True Essay Example

Satisfactory Essays
Apple Two Enterprises expects to generate sales of $5,950,000 for fiscal 2014; sales were$3,450,000 in fiscal 2013. Assume the following figures for the fiscal year ending 2013: cash $70,000; accounts receivable $250,000; inventory $400,000; net fixed assets $520,000; accounts payable $235,000; and accruals $155,000. Use the percent-of-sales method to forecast cash for the fiscal year ending 2014.
$120,725
Explanation: 3450000 / 70000 = 0.0203 x 5950000 = 120,725
Metals Corp. has $2,575,000 of debt, $550,000 of preferred stock, and $18,125,000 of common equity. Metals Corp.'s after-tax cost of debt is 5.25%, preferred stock has a cost of 6.35%, and newly issued common stock has a cost of 14.05%. What is Metals Corp.'s weighted average cost of capital?
12.78%
Project Sigma requires an investment of $1 million and has a NPV of $10. Project Delta requires an investment of $500,000 and has a NPV of $150,000. The projects involve unrelated new product lines. What is your evaluation

1. The goal of the firm should be

b/ maximization of shareholder wealth

2. An example of a primary market transaction is

a. a new issue of common stock by AT&T

3. According to the agency problem, _________ represent the principals of a corporation.

b/ Managers

c/ Managers

4. Which of the following is a principle of basic financial management?

a. Risk/return tradeoff

5. Another name for the acid test ratio is the

b/ quick ratio

6. The accounting rate of return on stockholders’ investments is measured by

c/ operating income return on investment

7. If you are an investor, which of the following would you prefer?

b/ Earnings on funds invested compound daily

8. The primary purpose of a cash budget is to

c/ provide a detailed plan of future cash flows

9. Which of the following is a non-cash expense?

a. Depreciation expenses

10. The break-even model enables the manager of a firm to

c/ determine the quantity of output that must

You May Also Find These Documents Helpful

  • Good Essays

    True Grit Essay Example

    • 492 Words
    • 2 Pages

    The first example where an Onamonpia is used is when May Swenson says, “Ball bounces off bat, flies air, or thwack ball meets mitt. What that statement was saying was that the batter can choose whether to make contact with the ball or watch as it goes into the catcher’s mitt. One more example where an Onamonpia is used to give excitement to the poem is where she says, “Sometimes ball gets hit Pow when bat meets it, and sails to a place where mitt just has to quit.” In that example the word POW…

    • 492 Words
    • 2 Pages
    Good Essays
  • Good Essays

    My true color I recently completed a survey with my English class at DSCC. The survey was developed to uncover what type of personality the survey-taker had. As I was taking this survey, I began to realize I undoubtedly belonged to the Orange category. There were many characteristics that I know I posses; however, the three main qualities I display most are organization, optimism, and spontaneity. First I am one of the most organized people on the planet. Things…

    • 810 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Odysseus: A True Hero The daydreaming lifeguard is brought back to reality by the frantic screams of a small boy. Before his brain can even assess the situation, he feels his body flying through space. He doesn’t see the boy resurface, and he feels as if gravity isn’t pulling him down fast enough. His body glides into the water, he grabs the boy, and pulls him back out of the water, pushing on his chest until the boy stops coughing and quietly utters, “Thanks.” A lifeguard, and many other people…

    • 943 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Rachel Rodriguez V. Carpenter 3840 English 1a 11/15/10 True Meaning of a Friend Never in my life have I ever really sat down to think about the definition of friendship. As a kid one does not choose their friends by how loyal they are or how good looking a person is. As a child grows into maturity things such as stereotypes, race, gender and so on help them to define who they would like to consider friends. In the end, I feel as though none of these things really matter. According to Webster’s…

    • 858 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Assignment 2-1 True Colors Assignment True Colors was developed by Don Lowry in 1978 and taught by Dr. Robert Ray Meadows, an Associate Director of 4-H out of VA Tech when I saw it. He was sharing this as a way for us to support people by giving people a tool to think about differences in people. I thought it would be a fun way to think about personalities and supporting people. True Colors uses colors to identify four distinct perspectives and personalities. Understanding your true colors and…

    • 1558 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Love in Romeo and Juliet Essay Posted on August 10, 2010 by James Romeo and Juliet written by William Shakespeare, talks closely about Romeo and Juliet being victims of bad luck. They are victims of an unkind fate, they happen to be in the centre of ill fateful events. This is true because, Romeo a Montague and Juliet a Capulet are from feuding families, Romeo also tries to avoid a fight but two people ended up dying anyway. Romeo and Juliet’s secret marriage was also in doubt after Capulet agreed…

    • 612 Words
    • 3 Pages
    Good Essays
  • Good Essays

    most people would never even think about anybody but themselves, which resembles the book because every character in the book is only looking out for themselves. Although Lennie and George are different in the sense that they care for each other. An example of the sacrifices he makes is when George was ticked about Lennie doing something that George specifically told him not to do. After he went on to say, “If I was alone I would live so easy. I would go get an’ job, an’ no trouble. I could take my fifty…

    • 1056 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    The True Confessions of Charlotte Doyle June 4, 2012 Ann Lee 8D “The True Confessions of Charlotte Doyle” by Avi is about a thirteen-year-old girl, Charlotte Doyle, traveling from England to America, where her family was living. After the ship had left, she realized that she was the only female passenger on the ship, which was called Seahawk. Charlotte was an upper class and educated girl, unlike many of the sailors on the ship. Despite the fact that one of the sailors warned Charlotte about…

    • 350 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    In F. Scott Fitzgerald’s The Great Gatsby, many people of the high social status such as Tom, Myrtle, and Nick wonder if Gatsby is truly in love with Daisy, or if he is in love with what Daisy, herself, represents. Gatsby’s whole life is based on trying to win Daisy’s love. But does Gatsby ever think about how it would be if he did win her back? He is so caught up with the illusion of love that he doesn’t really think about how his life will…

    • 651 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    true but not true

    • 661 Words
    • 3 Pages

    Cabuliwallah cabuliwallah, penned by rabindranath tagore, explores the complexities of human relationships through the story of rahmun and the narrators daughter mini. Rahmun, the cabuliwalla does not belong to Calcutta and is always treated as an outsider . he is subjected to the mistrust , curiosity and suspicion of the locals. mini was initially frightened by the cabuliwallah, rumoured to be a child abductor ,who actually peddled dry fruits and went door to door in the hopes of earning a few…

    • 661 Words
    • 3 Pages
    Good Essays