Exam 4: Preparing and Using Financial Statements

EBDAT stands for "Earnings Before Depreciation And Taxes".T 29. Cash fixed costs = survival revenues - variable cost revenue ratio × survival revenues.

Amounts owed to another for purchase made on credit which come due in less than one year are known as receivables.

Find the "contribution profit margin" based on the following information: cash fixed costs = $60,000; variable costs = $70,000; and sales = $100,000.

"Economic value added" EVA) measures a firm's market value added over a specified time period.T 2. Economic value added EVA) is a measure of a firm's economic profit over a specified time period.

Your venture has total assets of $690, net fixed assets of $500, long term debt of $80, and stockholders' equity of $400. What is the amount of your venture's current liabilities?

GAAP stands for "Generally Accepted Accounting Principles."

Which one of the following is not considered to be a current asset?

Which of the following is not a category on the statement of cash flows?

Which of the following is a source of cash?

Determine the total operating fixed costs TOFC) based on the following: Administrative expenses = $200,000; Marketing expenses = $180,000; Depreciation expenses = $100,000; and Interest expenses = $20,000.

What is Acme's taxable income and tax expense?

Find the "survival revenues" SR), also known as the EBDAT breakeven) based on the following information: cash fixed costs = $60,000; variable costs = $70,000; and sales = $100,000.

Operating income, or earnings before interest and taxes, reflects the firm's profits after all operating expenses, excluding financing costs, have been deducted from net sales.

"Net cash burn" occurs when the sum of which of the following items is negative?

Which of the following is not a characteristic of marketable securities?

Which one of the following is not considered to be an internal operating schedule?

Find the NOPAT given the following information: sales = $520,000, earnings before interest = $100,000; interest = $20,000; and the tax rate = 30%.

Economic Value Added EVA) is calculated as:

Which of the following is not a characteristic of inventories?

Accrual accounting is the practice of recording economic activity when recognized rather than waiting until realized.