Finance Questions

Variable costs ____________ depending on production.

Amanda is the owner of a flooring company. Her assets include $15,000 in cash, $10,000 in inventory, & $5,000 in equipment. Her liabilities include a $6,000 credit card balance and $800 in long-term debt. What is Amanda's equity?

Deidre owns a pet store. Last month, her income was $5,500, her cost of goods was $800, and her total expenses were $2,600. What are Deidre's net income and gross income for last month?

Hailey owns a bike shop. She is preparing the cash flow statement for her first year of operation. She has a beginning cash balance of $4,700, $101,000 in total cash sales, $3,300 for utilities, $2,500 in loan payments, and $5,600 for marketing costs. What is Hailey's ending cash balance?

Tom owns a hat shop. His total monthly cost is $1,850. Each hat coats $50. How many hats must Tom sell to break even each month?

Clare sells gourmet boxes of chocolate. One box of chocolate costs Nancy $6.75 to produce. She sells her boxes of chocolate for $10. What is Clare's return of investment (ROI)?

When must equipment and inventory loans through the Small Business Administration (SBA) be paid pack?

Jake owns a garden supply store. His revenue at the end of last month was $12,200. What is Jake's run rate?

Crockin Corporation is considering a machine that will save $9,000 a year in cash operating costs each year for the next six years. At the end of six years it would have no salvage value. If this machine costs $33,165 now, the machine's internal rate of return is closest to (Ignore income taxes.):Use the table to determine the discount factor(s).IRR table.pdfDownload IRR table.pdfA) 19%B) 18%C) 16%D) 17%

Which of the following would not be reported in the operating activities section of a cash flow statement?A) Cash paid for interest expense.B) Cash paid for dividends to stockholders.C) Cash paid for employee wages.D) Cash received from customers.

On January 1, Year 1, Seitz Trucking paid $155,000 to purchase a truck. The truck was expected to have a four-year useful life and a $20,000 salvage value. If ST uses the straight-line method, the amount of net book value shown on the Year 1 balance sheet is:A) $33,750B) $121,250C) $155,000D) $135,000

A company purchased supplies for cash, which will be consumed during future months. Which of the following correctly describes the impact of the supplies purchase on the financial statements?A) Operating expenses will increase.B) Operating income will decrease.C) Total assets will decrease.D) Total assets will remain unchanged.

At the beginning of 2020, a corporation had assets of $270,000 and liabilities of $160,000. During 2020, assets increased $25,000 and liabilities increased $5,000. What was stockholders' equity at December 31, 2020?A) $130,000.B) $190,000.C) $140,000.D) $80,000.

Which of the following is primarily responsible for the information provided in the financial statements?A) Board of DirectorsB) Internal Accounting StaffC) Company Top ManagementD) External Auditors

Which of the following transactions will result in an increase in operating income as of the date of the transaction?A) The receipt of cash dividends from an investment.B) Collection of cash from a customer for services to be provided at a later date.C) Providing a service to a customer on account.D) The sale of investments at a gain

When the market rates of interest rise, then bond prices fall, everything else ...?

What tells us that interest rates will allow a bondholder to invest the coupon payments that thy receive at a now higher interest rate?

There is no dividend until who declares that a dividend be paid?

Long-term bonds have greater interest rate risk than what?

What is it called when a bond is denominated and may decline versus the bondholder's home currency?