basics
Reference no: EM1315844

Cash flows statements, types of activities, vertical analysis of statements, Price earnings ratio and Basic accounting equation.

1.  Cash receipts from interest and dividends are classified as

a.         financing activities.

b.        investing activities.

c.         operating activities.

d.        either financing or investing activities.

2. When equipment is sold for cash, the amount received is reflected as a cash

a.         inflow in the operating section.

b.        inflow in the financing section.

c.         inflow in the investing section.

d.        outflow in the operating section.

 3.  Assume the following sales data for a company:

  2003    $1,200,000

  2002    960,000
  2001    840,000 
  2000    600,000
  If 2000 is the base year, what is the percentage increase in sales from 2000 to 2002? 

a.         100%

b.        160%

c.         70%

d.        60.0%

4.  In performing a vertical analysis, the base for cost of goods sold is

a.         total selling expenses.

b.        net sales.

c.         total revenues.

d.        total expenses.

5.  Terry Corporation's price-earnings ratio is

a.         3.8 times.

b.        15 times.

c.         18.8 times.

d.        6 times.

6.  The Securities and Exchange Commission has the authority to establish generally accepted accounting principles for

a.         all businesses.

b.        all corporations.

c.         corporations whose stock is publicly owned.

d.        only partnerships.

7.  An incomplete balance sheet for Software Square Company is presented below:

Software Square Company

Balance Sheet

March 31, 2002

Assets

Liabilities and Stockholders\\' Equity

Cash

$ ?

Notes payable

$45,000

Accounts receivable

10,000

Building

50,000

Stockholders' equity


Capital stock

$ ?

Retained earnings

11,000

If the firm issued capital stock for cash in the amount of $70,000, then the cash on hand must be :

a.         $65,000

b.        $66,000

c.         $70,000

d.        $115,000

e.         Cannot be determined from the above information.

8. Kenny Tieg Corporation had total assets of $200,000 and stockholders' equity of $104,000 at the beginning of the year. During the year, assets increased by $26,000 and liabilities decreased by $41,000. Stockholders' equity at the year's end totaled:

a.         $185,000

b.        $171,000

c.         $169,000

d.        $89,000

e.         $67,000

9.   The B-Bop Corporation began the current year with assets of $250,000 and liabilities of $170,000. During the year, stockholders' equity increased by $50,000 and liabilities decreased by $20,000. Total assets

a.         increased by $50,000.

b.        increased by $30,000.

c.         increased by $70,000.

d.        decreased by $30,000.

e.         decreased by $70,000.

10.  The following transactions were extracted from the accounting records of Tyvall Corporation: Borrowed $150,000 from a bank. Collected $30,000 from a sale made in March. Sold $35,000 in cash and $65,000 on account. Tyvall's revenues for the month of April were:

a.         $280,000

b.        $215,000

c.         $100,000

d.        $130,000

e.         $245,000

Reference no: EM1315844

Reviews

Write a Review

 

Finance Basics Questions & Answers

  Probability that selected person sleeps more than 8 hours

Compute the probability that random selected person sleeps more than 8 hours?

  Computation of first three years schedule of loan

Computation of first three years schedule of loan and the requires that Dagnay pay off the loan over a twenty-year period

  Objective type question on currency exchange rates

Objective type question on currency exchange rates and foreign subsidiaries and When an MNC cannot produce an actual product in a foreign subsidiary due to political restrictions

  Computation of current price of stock

Computation of current price of stock and The current risk-free rate of return is 5% and the market risk premium is 8%

  Describe capital budgeting involves calculation

Describe Capital budgeting involves calculation of net present value of Avanti, Inc. is considering investing in a new telephone product.

  The demand for milk is more elastic than demand for water

The demand for milk is more elastic than the demand for water. Assume the government levies an equivalent tax on milk also water.

  Describe capital budgeting decision

Describe Capital budgeting decision based on net present value and Should the new machine be purchased

  Computation of value of the bond

Computation of value of the bond and what will happen to the equilibrium term structure according to the Expectations Hypothesis

  Computation of hpr listed price of a bond and value

Computation of HPR listed price of a bond and value of put option and You put up $50 at the beginning of the year for an investment

  Computation of interest charges using degree

Computation of interest charges using degree of combined leverage and what will be the new level of annual interest charges

  Calculation of price of preferred stock with given data''s

Calculation of price of preferred stock with given data's and Compute the price of the preferred stock

  Describe capital budgeting decision based net present value

Describe Capital budgeting decision based on net present value

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd