quiz 1 chap 3 - Jump to Navigation Frame Jump to Content...

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Jump to Navigation Frame   Jump to Content Frame   Your location: Home Page  ›  Weekly Modules  ›  Week 04  ›  CH03   Post-Quiz  ›  CH03 Post-Quiz  ›  Assessments  ›  View All Submissions  ›  View Attempt  View Attempt 1 of 3  Title: CH03 Post-Quiz Started: September 20, 2008 12:04 PM Submitted: September 20, 2008 1:57 PM Time spent: 01:53:37  Total score: 7/10 = 70%   Total score adjusted by 0.0  Maximum possible score: 10  1.   Which of the following statements is CORRECT?    Student Response Correct  Answer A.  Accounts receivable are reported as a current liability  on the balance sheet.    B.  Dividends paid reduce the net income that is reported  on a company's income statement.    C. If a company uses some of its bank deposits to buy  short-term, highly liquid marketable securities, this will  cause a decline in its current assets as shown on the  balance sheet.    D.  If a company issues new long-term bonds during the  current year, this will increase its reported current  assets at the end of the year.    E.  If a company pays more in dividends than it generates  in net income, its retained earnings as reported on the  balance sheet will fall.    Score: 0/1    2.
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  Reliable Safe Company's 2005 balance sheet showed total current assets  of $1,500,000 plus $3,000,000 of net fixed assets. All of these assets  were required in operations. The firm had $600,000 of current liabilities,  including $300,000 of accounts payable, $200,000 of 6% short-term notes  payable to the bank, and $100,000 of accrued wages and taxes. It also  had $1,500,000 of long-term bonds, $300,000 of common stock, and  $1,750,000 of retained earnings. What was total amount of investor- provided operating capital at the end of 2005?    Student Response Correct  Answer A.  $3,900,000    B.  $4,000,000    C. $4,100,000    D.  $4,200,000    E.  $4,300,000    Score: 1/1    3.
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  Swann Systems has forecast this income statement for the upcoming  year: Sales $5,000,000 Operating costs (excluding depr and amort) 3,000,000
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This note was uploaded on 10/27/2008 for the course FIN 221 taught by Professor Dyer during the Fall '08 term at University of Illinois at Urbana–Champaign.

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quiz 1 chap 3 - Jump to Navigation Frame Jump to Content...

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