HW 1 Video Questions
From the income statement, the corporation had a net income of $724 million for the year. Total dividends were $106 million. There were 400 million shares outstanding. How much is the dividends per share?
$0.265
The Balance Sheet Identity is:
Assets = Liabilities + Owners Equity
The size of a company's tax bill is determined by the tax_________.
Code
T/F Net working capital represents current assets plus current liabilities.
False
Growth can summarize various aspects of a firm's __________ and ___________ policies.
Financial, investment
You are analyzing the Statement of Cash flows for Coffey Corporation. You have the following information: Beginning Cash: $220 Operating Activity: $497 Investment Activity $598 Financing Activity: −$212 Calculate the Net cash increase/decrease:
Increase: $883
When considering Net Working Capital, a project will generally need all of the following, except:
Only long-term assets to get the project started.
The Statement of Cash Flows has all of the following categories, except:
Standard
When evaluating financial planning steps, we must consider all of the following, except:
The project horizon for the next 30-90 Days
T/F Earnings per share can be calculated as Net Income/Total shares outstanding.
True
Cash flow from assets equals:
cash flow to creditors - cash flow to stockholders
A _________ __________ is one that has a life of less than one year, meaning they must be paid within the year.
current liability
The market value of an asset depends on:
riskiness and cash flows
Franklin Corporation just paid taxes of $152,000 on taxable income of $512,000. The marginal tax rate is 35% for the company. What is the average tax rate for the Franklin Corporation?
30%
From the income statement, the corporation had a net income of $724 million for the year. Total dividends were $106 million. There were 400 million shares outstanding. How much is the earnings per share?
$1.81
You are analyzing the Statement of Cash flows for Coffey Corporation. You have the following information: Beginning Cash: Ending Cash: $285 Net cash increase: $102 Calculate the Beginning Cash.
$183
Ferry Boat Corporation has the following financial information: Net fixed assets: Book value: $2,500, Market value: $3,000 Net working capital: $700 Current accounts liquidated: $1,500 ABC Corporation has $900 in long-term debt. What is the book value of equity?
$2,300
Ferry Boat Corporation has the following financial information: Net fixed assets: Book value: $2,500, Market value: $3,000 Net working capital: $700 Current accounts liquidated: $1,500 ABC Corporation has $900 in long-term debt. What is the market value of equity?
$3,600
An income statement prepared using GAAP will show revenue when it is:
Accrued
_________ tax rate is the amount of tax payable on the next dollar earned.
Marginal
The first thing reported on an income statement would usually be:
Revenues
T/F The Income Statement measures performance over some period of time.
True
T/F To generate a coherent plan, goals and objectives will have to be modified, and priorities will have to be established.
True