{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Homework 1 Fall 2011 - ENGR 111, Fall 2011 ...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ENGR 111, Fall 2011 October 4, 2011 HOMEWORK 1 PLEASE SHOW ALL OF YOUR WORK 1. Prove that the Average Corporate Tax Rate is nondecreasing in corporate income. 2. Is the following statement True or False? Why? ``Average Tax Rate is flat for a corporation earning more than $50 million net income.” For Questions 3 to 10, use the following: 3. What is the change in the net working capital from 2007 to 2008? A. $1,235 B. $1,035 C. $1,335 D. $3,405 E. $4,740 4. What is the amount of the non ­cash expenses for 2008? A. $570 B. $630 C. $845 D. $1,370 E. $2,000 5. What is the amount of the net capital spending for 2008? A.  ­$290 B. $795 C. $1,080 D. $1,660 E. $2,165 6. What is the operating cash flow for 2008? A. $845 B. $1,930 C. $2,215 D. $2,845 E. $3,060 7. What is the cash flow of the firm for 2008? A. $430 B. $485 C. $1,340 D. $2,590 E. $3,100 8. What is the amount of net new borrowing for 2008? A.  ­$225 B.  ­$25 C. $0 D. $25 E. $225 9. What is the cash flow to creditors for 2008? A.  ­$405 B.  ­$225 C. $225 D. $405 E. $630 10. Write down the Financial Cash Flow of Nabors Inc. ...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern