(x + 2)(x - 6) A. x2-12 B. x2 + 4x -1 2 C. x2 - 4x - 12 D. x2 + 4x + 12

  (x + 2)(x - 6)    



A. x2-12           B. x2 + 4x -1 2           C. x2 - 4x - 12           D. x2 + 4x + 12

Answer
C. x² - 4x - 12

The use of a mission statement ensures that the firm is focused and will seek to be all things to all people. A) True B) False

The use of a mission statement ensures that the firm is focused and will seek to be all things to all people.

		A)	True
		B)	False

Answer
False

The review of an individual’s performance allows the owner to judge how well the company is performing. A) True B) False

The review of an individual’s performance allows the owner to judge how well the company is performing.

		A)	True
		B)	False

Answer
False

Equity investment does not involve selling a percentage of the business to an outside investor. A) True B) False

Equity investment does not involve selling a percentage of the business to an outside investor.

		A)	True
		B)	False

Answer

B)

False

Debt allows the new business to create more loans and equity funding in the business. A) True B) False

Debt allows the new business to create more loans and equity funding in the business.

		A)	True
		B)	False

Answer

B)

False

A strip center generally has anchor stores to draw in customers. A) True B) False

A strip center generally has anchor stores to draw in customers.

		A)	True
		B)	False

Answer

B)

False

____________ demonstrates how a set of activities are dependent upon each other and which activities take the longest time A) Critical path chart B) Pro forma chart C) Activity setting chart D) Production pie chart

____________ demonstrates how a set of activities are dependent upon each other and which activities take the longest time

		A)	Critical path chart
		B)	Pro forma chart
		C)	Activity setting chart
		D)	Production pie chart

Answer

A)	Critical path chart

Last year Jack Company had a net income of $270,000, income tax expense of $50,000, and interest expense of $20,000. The company's times interest earned was closest to: 17.00 10.00 13.50 14.50

Last year Jack Company had a net income of $270,000, income tax expense of $50,000, and interest expense of $20,000. The company's times interest earned was closest to:

	17.00
	10.00
	13.50
	14.50

Answer
17.00

Naser Corporation's total current assets are $390,000, its noncurrent assets are $500,000, its total current liabilities are $330,000, its long-term liabilities are $370,000, and its stockholders' equity is $190,000. Working capital is: $130,000 $60,000 $190,000 $390,000

Naser Corporation's total current assets are $390,000, its noncurrent assets are $500,000, its total current liabilities are $330,000, its long-term liabilities are $370,000, and its stockholders' equity is $190,000. Working capital is:

	$130,000
	$60,000
	$190,000
	$390,000

Answer
$60,000

Iffert Corporation's net income last year was $4,040,000. The dividend on common stock was $6.40 per share and the dividend on preferred stock was $2.30 per share. The market price of common stock at the end of the year was $43.30 per share. Throughout the year, 300,000 shares of common stock and 100,000 shares of preferred stock were outstanding. The dividend payout ratio is closest to: 0.50 0.91 1.02 0.48

Iffert Corporation's net income last year was $4,040,000. The dividend on common stock was $6.40 per share and the dividend on preferred stock was $2.30 per share. The market price of common stock at the end of the year was $43.30 per share. Throughout the year, 300,000 shares of common stock and 100,000 shares of preferred stock were outstanding. The dividend payout ratio is closest to:

	0.50
	0.91
	1.02
	0.48

Answer
0.50

The total assets of the Philbin Company on January 1 were $2.3 million and on December 31 were $2.5 million. Net income was $188,000. Dividends totaled $75,000, interest expense totaled $70,000, and the tax rate was 30%. The return on total assets was closest to: 9.5% 6.8% 9.9% 10.8%

The total assets of the Philbin Company on January 1 were $2.3 million and on December 31 were $2.5 million. Net income was $188,000. Dividends totaled $75,000, interest expense totaled $70,000, and the tax rate was 30%. The return on total assets was closest to:

	9.5%
	6.8%
	9.9%
	10.8%

Answer
9.9%

The following data have been taken from your company's financial records for the current year: Earnings per share …………..$10 Dividend per share …………..$6 Market price per share ……….$90 Book value per share …………$70 The price-earnings ratio is: 1.67 15.0 9.0 7.0

The following data have been taken from your company's financial records for the current year:
Earnings per share …………..$10
Dividend per share …………..$6
Market price per share ……….$90
Book value per share …………$70

 

The price-earnings ratio is:

	1.67
	15.0
	9.0
	7.0

Answer
9.0

The Miller Company paid off some of its accounts payable using cash. The company's current ratio is greater than 1. The company's current ratio would: increase. decrease. remain unchanged. impossible to determine from the information given.

The Miller Company paid off some of its accounts payable using cash. The company's current ratio is greater than 1. The company's current ratio would:

	increase.
	decrease.
	remain unchanged.
	impossible to determine from the information given.

Answer
increase.

Which one of the following would increase the working capital of a company? Cash payment of payroll taxes payable. Refinancing a short-term note payable with a two year note payable. Cash collection of accounts receivable. Payment of a 20-year mortgage payable with cash.

hich one of the following would increase the working capital of a company?

	Cash payment of payroll taxes payable.
	Refinancing a short-term note payable with a two year note payable.
	Cash collection of accounts receivable.
	Payment of a 20-year mortgage payable with cash.

Answer

Refinancing a short-term note payable with a two year note payable.

Earnings per share of common stock will immediately increase as a result of: the sale of additional shares of common stock by the company. an increase in the dividends paid to common stockholders by the company. an increase in the company's net income. the issuance of bonds by the company to finance construction of new buildings.

Earnings per share of common stock will immediately increase as a result of:

	the sale of additional shares of common stock by the company.
	an increase in the dividends paid to common stockholders by the company.
	an increase in the company's net income.
	the issuance of bonds by the company to finance construction of new buildings.

Answer
an increase in the company's net income.

Which of the following accounts would be included in the calculation of the acid-test ratio? Account Receivable Prepaid Expense Inventory A) Yes Yes No B) No Yes Yes C) No No Yes D) Yes No No Choice A Choice B Choice C Choice D Tutorial $1.00 Which of the following accounts would be included in the calculation of the acid-test ratio? This tutorial hasn't been purchased yet. Posted on Dec 13, 2011 at 12:31:24PM You provided this tutorial. You may view this tutorial, alter the bounty, append information or delete the whole thing if you like. A: Preview: ... Yes Yes C) No No Yes D)

Which of the following accounts would be included in the calculation of the acid-test ratio?
    
         Account Receivable  Prepaid Expense Inventory
A)    Yes                         Yes                         No
B)    No                          Yes                          Yes
C)    No                           No                            Yes
D)    Yes                          No                            No

 

	Choice A
	Choice B
	Choice C
	Choice D

Answer
Choice D

Hamblet Corporation's net cash provided by operating activities was $125; its net income was $97; its capital expenditures were $133; and its cash dividends were $23. The company's free cash flow was: -$66 -$31 -$378 $74

Hamblet Corporation's net cash provided by operating activities was $125; its net income was $97; its capital expenditures were $133; and its cash dividends were $23. The company's free cash flow was:

	-$66
	-$31
	-$378
	$74

Answer
-$31

Hutchings Corporation's net cash provided by operating activities was $137; its capital expenditures were $37; and its cash dividends were $21. The company's free cash flow was: $79 $100 $116 $195

Hutchings Corporation's net cash provided by operating activities was $137; its capital expenditures were $37; and its cash dividends were $21. The company's free cash flow was:

	$79
	$100
	$116
	$195

Answer
$79

Financial statements of Farnham Corporation follow: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 30 $ 47 Accounts receivable 37 49 Inventory 41 52 Plant and equipment 611 573 Less accumulated depreciation 298 281 Total assets $421 $440 Liabilities and stockholders’ equity: Accounts payable $ 45 $ 33 Long-term debt 136 151 Common stock 56 48 Retained earnings 232 208 Total liabilities and stockholders’ equity $421 $440 Income Statement Sales $341 Cost of goods sold 212 Gross margin 129 Selling and administrative expense 99 Net operating income 30 Income taxes 2 Net income $ 28 Cash dividends were $4. The net cash provided by (used in) operations for the year was: $80 $60 $43 $35 The net cash provided by (used in) investing activities for the year was: ($21) $21 ($38) $38

Financial statements of Farnham Corporation follow:

Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Cash and cash equivalents	$ 30	$ 47
Accounts receivable	37	49
Inventory	41	52
Plant and equipment	611	573
Less accumulated depreciation	298	281
Total assets	$421	$440
Liabilities and stockholders’ equity:
Accounts payable	$ 45	$ 33
Long-term debt	136	151
Common stock	56	48
Retained earnings	232	208
Total liabilities and stockholders’ equity	$421	$440

Income Statement
Sales	$341
Cost of goods sold	212
Gross margin	129
Selling and administrative expense	99
Net operating income	30
Income taxes	2
Net income	$ 28

Cash dividends were $4.

The net cash provided by (used in) operations for the year was:

	$80
	$60
	$43
	$35

Answer
$80
The net cash provided by (used in) investing activities for the year was:

	($21)
	$21
	($38)
	$38

Answer
($38)

Spanner Company recorded the following events last year: Issuance of shares of the company’s own common stock $164,000 Purchase of bonds issued by other companies $82,000 Dividends paid to the company’s own shareholders $35,000 Dividends received from investments in other companies’ shares $8,900 Repayment of principal on the company’s own bonds $150,000 Interest paid on the company’s own bonds $17,300 Collection of the principal amount of a loan made to another company $111,000 Purchase of equipment $357,000 On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities. Based solely on the information above, the net cash provided by (used in) financing activities on the statement of cash flows would be: $(38,300) $(21,000) $90,900 $925,200 Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be: $(328,000) $925,200 $(439,000) $550,000

Spanner Company recorded the following events last year:

Issuance of shares of the company’s own common stock	$164,000
Purchase of bonds issued by other companies	$82,000
Dividends paid to the company’s own shareholders	$35,000
Dividends received from investments in other companies’ shares	$8,900
Repayment of principal on the company’s own bonds	$150,000
Interest paid on the company’s own bonds	$17,300
Collection of the principal amount of a loan made to another company	$111,000
Purchase of equipment	$357,000

On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.

Based solely on the information above, the net cash provided by (used in) financing activities on the statement of cash flows would be:

	$(38,300)
	$(21,000)
	$90,900
	$925,200

Answer
$(21,000)

Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be:

	$(328,000)
	$925,200
	$(439,000)
	$550,000

Answer
$(328,000)

Megenity Company's net income last year was $195,300. Changes in the company's balance sheet accounts for the year appear below: Increases (Decreases) Debit balances: Cash $6,100 Accounts receivable $(8,200) Inventory $(6,600) Prepaid expenses $0 Long-term investments $50,100 Plant and equipment $46,300 Credit balances: Accumulated depreciation $58,600 Accounts payable $(14,600) Accrued liabilities $10,200 Taxes payable $9,900 Bonds payable $(78,600) Deferred taxes $12,200 Common stock $19,600 Retained earnings $70,400 The company declared and paid cash dividends of $131,000 last year. The net cash provided by (used in) operating activities last year was: $253,900 $286,400 $195,300 $227,800 The net cash provided by (used in) investing activities last year was: $97,000 $(96,400) $(77,400) $76,200 The net cash provided by (used in) financing activities last year was: $(190,000) $(59,000) $190,000 $59,000 No plant and equipment was disposed of during the year. The free cash flow for the year was: $155,400 $463,700 $240,100 $109,100

Megenity Company's net income last year was $195,300. Changes in the company's balance sheet accounts for the year appear below:

	Increases
	(Decreases)
Debit balances:
Cash	$6,100
Accounts receivable	$(8,200)
Inventory	$(6,600)
Prepaid expenses	$0
Long-term investments	$50,100
Plant and equipment	$46,300
Credit balances:
Accumulated depreciation	$58,600
Accounts payable	$(14,600)
Accrued liabilities	$10,200
Taxes payable	$9,900
Bonds payable	$(78,600)
Deferred taxes	$12,200
Common stock	$19,600
Retained earnings	$70,400

The company declared and paid cash dividends of $131,000 last year.

The net cash provided by (used in) operating activities last year was:

	$253,900
	$286,400
	$195,300
	$227,800

Answer
$286,400

The net cash provided by (used in) investing activities last year was:

	$97,000
	$(96,400)
	$(77,400)
	$76,200

Answer
$(96,400)

The net cash provided by (used in) financing activities last year was:

	$(190,000)
	$(59,000)
	$190,000
	$59,000

Answer
$(190,000)

No plant and equipment was disposed of during the year. The free cash flow for the year was:

	$155,400
	$463,700
	$240,100
	$109,100

Answer
$109,100