Four years ago, Velvet Purses purchased a mailing machine at a cost of $176,000. This equipment is currently valued at $64,500 on today’s balance sheet but could actually be sold for $58,900. This is the only fixed asset the firm owns. Net working capital is $57,200 and long-term debt is $111,300. What is the book value of shareholders’ equity?
Multiple Choice Quizzes with Answer in English (Page: 391)
Bonner Collision has shareholders’ equity of $141,800. The firm owes a total of $126,000 of which 60 percent is payable within the next year. The firm net fixed assets of $161,900. What is the amount of the net working capital?
Your firm has total assets of $4,900, fixed assets of $3,200, long-term debt go to practice material of $2,900, and short-term debt of $1,400. What is the amount of net working capital?
A firm has common stock of $6,200, paid-in surplus of $9,100, total liabilities of $8,400, current assets of $5,900, and fixed assets of $21,200. What is the amount of the shareholders’ equity?
A firm has net working capital of $640. Long-term debt is $4,180, total assets are $6,230, and fixed assets are $3,910. What is the amount of the total liabilities?
A firm has $520 in inventory, $1,860 in fixed assets, $190 in accounts receivables, $210 in accounts payable, and $70 in cash. What is the amount of the current assets?
A positive cash flow to stockholders indicates which one of the following with certainty?
Which one of the following statements related to the cash flow to creditors is correct?
Net capital spending:
Which one of the following is NOT included in cash flow from assets?
Which one of the following must be true if a firm had a negative cash flow from assets?
For a tax-paying firm, an increase in ____ will cause the cash flow from assets to increase.
Which one of the following will increase the cash flow from assets, all else equal?
Which one of the following statements is correct concerning a corporation with taxable income of $125,000?
Which one of the following statements related to an income statement is correct?
Depreciation:
As of 2008, which one of the following statements concerning corporate income taxes is correct?
Which one of the following statements related to taxes is correct?
Which one of the following statements related to an income statement is correct? Assume accrual accounting is used.
Which one of the following costs is most apt to be a fixed cost?