A100+Midterm%2BSpring%2BI%2C%2B2010

A 18000 b 19000 c 17800 d 18200 e none of the above 28

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Unformatted text preview: 0 c $90,800 d $97,200 e None of the above 27 If $18,000 was paid for insurance during 2009, how much was insurance expense? a $18,000 b $19,000 c $17,800 d $18,200 e None of the above 28 If $140,000 was received in cash from customers during 2009, how much was revenue? a $137,200 b $144,200 c $135,800 d $142,800 e None of the above 29 If $18,000 was purchased in land during 2009 and the amount on the statement of cash flows related to the sale of land was $5,000, what was the amount reported on the income statement related to the sale? a ($3,000) b ($8,000) c $5,000 d $10,000 e None of the above 30 If $1,800 was shown on the income statement as interest expense, what was the amount of interest paid during 2009? a $3,000 b $600 c $2,200 d $1,000 e None of the above 31 If net income was $8,000 for 2009, what was the amount of cash flows from financing activities? a $3,000 b $11,000 c ($6,400) d ($3,400) e None of the above 32 If no land was sold during 2009, what were the cash flows from investing activities? a $10,000 b ($9,200) c $10,800 d ($10,000) e None of the above 33 What is the company's debt to equity ratio? a 0.93 b 0.78 d 1.67 e 1.98 c 1.83 34 If purchases of inventory were $60,000 in 2009, what was the amount of inventory turnover? a 12.95 b 12.32 c 10.64 d 12.63 e 15.00...
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