2 ) A 30-year mortgage loan taken on by a storage company to purchase a warehouse is a ________.

Group of answer choices

long-term asset

current liability

current asset

long-term liability

accounts payable

3) Use the financial statements for Global Corporation from the videos or chapter notes. Given the data reported for 2018, the working capital for the company in 2018 would be closest to:

Group of answer choices:

$78.0 mil.

$29.7 mil.

$48.0 mil.

$18.3 mil.

$20.5 mil.

4) Assume that at the end of 2018, Global Corporation had 3.6 million shares outstanding which traded at $8 per share on a stock exchange. Given the financial statements for Global Corporation that were used in the videos and lecture notes, what was the market-to-book of Global at that time?

Group of answer choices

0.74

$ 21.2 mil

1.36

$ 28.8 mil.

3.60

5) Assume that at the end of 2018, Global Corporation had 3.6 million shares outstanding which traded at $8 per share on a stock exchange. Given the financial statements for Global Corporation that were used in the videos and lecture notes, what was the enterprise value of Global at that time?

Group of answer choices

$ 126.0 mil.

$ 86.3 mil.

$ 106.8 mil.

$ 89.5 mil.

$ 136.5 mil.

6) All of the following is a source of cash except:

Group of answer choices

increase in accounts payable

increase in common stock

decrease in inventory

increase in short-term debt

increase in accounts receivable

7) Assume Global could increase it's annual depreciation in 2019 by $1 million. If Global's tax rate is 26%, what would be the effect of this depreciation increase on Global's cash at the end of the year?

Group of answer choices

It would not change because depreciation is a non-cash expenditure.

It would increase by $ 740 thousand because of the extra after-tax depreciation benefit.

It would decrease by $ 740 thousand because of the extra after-tax depreciation expense.

If would increase by $ 260 thousand because of the tax savings on extra depreciation.

It would decrease by $ 1 million because of the added depreciation expense.