Business Finance Test 1 – Study Guide & Practice Questions.pdf Business Finance Test 1 – Study Guide & Practice Questions.pdf Business Finance Test 1 – Study Guide & Practice Questions.pdf
Business Finance Test 1 –
Study Guide & Practice
Questions
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Business Finance Test 1 – Study Guide & Practice Questions.pdf Business Finance Test 1 – Study Guide & Practice Questions.pdf Business Finance Test 1 – Study Guide & Practice Questions.pdf
,Business Finance Test 1.pdf Business Finance Test 1.pdf Business Finance Test 1.pdf
Terms in this set (30)
For the past year, Kayla, Inc., has sales of $44,627, C. $15,003
interest expense of $3,152, cost of goods sold of
$15,084, selling and administrative expense of $10,911, EBIT = $44,627 − 15,084 − 10,911 − 5,110 = $13,522
and depreciation of $5,110. If the tax rate is 35
percent, what is the operating cash flow? EBT = $13,522 − 3,152 = $10,370
A. $11,851
B. $13,630 Taxes = $10,370(.35) = $3,630
C. $15,003
D. $6,741 OCF = $13,522 + 5,110 − 3,630 = $15,003
E. $10,370
Business Finance Test 1.pdf Business Finance Test 1.pdf Business Finance Test 1.pdf
, Business Finance Test 1.pdf Business Finance Test 1.pdf Business Finance Test 1.pdf
A company has $565 in inventory, $1,840 in net fixed E. $916
assets, $246 in accounts receivable, $105 in cash, and
$282 in accounts payable. What are the company's Current assets = $105 + 246 + 565 = $916
total current assets?
A. $670
B. $2,756
C. $952
D. $1,198
E. $916
Business Finance Test 1.pdf Business Finance Test 1.pdf Business Finance Test 1.pdf
Business Finance Test 1 –
Study Guide & Practice
Questions
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Business Finance Test 1 – Study Guide & Practice Questions.pdf Business Finance Test 1 – Study Guide & Practice Questions.pdf Business Finance Test 1 – Study Guide & Practice Questions.pdf
,Business Finance Test 1.pdf Business Finance Test 1.pdf Business Finance Test 1.pdf
Terms in this set (30)
For the past year, Kayla, Inc., has sales of $44,627, C. $15,003
interest expense of $3,152, cost of goods sold of
$15,084, selling and administrative expense of $10,911, EBIT = $44,627 − 15,084 − 10,911 − 5,110 = $13,522
and depreciation of $5,110. If the tax rate is 35
percent, what is the operating cash flow? EBT = $13,522 − 3,152 = $10,370
A. $11,851
B. $13,630 Taxes = $10,370(.35) = $3,630
C. $15,003
D. $6,741 OCF = $13,522 + 5,110 − 3,630 = $15,003
E. $10,370
Business Finance Test 1.pdf Business Finance Test 1.pdf Business Finance Test 1.pdf
, Business Finance Test 1.pdf Business Finance Test 1.pdf Business Finance Test 1.pdf
A company has $565 in inventory, $1,840 in net fixed E. $916
assets, $246 in accounts receivable, $105 in cash, and
$282 in accounts payable. What are the company's Current assets = $105 + 246 + 565 = $916
total current assets?
A. $670
B. $2,756
C. $952
D. $1,198
E. $916
Business Finance Test 1.pdf Business Finance Test 1.pdf Business Finance Test 1.pdf
