FIN3704 ASSESSMENT 1 SEM 2 OF 2024 EXPECTED QUESTIONS AND SOLUTIONS

When the account receivable increases from the previous year to the current year in
the balance sheet, which sign do we apply?




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a. Division sign
b. Multiplication sign

c. Negative sign
d. Positive sign

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,In the cash flow statement context, cash flows from operations refer to the….




a. Those cash flows generated from investments or dis-investments in the long-term assets
b. Cash flows result from obtaining or repaying short-term capital.

c. Cash flows are generated by the firm in the ordinary course of conducting its business.
d. Cash flows result from obtaining or repaying long-term capital.

, Which one of the following formulas is correct when calculating Lwazi Products
International 2021 net profit margin B6 using an excel worksheet?

a. ='Income Statement'!B15/'Income Statement'!B4



b.
='Income Statement'!B15/'Income Statement'!B7


c. ='Income Statement'!B15/'Income Statement'!B6



d.
='Income Statement'!B15/'Income Statement'!B5



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