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linda_us
linda_us, Master's Degree
Category: Business and Finance Homework
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1. PDQ Corp. has sales of $4,000,000; the firms cost of goods

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1. PDQ Corp. has sales of $4,000,000; the firm's cost of goods sold is $2,500,000; and its total operating expenses are $600,000. The firm's interest expense is $250,000, and the corporate tax rate is 40%. What is PDQ's net income? (Points : 1)
$288,000
$350,000
$377,000
$390,000


2. Li Retailing reported the following items for the current year: Sales = $3,000,000; Cost of Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses = $150,000; Interest Expense = $30,000; Marketing Expenses = $80,000; and Taxes = $300,000; Li's operating profit margin is equal to (Points : 1)
25.67%
35.67%
36.67%
50.00%



3. During the period 1984 to 2008, the average yield on 3-Month U.S. Treasury bills was 4.76%, the average inflation rate was 2.97%, the average yield on 30-year Treasury bonds was 6.89%, and the average return on 30-year Aaa-Rated Corporate Bonds was 7.73%. The real risk-free short-term interest rate is (Points : 1)
1.79%.
2.13%.
2.97%.
4.76%.


4. Baron, Inc. has total current assets of $1,200,000; long-term debt of $600,000; total current liabilities of $500,000; and long-term assets of $800,000. How much is the firm's net working capital? (Points : 1)
$1,000,000
$900,000
$600,000
$700,000


5. An income statement may be represented as follows: (Points : 1)
Sales - Liabilities = Profits.
Revenues - Liabilities = Net Income.
Sales - Expenses = Retained Earnings.
Sales - Expenses = Profits.


6. Maximization of shareholder wealth (Points : 1)
represents a zero sum game in which one corporation gains at the expense of others.
provides benefits to society as scarce resources are directed to their most productive use.
is not a practical goal since it cannot be measured effectively.
is achieved only if cash flows exceed accounting profits.


7. PDQ Corp. has sales of $4,000,000; the firm's cost of goods sold is $2,500,000; and its total operating expenses are $600,000. The firm's interest expense is $250,000, and the corporate tax rate is 40%. What is PDQ's tax liability? (Points : 1)
$258,000
$260,000
$360,000
$600,000


8. PDQ Corp. has sales of $4,000,000; the firm's cost of goods sold is $2,500,000; and its total operating expenses are $600,000. What is PDQ's EBIT? (Points : 1)
$850,000
$875,000
$900,000
$1,300,000


9. Net working capital is equal to (Points : 1)
total assets minus total liabilities.
current assets minus total liabilities.
total operating capital minus net income.
current assets minus current liabilities.


10. Corporation B reported earnings per share of $10. Corporation B has 100,000 shares of common stock outstanding and reported an increase in owners equity of $400,000 for the period. Corporation B paid $50,000 in interest expense during the period. Corporation B paid dividends per share of (Points : 1)
$6.00.
$5.50.
$6.50.
$14.003.
Hi

Welcome to JA. Do you still need this?

Regards

Linda
Customer: replied 5 years ago.
Linda,
I do still need the answers not sure how this works so let me know.
I am working on your question. Once I post the solution, you can view the solution and an accept button will appear and if you are satisfied you click accept so that I get paid. You have chosen to pay $40 for these question.

Customer: replied 5 years ago.
Ok will stand by for the results, and thanks very much.


Please CLICK HERE for Solution

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You can request me in future by writing "FOR LINDA" in front of your post.

Regards

Linda
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