Exam 2: Essential Concepts in Finance: Part A

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Common equity includes all of the following except:

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Amortization is:

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Earnings per share are:

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Company A has increased its yearly amortization expense by $13,000 resulting in a yearly $4,810 increase in cash flow. Company B has also increased its amortization expense by $13,000 but their yearly increase in cash flow is only $3,770. Assume in both cases that all non- amortization related cash flows are unchanged year over year. Why would this happen?

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Which of the following items on the income statement and balance sheet is MOST likely to vary spontaneously with sales?

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A significantly higher average collection period than the industry average might suggest:

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Which of the following statements is true of the statement of cash flows?

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Use the following information below to answer the question: Use the following information below to answer the question:   Sales are projected for $20,000 for 2000. COGS varies directly with sales. Projected Net income for 2000 is: Sales are projected for $20,000 for 2000. COGS varies directly with sales. Projected Net income for 2000 is:

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Which of the following items will most likely vary spontaneously with sales

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Why is forecasting importantg

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Explain the difference between debt and equity. Why must the two equal total assets?

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When Canadian corporations are calculating their amortization expenses for income tax purposes:

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a. Prepare a cash flow statement for the following information. b. Include a cash reconciliation statement. a. Prepare a cash flow statement for the following information. b. Include a cash reconciliation statement.       a. Prepare a cash flow statement for the following information. b. Include a cash reconciliation statement.       a. Prepare a cash flow statement for the following information. b. Include a cash reconciliation statement.

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Use the following information to answer the question: Use the following information to answer the question:      -If selling expenses remain a constant percentage of sales, what is their forecast for next year? Use the following information to answer the question:      -If selling expenses remain a constant percentage of sales, what is their forecast for next year? -If selling expenses remain a constant percentage of sales, what is their forecast for next year?

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Which of the following statements are true

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The income statement:

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  Shares outstanding of common stock = 1,000,000  Shares outstanding of preferred stock = 500,000  Market price of common stock = $18. -The Times Interest Earned ratio is: Shares outstanding of common stock = 1,000,000 Shares outstanding of preferred stock = 500,000 Market price of common stock = $18. -The Times Interest Earned ratio is:

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Explain what could cause a low net profit margin relative to the industry.

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According to accounting principles:

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Last year Company A earned $2.00 per share and Company B earned only $1.00 per share. Which company appears to be the best managed? Why?

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