Question 11 5 out of 5 points Total stockholders equity Total assets Total

Question 11 5 out of 5 points total stockholders

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Question 11 5 out of 5 points Total stockholders' equity = Total assets - Total ____________. Selected Answer: liabiliti es Correct Answer: Evaluation Method Correct Answer Case Sensitivity Exact Match liabilities Exact Match liablties Exact Match liabtlies Question 12 5 out of 5 points _____________ stock has features of both common stock and long-term debt. Selected Answer: preferr ed Correct Answer: Evaluation Method Correct Answer Case Sensitivity Exact Match Preferred
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Exact Match Prefered Question 13 5 out of 5 points The ____________ stock account represents stock that the firm has repurchased back from investors. Selected Answer: treas ury Correct Answer: Evaluation Method Correct Answer Case Sensitivity Exact Match treasury Exact Match tresury Question 14 5 out of 5 points The ____________ tax rate is the tax rate that is paid on the last dollar of income earned. Selected Answer: margi nal Correct Answer: Evaluation Method Correct Answer Case Sensitivity Exact Match marginal Question 15 5 out of 5 points The average tax rate is equal to total taxes paid divided by ____________ income. Selected Answer: taxa ble Correct Answer: Evaluation Method Correct Answer Case Sensitivity Exact Match taxable Question 16 5 out of 5 points Laurel Electronics reported the following information at its annual meeting. The company had cash and marketable securities worth $1,235,455, accounts payable worth $4,159,357, inventory of $7,121,599, accounts receivable of $3,488,121, notes payable worth $1,151,663, and other current assets of $121,455. What is the company’s net working capital? Selected 6,655,610
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Answer: Correct Answer: 6,655,610 Answer range +/- 5 (6655605.0 - 6655615.0) Question 17 5 out of 5 points Hillman Corporation reported current assets of $3,495,055 for the year ending December 31, 2011 and current assets of $3,103,839 for the year ending December 31, 2010. Current liabilities for the firm were $2,867,225 and $2,760,124 at the end of 2011 and 2010 respectively. Compute the cash flow invested in net working capital at Hillman Corporation during 2011. Selected Answer: 284,115 Correct Answer: 284,115 Answer range +/- 5 (284110.0 - 284120.0) Question 18 5 out of 5 points Tim Dye, the CFO of Blackwell Automotive, Inc., is putting together this year’s financial statements. He has gathered the following information. The firm had a cash balance of $23,015, accounts payable of $163,257, common stock of $313,299, retained earnings of $512,159, inventory of $212,444, goodwill and other assets equal to $78,656, net plant and equipment of $711,256, and short-term notes payable of $21,115. It also has accounts receivables of $141,258 and other current assets of $11,223. How much long-term debt does Blackwell Automotive have? Selected Answer: 168,022 Correct Answer: 168,022 Answer range +/- 10 (168012.0 - 168032.0) Question 19 5 out of 5 points Nimitz Rental Company provided the following information to its auditors. For the year ended March 31, 2011, the company had revenues of $878,412, general and administrative expenses of $352,666, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company’s tax rate was 34 percent, what is its net income after taxes?
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