FIN 3403 Principles of Financial Mgmt (Spring 2015) Chapter 2 Quiz

| June 10, 2016

Question
Review Test Submission: Chapter 2 Quiz

Course Principles of Financial Mgmt [Spring 2015]

Test Chapter 2 Quiz

• Question 1

1 out of 1 points

At the beginning of the year, long-term debt of a firm is $68,700 and total debt is $71,425. At the end of the year, long-term debt is $92,460 and total debt is $95,609. The interest paid is $5,412. What is the amount of the cash flow to creditors?

• Question 2

1 out of 1 points

A firm has $680 in inventory, $2,320 in fixed assets, $280 in accounts receivables, $490 in accounts payable, and $130 in cash. What is the amount of the current assets?

• Question 3

1 out of 1 points

Which term relates to the cash flow which results from a firm’s ongoing, normal business activities?

• Question 4

1 out of 1 points

Toby’s Pizza has total sales of $987,611 and costs of $724,268. Depreciation is $39,740 and the tax rate is 34 percent. The firm does not have any interest expense. What is the operating cash flow?

• Question 5

1 out of 1 points

Your _____ tax rate is the amount of tax payable on the next taxable dollar you earn.

• Question 6

1 out of 1 points

Cash flow to stockholders is defined as the:

• Question 7

1 out of 1 points

RDJ Manufacturing had 4 million shares of stock outstanding at the end of 2001. During 2001, the company reported net income of $20 million, retained earnings of $12 million, and $8 million in dividends paid. What is RDJ’s earnings per share?

• Question 8

1 out of 1 points

Which of the following are included in current assets?

I. retained earnings

II. inventory

III. accounts payable

IV. cash

• Question 9

1 out of 1 points

The net total cash flow of a firm which is available for distribution to the firm’s creditors and stockholders is called the:

• Question 10

1 out of 1 points

Amy’s Dress Shoppe has sales of $421,000 with costs of $342,000. Interest expense is $18,000 and depreciation is $33,000. The tax rate is 34 percent. What is the net income?

• Question 11

1 out of 1 points

Net working capital is defined as:

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