Practice Quiz 14
6 Pages

Practice Quiz 14

Course: ACC ACC 502, Spring 2009

School: CSU Dominguez Hills

Word Count: 1228

Rating:

Document Preview

Practice Quiz 14 1. Suture Corporation's discount rate is 12%. If Suture has a 5-year investment project that has a project profitability index of zero, this means that: A) the net present value of the project is equal to zero. B) the internal rate of return of the project is equal to the discount rate. C) the payback period of the project is equal to the project's useful life. D) both A and B above are true....

Unformatted Document Excerpt
Coursehero >> California >> CSU Dominguez Hills >> ACC ACC 502

Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Quiz Practice 14 1. Suture Corporation's discount rate is 12%. If Suture has a 5-year investment project that has a project profitability index of zero, this means that: A) the net present value of the project is equal to zero. B) the internal rate of return of the project is equal to the discount rate. C) the payback period of the project is equal to the project's useful life. D) both A and B above are true. Amster Corporation has not yet decided on the required rate of return to use in its capital budgeting. This lack of information will prevent Amster from calculating a project's: Payback Net Present Value Internal Rate of Return No No No Yes Yes Yes No Yes Yes No Yes No 2. A) B) C) D) 3. If income taxes are ignored, how is depreciation used in the following capital budgeting techniques? Internal Rate of Return Net Present Value Excluded Excluded Excluded Included Included Excluded Included Included A) B) C) D) 4. Zonifugal Corporation needs to purchase a new conveyor system for its factory. Four different conveyor systems have been proposed. Which calculation would be the best one for Zonifugal to use to determine which system to purchase? A) payback period B) simple rate of return C) net present value D) project profitability index 5. When evaluating a project, the portion of the fixed corporate headquarters expense that would be allocated to the project should be: 1 A) B) C) D) 6. included as a cash outflow on an after-tax basis by multiplying the expense by one minus the tax rate. included as a cash outflow on an after-tax basis by multiplying the expense by the tax rate. included as a cash outflow on a before-tax basis. ignored. (Ignore income taxes in this problem.) Given the following data: Cost of equipment.............. $55,75 0 Annual cash inflows........... $10,00 0 Internal rate of return......... 16% The life of the equipment must be: A) it is impossible to determine from the data given B) 15 years C) 12.5 years D) 5.75 years 7. (Ignore income taxes in this problem.) Heap Company is considering an investment in a project that will have a two year life. The project will provide a 10% internal rate of return, and is expected to have a $40,000 cash inflow the first year and a $50,000 cash inflow in the second year. What investment is required in the project? A) $74,340 B) $77,660 C) $81,810 D) $90,000 A company anticipates a depreciation deduction of $70,000 in year 4 of a project. The company's tax rate is 30% and its discount rate is 12%. The present value of the depreciation tax shield resulting from this deduction is closest to: A) $31,140 B) $49,000 C) $21,000 D) $13,356 (Ignore income taxes in this problem.) Congener Beverage Corporation is 8. 9. 2 considering an investment in a capital budgeting project that has an internal rate of return of 20%. The only cash outflow for this project is the initial investment. The project is estimated to have an 8 year life and no salvage value. Cash inflows from this project are expected to be $100,000 per year in each of the 8 years. Congener's discount rate is 16%. What is the net present value of this project? A) $5,215 B) $15,464 C) $50,700 D) $55,831 10. (Ignore income taxes in this problem.) Given the following data: Initial investment............... $80,00 0 Annual cash inflow............ ? Salvage value..................... $0 Net present value................ $13,60 0 Life of the project............... 6 years Discount rate...................... 16% Based on the data given above, the annual cash inflow from the project after the initial investment is closest to: A) $50,116 B) $21,710 C) $25,400 D) $38,376 11. (Ignore income taxes in this problem.) Nevland Corporation is considering the purchase of a machine that would cost $130,000 and would last for 6 years. At the end of 6 years, the machine would have a salvage value of $18,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $44,000. The requires company a minimum pretax return of 19% on all investment projects. The net present value of the proposed project is closest to: A) $38,040 B) $26,376 C) $74,902 D) $20,040 3 12. (Ignore income taxes in this problem) The management of Elamin Corporation is considering the purchase of a machine that would cost $365,695 and would have a useful life of 9 years. The machine would have no salvage value. The machine would reduce labor and other operating costs by $61,000 per year. The internal rate of return on the investment in the new machine is closest to: A) 9% B) 11% C) 12% D) 10% (Ignore income taxes in this problem) Boe Corporation is investigating buying a small used aircraft for the use of its executives. The aircraft would have a useful life of 9 years. The company uses a discount rate of 10% in its capital budgeting. The net present value of the investment, excluding the salvage value of the aircraft, is -$439,527. Management is having difficulty estimating the salvage value of the aircraft. To the nearest whole dollar how large would the salvage value of the aircraft have to be to make the investment in the aircraft financially attractive? A) $439,527 B) $43,953 C) $4,395,270 D) $1,036,620 (Ignore income taxes in this problem.) The management of Solar Corporation is considering the following three investment projects: Project L Project M Project N $37,000 $55,000 $82,000 $38,480 $62,150 $90,200 13. 14. Investment required....................... Present value of cash inflows......... Rank the projects according to the profitability index, from most profitable to least profitable. A) M,N,L B) L,N,M C) N,L,M D) N,M,L 4 15. (Ignore income taxes in this problem.) The management of Lanzilotta Corporation is considering a project that would require an investment of $263,000 and would last for 8 years. The annual net operating income from the project would be $66,000, which includes depreciation of $31,000. The scrap value of the project's assets at the end of the project would be $15,000. The payback period of the project is closest to: A) 3.8 years B) 2.6 years C) 2.7 years D) 4.0 years (Ignore income taxes in this problem.) An expansion at Fey, Inc., would increase sales revenues by $150,000 per year and cash operating expenses by $47,000 per year. The initial investment would be for equipment that would cost $328,000 and have a 8 year life with no salvage value. The annual depreciation on the equipment would be $41,000. The simple rate of return on the investment is closest to: A) 41.3% B) 18.9% C) 12.5% D) 31.4% A company anticipates a taxable cash receipt of $80,000 in year 3 of a project. The company's tax rate is 30% and its discount rate is 10%. The present value of this future cash flow is closest to: A) $42,056 B) $56,000 C) $24,000 D) $18,032 Dunn Construction, Inc., has a large crane that cost $35,000 when purchased ten years ago. Depreciation taken to date totals $25,000. The crane can be sold now for $6,000. Assuming a tax rate of 40%, if the crane is sold the total aftertax cash inflow for capital budgeting purposes will be: A) $8,400 B) $12,000 C) $7,600 D) $10,000 16. 17. 18. 5 19. (Ignore income taxes in this problem.) You have deposited $7,620 in a special account that has a guaranteed interest rate of 19% per year. If you are willing to completely exhaust the account, what is the maximum amount that you could withdraw at the end of each of the next 7 years? Select the amount below that is closest to your Register to View Answer$1,295 B) $2,056 C) $2,219 D) $1,089 (Ignore income taxes in this problem.) Suddeth Corporation has entered into a 6 year lease for a building it will use as a warehouse. The annual payment under the lease will be $2,468. The first payment will be at the end of the current year and all subsequent payments will be made at year-ends. What is the present value of the lease payments if the discount rate is 5%? A) $12,528 B) $14,103 C) $14,808 D) $11,050 20. 6

Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more. Course Hero has millions of course specific materials providing students with the best way to expand their education.

Below is a small sample set of documents:

CSU Dominguez Hills - ACC - ACC 502
d c b b a b c b c b b c b c c
CSU Dominguez Hills - FIN - Fin 595
CAPSTONE CASE 2: SPATIAL TECHNOLOGY, INC. Suggested Case Discussions and Analyses A. Describe Spatial Technologys business model in terms of revenues, profits, and cash flows. Spatial is the originator of a 3D modeling file format (SAT) and object manipul
CSU Dominguez Hills - FIN - Fin 595
CHAPTER 1 INTRODUCTION AND OVERVIEW FOCUS The purpose of this first chapter is to present an overview of what entrepreneurial finance is about. In doing so we hope to convey to you the importance of understanding and applying entrepreneurial finance metho
CSU Dominguez Hills - FIN - Fin 595
Chapter 2 FROM THE IDEA TO THE BUSINESS PLAN FOCUS In this chapter we examine how one can move from an idea to a determination of the feasibility of the related business opportunity. We present an opportunity screening system to aid in determining whether
CSU Dominguez Hills - FIN - Fin 595
Chapter 3 ORGANIZING AND FINANCING A NEW VENTUREFOCUSIn this chapter, we focus on organizing the venture, obtaining and protecting intellectual property, and early stage financing. Although an entrepreneur can change the legal form of the venture in the
CSU Dominguez Hills - FIN - Fin 595
Chapter 4 MEASURING FINANCIAL PERFORMANCE FOCUSIn this chapter, we introduce basic accounting and financial statements designed to help ventures monitor their progress. We stress the need to understand how cash is built and burned both in terms of financ
CSU Dominguez Hills - FIN - Fin 595
Chapter 5 EVALUATING FINANCIAL PERFORMANCE FOCUSIn this chapter, we focus on identifying and understanding the financial ratios used to evaluate the ventures financial performance over time. Venture performance and efficiency is important to a variety of
CSU Dominguez Hills - FIN - Fin 595
Chapter 6 FINANCIAL PLANNING: SHORT TERM AND LONG TERM FOCUS In this chapter, we focus on projecting financial statements into the future both short-term and long-term. The availability of cash is what drives the entrepreneurial venture. Inadequate cash o
CSU Dominguez Hills - FIN - Fin 595
Chapter 7 TYPES AND COSTS OF FINANCIAL CAPITAL FOCUS In this chapter, we characterize financial markets and focus on developing an understanding of the how one obtains and pays for financial capital. Without adequate capital, even the best ideas and ventu
CSU Dominguez Hills - FIN - Fin 595
Chapter 8SECURITIES LAW CONSIDERATIONS WHEN OBTAINING VENTURE FINANCING FOCUSIn this chapter we introduce several major legal aspects of fundraising for the new venture. We discuss the central role of the Securities Act of 1933 and the exemptions availa
CSU Dominguez Hills - FIN - Fin 595
Chapter 9 VALUING EARLY-STAGE VENTURES FOCUS In this chapter, we introduce basic concepts of valuation, the process of estimating values. We consider the owner of a growing business who is beginning negotiations with a potential investor. We introduce the
CSU Dominguez Hills - FIN - Fin 595
Chapter 10 VENTURE CAPITAL VALUATION METHODS FOCUSIn this chapter, we present several variations on the simplified valuation procedures and rules of thumb frequently grouped under the designation venture capital methods. We introduce a threescenario appr
CSU Dominguez Hills - FIN - Fin 595
Chapter 11 PROFESSIONAL VENTURE CAPITALFOCUS In this chapter, we consider the highest profile segment of the venture investing markets: professional venture capital. We discuss the origins of venture capital and the periodic fluctuations accompanying maj
CSU Dominguez Hills - FIN - Fin 595
Chapter 12 OTHER FINANCING ALTERNATIVES FOCUS In this chapter, we consider a variety of government and private sources of new venture funding. We also consider financing traditionally available only to more mature ventures including commercial banking loa
CSU Dominguez Hills - FIN - Fin 595
Chapter 13 SECURITY STRUCTURES AND DETERMINING ENTERPRISE VALUES FOCUS In this chapter, we discuss important concepts in structuring securities a venture uses to raise funds. We introduce the notion of primitive securities (like bonds and common stocks) a
CSU Dominguez Hills - FIN - Fin 595
Chapter 14 HARVESTING THE BUSINESS VENTURE INVESTMENTFOCUS This chapter in our entrepreneurial finance text focuses on how a successful entrepreneur can harvest or exit the venture. LEARNING OBJECTIVES 1. 2. 3. 4. 5. 6. Plan an exit strategy Understand t
CSU Dominguez Hills - FIN - Fin 595
Chapter 15 FINANCIALLY TROUBLED VENTURES: TURNAROUND OPPORTUNITIES? FOCUS We direct attention in this chapter toward recognizing and managing financial distress. An inability to pay creditor obligations as they come due typically poses a major financial t
CSU Dominguez Hills - FIN - Fin 595
CAPSTONE CASE 1: CORAL SYSTEMS, INC.Suggested Case Discussions and Analyses A. Describe Coral Systems business model in terms of revenues, profits, and cash flows. Coral Systems business model was to develop and license software products for the telecomm
CSU Dominguez Hills - FIN - Fin 595
CHAPTER 15 FINANCIALLY TROUBLED VENTURES: TURNAROUND OPPORTUNITIES?TrueFalse Questions T. 1. During the development, startup, and survival stages of a ventures life cycle, the relevant financing and operating decisions faced are either restructuring or l
CSU Dominguez Hills - FIN - Fin 595
CHAPTER 1 INTRODUCTION AND OVERVIEWTrue-False Questions F. 1. Entrepreneurs provide the financing to individuals who think, reason, and act to convert ideas into commercial opportunities and create opportunities. 2. Entrepreneurship is the process of cha
CSU Dominguez Hills - FIN - Fin 595
CHAPTER 2 FROM THE IDEA TO THE BUSINESS PLANTrue-False Questions T. F. 1. For ventures that first get to market or create intellectual property rights, its common to price new products or services at high markups or profit margins. 2. Lifestyle firms are
CSU Dominguez Hills - FIN - Fin 595
CHAPTER 3 ORGANIZING AND FINANCING A NEW VENTURETrue-False Questions T. 1. The difference between a limited partnership and a general partnership is that the limited partnership has partners who actively manage the day-to-day operations but also has pass
CSU Dominguez Hills - FIN - Fin 595
CHAPTER 4 MEASURING FINANCIAL PERFORMANCETrue-False Questions T. F. F. F. F. F. T. 1. Assets are financial and physical items controlled or owned by the business. 2. The practice of recording economic activity when realized is known as accrual accounting
CSU Dominguez Hills - FIN - Fin 595
CHAPTER 5 EVALUATING FINANCIAL PERFORMANCETrue-False Questions T. 1. Showing the relationships between two or more financial variable and /or time, financial ratios are useful means of summarizing large amounts of financial data for comparative purposes.
CSU Dominguez Hills - FIN - Fin 595
CHAPTER 6 FINANCIAL PLANNING: SHORT TERM AND LONG TERMTrue-False Questions T. T. F. 1. The weighted average of a set of possible outcomes or scenarios is known as expected values. 2. The rate at which a firm can grow sales based on the retention of busin
CSU Dominguez Hills - FIN - Fin 595
CHAPTER 7 TYPES AND COSTS OF FINANCIAL CAPITALTrue-False Questions F. T. 1. The accounting emphasis on accrued revenue and expenses and depreciation is the same emphasis as that of finance managers. 2. Traditional accounting does not focus on the implici
CSU Dominguez Hills - FIN - Fin 595
CHAPTER 8 SECURITIES LAW CONSIDERATIONS WHEN OBTAINING VENTURE FINANCINGTrue-False Questions T. T. 1. The securities Exchange act of 1934 provides for the regulation of securities exchanges and over-the-counter markets. 2. The Investment Company Act of 1
CSU Dominguez Hills - FIN - Fin 595
CHAPTER 9 VALUING EARLY-STAGE VENTURESTrueFalse Questions F. F. T. F. T. T. T. F. T. T. 1. The valuation approach involving discounting present value cash flows for risk and delay is called discounted cash flow (DCF). 2. The stepping stone year is the fi
CSU Dominguez Hills - FIN - Fin 595
CHAPTER 10 VENTURE CAPITAL VALUATION METHODS TrueFalse Questions F. T. F. F. T. T. 1. The venture capital valuation method estimates the ventures value by projecting both intermediate and terminal/exit flows to investors. 2. Venture investors returns depe
CSU Dominguez Hills - FIN - Fin 595
CHAPTER 11 PROFESSIONAL VENTURE CAPITALTrueFalse Questions T. 1. In addition to having personal financial stakes in their portfolio of investments, professional venture capitalists have raised funds from other investors to invest in the portfolio. 2. The
CSU Dominguez Hills - FIN - Fin 595
CHAPTER 12 OTHER FINANCING ALTERNATIVESTrueFalse Questions T. 1. Despite the high risk and costs of using a facilitator or up-front fee solicitor to obtain financing, many start-ups never-the-less seek them as a source of funds due to the length of time
CSU Dominguez Hills - FIN - Fin 595
CHAPTER 13 SECURITY STRUCTURES AND DETERIMINING ENTERPRISE VALUES TrueFalse Questions F. F. F. 1. Preferred stock is the equity claim senior to common stock providing preference on dividends but not liquidation proceeds. 2. For preferred noncumulative sto
CSU Dominguez Hills - FIN - Fin 595
CHAPTER 14 HARVESTING THE BUSINESS VENTURE INVESTMENTTrueFalse Questions T. T. F. F. T. 1. The process of exiting the privately held business venture to unlock the owners investment value is known as harvesting. 2. When harvesting a venture, the methodic
Georgia Tech - COA - 4403
Advanced Lighting StrategiesStrategy at the buildings design levelAtrium Skylights Light guidingAdvanced fenestration technologiesGeneral principleWithout shadingSolar energy daylightWindow, facadeWith external shadingHeat protection in winter Re
Georgia Tech - COA - 4403
ECOTECT DAYSIM RADIANCE packageECOTECTDaylight autonomy Daylight Factor IlluminanceRCPDAYSIMLighting energyDaylight factorECOTECTVisualizationRADIANCEScreenshots removed due to copyright restrictions.ECOTECT Program featuresShadows and Shading
Georgia Tech - COA - 4403
Advanced Simulation ToolsSurvey on daylighting simulation methodsWhat kind of daylight prediction tools do you use to estimate or calculate daylighting during (a) schematic design (b) design development?Proportion of participants that use the tool [%]
Georgia Tech - COA - 4403
Experimental approachesScale modelsqualitative (visualization) and quantitative (meters) assessments difficulties: reproduction of building geometry, materials, details simulation/control of lighting conditions, photometersExperimental approachesScal
Georgia Tech - COA - 4403
Design ToolsComputer simulationsExperimental approachesManual methodsSimple Design ToolsManual methodssimple geometries and sky conditionsSUBJECT TYPE Daylight factor for sidelit roomsf(x)Daylight factor for rooflit roomsWindow designRooflight
Georgia Tech - COA - 4403
Color perception Absolute green is the most relaxing color possible: it has no meaning of joy, sorrow or passion . (W. Kandinsky) Blue develops a concentric movement and goes away from the man . (W. Kandinsky) Yellow irradiates, adopts an excentric move
Georgia Tech - COA - 4403
Electric lightingLight emissionincandescence vs. luminescencelm/W200 180 160 140 120 100 80 60 40 20 0Lamp typesIncandescent (classic, halogen) Discharge (fluorescent tubes) Electrodeless (induction-based)8 Natural light 7 Low pressure sodium 6 Hig
Georgia Tech - COA - 4403
Visual comfortKey aspects of daylit environmentVisual performance Physiological conditions Visual qualityVisual comfortKey aspects of daylit environment ObjectivesHarmonious luminance distribution (no strong contrasts) Good color rendering (continuou
Georgia Tech - COA - 4403
Direct and diffuse components of daylightS ky type SunClear ShinyMilky-white ClearPartly cloudy Partly veiledWhitish VeiledLight grey Still visibleDark grey Barely visibleDark InvisibleGlobal radiation [W/m ] Diffuse component2800 to 900600 to
Georgia Tech - COA - 4403
Key objectives in lighting designQualificationsno strong "contrasts" good "color rendering" adequate "light levels" no "disturbing reflections" no direct "glare"Radio- and photometric quantitiesRadiometry vs. Photometryabsolute (energy) vs. V()-depen
Georgia Tech - COA - 4403
Interaction of light and matterAny object or surface receiving lightabsorbs part of it: [%] reflects part of it: [%] may transmit part of it: [%] absorption + + = 100%reflection transmissionInteraction of light and matterAbsorptiongeneral selective
Georgia Tech - COA - 4403
What is light ?Dual nature: wave and particleselectromagnetic theory, quantum theory, unified theoryVisual sensation Electronic processSolar radiationEnergy [kW/(mm)] 2.0 Black body at 800 K Solar radiation at atmospheres boundaries 1.5 Solar radiati
Georgia Tech - COA - 4403
Daylighting for sustainabilityEnergy savingselectric lightingBuildings: 30% Lighting: 15 to 40 % of building consumptionTransport and industry: 70%Daylighting for sustainabilityEnergy savingselectric lighting solar gains managementDaylighting for
Georgia Tech - COA - 4403
4.430 DaylightingFall 200609/07/06Instructor: Marilyne AndersenLearning objectivesProvide tools for efficient integration of daylighting issues in the design processIdentify factors involved in a (day)lighting situation Predict critical issues Deter
Rhode Island - BCH - 311
Integration of Metabolism: Cellular Signaling To prevent overproduction of molecules in the metabolic pathways, regulatory enzymes that act by feedback inhibition control the creation of new molecules. Hormones can send signals to speed up reactions when
Rhode Island - BCH - 311
The Metabolism of Nitrogen Much of the nitrogen in most living organisms does not come from the atmosphere directly, but through bacteria. Some by free-living nitrogen-fixing bacteria and most by a symbiotic association of bacteria fixing nitrogen in root
Rhode Island - BCH - 311
PHOTOSYNTHESIS Photosynthesis takes place in the chloroplasts of plants and in some bacteria. In thylakoids in plants, the energy of light is captured by electrons of chlorophyll molecules. The electrons are passed along an electron transport chain, a mol
Rhode Island - BCH - 311
LIPID METABOLISM Stored lipids are a great source of energy; these are mostly triacylglycerols stored in adipose tissue. Catabolism of stored fats is carried out in mitochondria, after hydrolysis of triacylglycerols by lipase, the long chain fatty acids a
Rhode Island - BCH - 311
Electron Transport and Oxidative PhosphorylationThe Eukaryotic mitochondrion is the site of the citric acid cycle, electron transport and oxidative phosphorylation. Under aerobic conditions, ATP is generated by electron transport along the inner membrane
Rhode Island - BCH - 311
Lipids LipidsMarginally Marginally soluble in water, but readily soluble in organic solvents like chloroform, alkanes and acetone Fats Fats and oils are typical lipids; fats are solid solid at room temperature and oils are liquid liquid at room temperatu
Rhode Island - BCH - 311
Citric Citric Acid CycleThe citric acid cycle operates in the mitochondrion of plant and animal cells. You can also find the same enzymes in certain bacterial cells. Carbohydrates, amino acids and fatty acids are fed into the cycle and will be oxidized t
Rhode Island - BCH - 311
Storage Storage Mechanisms and Control in Carbohydrate MetabolismHow is Glycogen Produced and Degraded? When we eat a meal high in carbohydrates, we have a supply of glucose that exceeds our immediate needs. We store excess glucose as a polymer, glycogen
Rhode Island - BCH - 311
Glycolysis GlycolysisThis is an anaerobic process of glucose metabolism that yields two molecules of ATP. When it is coupled to the citric acid cycle and oxidative phosphorylation, it can yield energy equivalent of up to 32 molecules of ATP. This pathway
Rhode Island - BCH - 311
Carbohydrates CarbohydratesOver Over half of the organic carbon on the planet is stored as polymers of glucose - starch or cellulose. Humans can hydrolyze starch for energy, but only a few organisms produce the enzyme cellulase, needed to hydrolyze cellu
Rhode Island - BCH - 311
Bioenergetics BioenergeticsLife Life processes require that molecules that are taken in as nutrients are broken down to extract energy and to create building blocks for creation of new molecules. A constant supply of energy is needed by cells to constant
Rhode Island - BCH - 311
B CH311 Fall 2009 A nswer all questionsS ection I/Sample ExamN iall Howlett, Ph.D.1. All of the following statements are true of biomolecules, e xcep t : a) They contain predominantly ionic bonds b) They contain predominantly nonmetallic elements c) Ca
Rhode Island - BCH - 311
1.NUCLE IC ACIDS1. Nucleotides have a covalently-linked sugar and base and a phosphate g roup 1. Phosphoric acid esterifies to hydroxyl group (OH) of sugar 2. Phosphate can linked to 3 or 5 hydroxyl group of sugar 1. But more commonly linked to 5 3. Add
Rhode Island - BCH - 311
BCH311 Section II Sample Exam - Niall Howlett, Ph.D.1. The double helix of DNA is which level of structure? a) primary b) * secondary c) tertiary d) quaternary e) The answer is indeterminate Nucleotides are distinguished from nucleosides by the fact that