QUESTION 2

1. If you place the cursor on column D and insert a column you will have a blank column in column D and the data will shift to the

   		right
   		left
   		top
   		the data will not move

QUESTION 6

1. The unadjusted cash balance is what the cash balance would be if the firm did not have any short-term borrowing during the month.

   True

   False

QUESTION 12

1. The break-even point is the level of sales (in units or dollars) that causes profits, however, measured, to be equal to zero.

   True

   False

2.5 points

QUESTION 13

1. Operating leverage is similar to financing leverage but the fixed costs we are interested in are fixed financing costs such as interest expense.

   True

   False

2.5 points

QUESTION 14

1. As sales increase above the break-even point, leverage will increase regardless of the measure being used.

   True

   False

2.5 points

QUESTION 15

1. Refer to the following selected financial information from McCor, LLC.

   1	A	B
   2	Cash	$37,500
   3	Short-term investments	50,000
   4	Accounts receivable, net	21,000
   5	Inventory	43,560
   6	Supplies	5,500
   7	Plant assets	505,000
   8	Accounts Payable	110,000

   Using an Excel formula, how would you calculate the Acid-test ratio using the above cells?

   		=B8/B2
   		=SUM(B2:B6)/B8
   		=B8/SUM(B2:B7)
   		=SUM(B2:B4)/B8

2.5 points

QUESTION 16

1. To use Goal Seek you must have a target cell that contains a formula and another cell on which it depends.

   True

   False