A firm has $450 in inventory, $700 in fixed assets, $210 in accounts receivable, $50 in accounts
payable, and $60 in cash. What is the amount of the current assets?
Total assets are $1000, fixed assets are $700, long-term debt is $250, and shor
1_ Award: 2 out of10.D points Show my answer
Problem 17-2 Agency Costs
Tom Scott is the owner, president, and primary salesperson for Scott Manufacturing. Because of this, the
companys prots are driven by the amount of work Tom does. if he works 40 hour
10 Award: I] out ef1 paints
MC u. 21 Which one ef these bends is-
Which ene ef these bends is the meet interestrate sensitive?
9 . 1I2'.I-3.reelrr 6 percent annual eeupen bend
O 10-year. 6 percent, semiannual eeupdn bend
) 0 1Dyeer zere eeueen bend
1. One year ago, you invested $3,010. Today it is worth
$3,700.50. What rate of interest did you earn?
$3,700.50 = $3,010 x (1 + r)1; r = 22.94 percent
2. What is the future value of $1,000 a year
1. Al's Sport Store has sales of $2,950, costs of goods sold of
$2,100, inventory of $532, and accounts receivable of $421.
How many days, on average, does it take the firm to sell its
inventory assuming that all sales are on credit?
Inventory turnover =
MBA 640 Midterm Study Guide:
Concepts Based On Quizzes:
Income Statement: the financial statement summarizing a firms accounting
performance over a period of time.
Free Cash Flow: cash that the firm is free to distribute to credito