Which of the following is NOT debt? 1. preffered stock 2. bonds 3. bank loans 4. accounts payable

Which of the following is NOT debt?

1. preffered stock   2. bonds   3. bank loans   4. accounts payable

Answer
preffered stock

The current ratio is: 1. current liabilities/current assets 2. current liabilites-long term liabilities/assets 3. current assets/current liabilities 4. current assets-receivables/current liabilities

The current ratio is:

1. current liabilities/current assets   2. current liabilites-long term liabilities/assets   3. current assets/current liabilities   4. current assets-receivables/current liabilities

Answer
current assets/current liabilities

Which of the following is NOT a source of cash flows? 1. Operating activities 2. working capital 3. investment activities 4. financing activities

Which of the following is NOT a source of cash flows?

1. Operating activities   2. working capital   3. investment activities   4. financing activities

Answer

2.	working capital

Depreciation if used in figuring cash flows. True Flase

Depreciation if used in figuring cash flows.

1. True
2. Flase

Answer
Flase

The _____ statment shows where money actually comes and goes. 1. income 2. balance sheet 3. net operations 4. cash flows

The _____ statment shows where money actually comes and goes.

1. income   2. balance sheet   3. net operations   4. cash flows

Answer

4.	cash flows

The main DISADVANTAGE to a corporation is 1. limited liability 2. more complicated taxes 3. difficulty to set up 4. double taxation

The main DISADVANTAGE to a corporation is

1. limited liability   2. more complicated taxes   3. difficulty to set up   4. double taxation

Answer
double taxation

You buy a new car and finance $20,000 at 6% interest. Assuming you want a 5 year loan, your monthly payment should be: 1. 301 2. 386 3. 445 4. 501 5. 722

You buy a new car and finance $20,000 at 6% interest. Assuming you want a 5 year loan, your monthly payment should be:

1. 301   2. 386   3. 445   4. 501   5. 722

Answer
386