sim project 2

Project Description:

question 1 (1 point)
question 1 unsaved



trevi corporation recently reported an ebitda of $32,800 and $9,700 of net income. the company has $6,600 interest expense, and the corporate tax rate is 35 percent. what was the company’s depreciation and amortization expense?

your answer:question 1 options:


answer
save


question 2 (1 point)
question 2 unsaved



working capital: winston electronics reported the following information at its annual meetings. the company had cash and marketable securities worth $1,236,740, accounts payables worth $4,159,540, inventory of $7,123,060, accounts receivables of $3,488,880, notes payable worth $1,152,690, and other current assets of $122,809. what is the company’s net working capital?

your answer:question 2 options:


answer
save


question 3 (1 point)
question 3 unsaved



the difference between fifo and lifo is fifo refers to the practice of firms, when making sales, assuming that the inventory that came in last (at a higher price) is being sold first. lifo implies that a firm is selling the lower cost, older inventory first, leaving the higher cost, newer inventory on the balance sheet.

question 3 options:

true
false
save


question 4 (1 point)
question 4 unsaved



which of the following balance sheet items generally takes the longest time to convert to cash?

question 4 options:



marketable securities



accounts payable



inventory



accounts receivable

save


question 5 (1 point)
question 5 unsaved



a firm’s net income may be greater than its net cash flows because the firm

question 5 options:



sold merchandise on credit



did not pay dividends



deferred income taxes



deducted depreciation expense

save


question 6 (1 point)
question 6 unsaved



the average tax rate is

question 6 options:



the tax rate that is paid on the last dollar of income earned



always higher than the marginal tax rate



calculated by dividing the total taxes paid by the taxable income



none of the above

save


question 7 (1 point)
question 7 unsaved



if cleveland motors had an ebit of $22,823,900, interest of $7,260,000 and is taxed at an average rate of 32% what is their net income?

your answer:question 7 options:


answer
save


question 8 (1 point)
question 8 unsaved



using the information below -- what was bala industries’ cash flow from financing for the year ending 6/30/2011?

increase in inventories $26

purchased treasury stock $17

purchased property & equipment $21

net income $331

decrease in accrued income taxes $41

depreciation & amortization $117

decrease in accounts payable $10

increase in accounts receivable $34

increase in long-term debt $101

your answer:question 8 options:


answer
save


question 9 (1 point)
question 9 unsaved



which of the following is a tax deductible expense for a corporation?

question 9 options:



common stock



dividends paid



loan principal paid



interest paid

save


question 10 (1 point)
question 10 unsaved



delta ray brands corp. just completed their latest fiscal year. the firm had sales of $16,918,700. depreciation and amortization was $871,400, interest expense for the year was $897,600, and selling general and administrative expenses totaled $1,596,000 for the year, and cost of goods sold was $10,536,200 for the year. assuming a federal income tax rate of 34%, what was the delta ray brands net income after-tax?

your answer:question 10 options:


answer
save
Skills Required:
Project Stats:

Price Type: Fixed

Project Budget: $0 to $10
Completed
Total Proposals: 1
1 Current viewersl
19 Total views
Project posted by:

Proposals

Proposals Reputation Price offered
  • 4.8
    552 Jobs 389 Reviews
    $15 in 1 Day