Selected Answer Answers Interest paid on bonds issued last year is tax

Selected answer answers interest paid on bonds issued

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Selected Answer: Answers: Interest paid on bonds issued last year is tax deductible. Common-stock dividends to be paid this year are not tax  deductible.   Common-stock dividends to be paid this year will be tax  deductible if the firm has a net loss for the year. Preferred stock dividends to be paid this year are not tax  deductible. Question 11 5 out of 5 points Total stockholders' equity = Total assets - Total ____________. Selected  Answer:  liabilities Correct Answer: Evaluation Method Exact Match Exact Match Exact Match Question 12 5 out of 5 points _____________ stock has features of both common stock and long-term debt. Selected  Answer:  Preferred Correct Answer: Evaluation Method Exact Match Exact Match
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Question 13 5 out of 5 points The ____________ stock account represents stock that the firm has repurchased back from investors. Selected  Answer:  treasury Correct Answer: Evaluation Method Exact Match Exact Match 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:  Marginal Correct Answer: Evaluation Method Exact Match Question 15 0 out of 5 points The average tax rate is equal to total taxes paid divided by ____________ income. Selected  Answer:  total taxable Correct Answer: Evaluation Method Exact Match Question 16 0 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 Answer: Correct Answer:  6,655,610
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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: 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?
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