MCQ Academy - English
Free Online MCQ Practice Tests in English
Popular Quiz Papers
Latest Quizzes
The Widget Co. purchased new machinery three years ago for $4 million. The machinery can be sold to the Roman Co. today for $2 million. The Widget Co.’s current balance sheet shows net fixed assets of $2,500,000, current liabilities of $1,375,000, and net working capital of $725,000. If all the current assets were liquidated today, the company would receive $1.9 million in cash. The book value of the Widget Co.’s assets today is _____ and the market value of those assets is _____.
Correct answer(s):
- $4,600,000; $3,900,000
Beach Front Industries has sales of $546,000, costs of $295,000, depreciation expense of $37,000, interest expense of $15,000, and a tax rate of 32 percent. The firm paid $59,000 in cash dividends. What is the addition to retained earnings?
Correct answer(s):
- $76,320
What is the net capital spending for 2009?
Correct answer(s):
- $239
What is the change in net working capital from 2008 to 2009?
Correct answer(s):
- -$175
What is the cash flow to stockholders for 2009?
Correct answer(s):
- $1,300
What is the amount of dividends paid in 2009?
Correct answer(s):
- $800
What is the cash flow to creditors for 2009?
Correct answer(s):
- $432
What is the amount of net new borrowing for 2009?
Correct answer(s):
- $850
What is the cash flow from assets for 2009?
Correct answer(s):
- $1,732
What is the operating cash flow for 2009?
Correct answer(s):
- $4,267
What is the amount of the net capital spending for 2009?
Correct answer(s):
- $1,229
What is the amount of the non cash expenses for 2009?
Correct answer(s):
- $1,611
What is the change in the net working capital from 2008 to 2009?
Correct answer(s):
- $1,306
The Lakeside Inn had operating cash flow of $48,450. Depreciation was $6,700 and interest paid was $2,480. A net total of $2,620 was paid on long-term debt. The firm spent $24,000 on fixed assets and decreased net working capital by $1,330. What is the amount of the cash flow to stockholders?
Correct answer(s):
- $20,680
The Daily News had net income of $121,600 of which 40 percent was distributed to the shareholders as dividends. During the year, the company sold $75,000 worth of common stock. What is the cash flow to stockholders?
Correct answer(s):
- -$26,360
Adelson’s Electric had beginning long-term debt of $42,511 and ending long-term debt of $48,919. The beginning and ending total debt balances were $84,652 and $78,613, respectively. The interest paid was $4,767. What is the amount of the cash flow to creditors?
Correct answer(s):
- -$1,641
At the beginning of the year, the long-term debt of a firm was $72,918 and total debt was $138,407. At the end of the year, long-term debt was $68,219 and total debt was $145,838. The interest paid was $6,430. What is the amount of the cash flow to creditors?
Correct answer(s):
- $11,129
At the beginning of the year, a firm had current assets of $121,306 and current liabilities of $124,509. At the end of the year, the current assets were $122,418 and the current liabilities were $103,718. What is the change in net working capital?
Correct answer(s):
- $21,903
Nielsen Auto Parts had beginning net fixed assets of $218,470 and ending net fixed assets of $209,411. During the year, assets with a combined book value of $6,943 were sold. Depreciation for the year was $42,822. What is the amount of net capital spending?
Correct answer(s):
- $33,763
Crandall Oil has total sales of $1,349,800 and costs of $903,500. Depreciation is $42,700 and the tax rate is 34 percent. The firm does not have any interest expense. What is the operating cash flow?
Correct answer(s):
- $309,076