QUESTION 7 Depreciation expense is a use of funds True False QUESTION 8 A firm's operating...
QUESTION 7 Depreciation expense is a use of funds True False
QUESTION 8 A firm's operating profit is equal to its EBIT True False
QUESTION 9 Accrulas for a company are payables for serivces already rendered True False
Homework Answers
The correct answers to the given questions are:
Question 7 - False
Question 8 - True
Question 9 - True
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QUESTION 7 Depreciation expense is a use of funds True False
QUESTION 8 A firm's operating...
Question 7 (1 point) Depreciation is an expense that has no effect on cash flow. True...
Question 7 (1 point) Depreciation is an expense that has no effect on cash flow. True False Question 8 (1 point) The Statement of Cash Flows includes both cash and cash equivalents when reporting cash flows True O False Question 9 (1 point) 'Investing activities occur when the owners of the business invest more cash in the business. True False Question 10 (1 point) Information to prepare the statement of cash flows usually comes from comparative balance sheets and the...
True or False: Fund accounting is used by investor-owned (for-profit) businesses to differentiate between operating funds...
True or False: Fund accounting is used by investor-owned (for-profit) businesses to differentiate between operating funds and retirement funds. ○ True ○ False
7,8,9) Question 7 2 pts The normal balance of the accumulated depreciation account is a debit...
7,8,9)
Question 7 2 pts The normal balance of the accumulated depreciation account is a debit True False Question 8 2 pts It is necessary for a company to use the same depreciation method for all of its depreciable assets True False Question 9 2 pts The difference between the balance in a fixed asset account and its related accumulated depreciation account is the asset's book value True False
524257 374554 10000 5000 29408 1000 Sales Operating Costs Depreciation Expense Interest Expense Tax Expense Cash...
524257 374554 10000 5000 29408 1000 Sales Operating Costs Depreciation Expense Interest Expense Tax Expense Cash Receivables Inventories Fixed Assets, Net Payables Accrued Expenses Long-Term Loan Common Equity 30000 62425 50000 11000 10000 50000 72425 5. Ratio of total debt and liabilities to shareholder's equity 6. Interest coverage 7. Net profit margin 8. Sales to total assets (Asset turnover) 9. Return on assets 10. Equity multiplier 11. Return on equity
1. Operating expenses include cost of goods sold. A) True B) False 2. For a merchandising...
1. Operating expenses include cost of goods sold. A) True B) False 2. For a merchandising company, the difference between net sales and operating expensesi. called gross margin. A) True B) False 3. Sales Returns and Allowances is described as a contra-revenue account. A) True B) False 4. Freight Out Expense is included in the cost of goods sold calculation. A) True B) False 5. General and administrative expenses are a category of operating expense. A) True B). False 6....
524257 374554 10000 5000 29408 1000 Sales Operating Costs Depreciation Expense Interest Expense Tax Expense Cash...
524257 374554 10000 5000 29408 1000 Sales Operating Costs Depreciation Expense Interest Expense Tax Expense Cash Receivables Inventories Fixed Assets, Net Payables Accrued Expenses Long-Term Loan Common Equity 30000 62425 50000 11000 10000 50000 72425 Assignment: Prepare an income statement and a balance sheet for is company using the information provided. Calculate: 1. Current ratio 2. Quick ratio 3. NWC-to-total-Assets (Working capital to assets) 4. Ratio of total debt and liabilities to total assets 5. Ratio of total debt and...
1. True or False? The larger the firm's TIE ratio, the less times a firm can...
1. True or False? The larger the firm's TIE ratio, the less times a firm can pay its interest expenses. 2. True or False? Your firm has a debt to equity ratio of 55%, and its biggest competitor has a debt to equity ratio of 66%. Based on this information, your firm is less levered. 3. True or False? A dividend payout ratio larger than 50% indicates a firm retains more than it pays out to shareholders. 4. True or...
511770 367062 10000 5000 29408 1000 Sales Operating Costs Depreciation Expense Interest Expense Tax Expense Cash...
511770 367062 10000 5000 29408 1000 Sales Operating Costs Depreciation Expense Interest Expense Tax Expense Cash Receivables Inventories Fixed Assets, Net Payables Accrued Expenses Long-Term Loan Common Equity 30000 61177 50000 11000 10000 50000 71177 1. Current ratio 2. Quick ratio 3. NWC-to-total-Assets (Working capital to assets) 4. Ratio of total debt and liabilities to total assets 5. Ratio of total debt and liabilities to shareholder's equity 6. Interest coverage 7. Net profit margin 8. Sales to total assets (Asset...
484283 350570 10000 5000 29408 1000 Sales Operating Costs Depreciation Expense Interest Expense Tax Expense Cash...
484283 350570 10000 5000 29408 1000 Sales Operating Costs Depreciation Expense Interest Expense Tax Expense Cash Receivables Inventories Fixed Assets, Net Payables Accrued Expenses Long-Term Loan Common Equity 30000 58428 50000 11000 10000 50000 68428 1. Current ratio 2. Quick ratio 3. NWC-to-total-Assets (Working capital to assets) 4. Ratio of total debt and liabilities to total assets 5. Ratio of total debt and liabilities to shareholder's equity 6. Interest coverage 7. Net profit margin 8. Sales to total assets (Asset...
5) Iris Income Statement Cost of Goods Sold 320 Depreciation Expense 35 Interest Expense 20 Operating...
5) Iris Income Statement Cost of Goods Sold 320 Depreciation Expense 35 Interest Expense 20 Operating Expense (excluding depreciation) 115 Sales 690 What was Iris Inc's earnings before interest and taxes (EBIT) 6) Iris Balance Sheet Accounts Payable and Accruals 65 Accounts Receivable 63 Accumulated Depreciation (175) Cash 31 Common Stock 120 Fixed Assets (gross) 390 Inventory 129 Long-Term Debt 200 Retained Earnings 65 What is Iris Inc.'s Total Assets? 7) Flying Tigers, Inc., has net sales of $796,000 and...
Question 7 (1 point) Depreciation is an expense that has no effect on cash flow. True False Question 8 (1 point) The Statement of Cash Flows includes both cash and cash equivalents when reporting cash flows True O False Question 9 (1 point) 'Investing activities occur when the owners of the business invest more cash in the business. True False Question 10 (1 point) Information to prepare the statement of cash flows usually comes from comparative balance sheets and the...
True or False: Fund accounting is used by investor-owned (for-profit) businesses to differentiate between operating funds and retirement funds. ○ True ○ False
7,8,9)
Question 7 2 pts The normal balance of the accumulated depreciation account is a debit True False Question 8 2 pts It is necessary for a company to use the same depreciation method for all of its depreciable assets True False Question 9 2 pts The difference between the balance in a fixed asset account and its related accumulated depreciation account is the asset's book value True False
524257 374554 10000 5000 29408 1000 Sales Operating Costs Depreciation Expense Interest Expense Tax Expense Cash Receivables Inventories Fixed Assets, Net Payables Accrued Expenses Long-Term Loan Common Equity 30000 62425 50000 11000 10000 50000 72425 5. Ratio of total debt and liabilities to shareholder's equity 6. Interest coverage 7. Net profit margin 8. Sales to total assets (Asset turnover) 9. Return on assets 10. Equity multiplier 11. Return on equity
1. Operating expenses include cost of goods sold. A) True B) False 2. For a merchandising company, the difference between net sales and operating expensesi. called gross margin. A) True B) False 3. Sales Returns and Allowances is described as a contra-revenue account. A) True B) False 4. Freight Out Expense is included in the cost of goods sold calculation. A) True B) False 5. General and administrative expenses are a category of operating expense. A) True B). False 6....
524257 374554 10000 5000 29408 1000 Sales Operating Costs Depreciation Expense Interest Expense Tax Expense Cash Receivables Inventories Fixed Assets, Net Payables Accrued Expenses Long-Term Loan Common Equity 30000 62425 50000 11000 10000 50000 72425 Assignment: Prepare an income statement and a balance sheet for is company using the information provided. Calculate: 1. Current ratio 2. Quick ratio 3. NWC-to-total-Assets (Working capital to assets) 4. Ratio of total debt and liabilities to total assets 5. Ratio of total debt and...
511770 367062 10000 5000 29408 1000 Sales Operating Costs Depreciation Expense Interest Expense Tax Expense Cash Receivables Inventories Fixed Assets, Net Payables Accrued Expenses Long-Term Loan Common Equity 30000 61177 50000 11000 10000 50000 71177 1. Current ratio 2. Quick ratio 3. NWC-to-total-Assets (Working capital to assets) 4. Ratio of total debt and liabilities to total assets 5. Ratio of total debt and liabilities to shareholder's equity 6. Interest coverage 7. Net profit margin 8. Sales to total assets (Asset...
484283 350570 10000 5000 29408 1000 Sales Operating Costs Depreciation Expense Interest Expense Tax Expense Cash Receivables Inventories Fixed Assets, Net Payables Accrued Expenses Long-Term Loan Common Equity 30000 58428 50000 11000 10000 50000 68428 1. Current ratio 2. Quick ratio 3. NWC-to-total-Assets (Working capital to assets) 4. Ratio of total debt and liabilities to total assets 5. Ratio of total debt and liabilities to shareholder's equity 6. Interest coverage 7. Net profit margin 8. Sales to total assets (Asset...
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