Home / Questions / During the year Victory Solutions received cash of $5,000 billed to a customer in 2014
During the year, Victory Solutions: (1) received cash of $5,000 billed to a customer in 2014; (2) earned $20,000 of net income; (3) paid interest of $6,000 on a corporate bond issued; (4) paid dividends of $8,000 to its stockholders; (5) borrowed $40,000 from a local bank; and (6) purchased its own shares of common stock for $10,000. What is Victoria Solution’s cash flow from financing activities?
|
a. |
$40,000. |
|
b. |
$30,000. |
|
c. |
$22,000. |
|
d. |
$16,000. |
98. The following information pertains to Alpha Computing at the end of 2015:
|
Assets |
$970,000 |
|
Liabilities |
$560,000 |
|
Net Income |
$90,000 |
|
Common Stock |
$350,000 |
Alpha Computing’s Retained Earnings account had a zero balance at the beginning of 2015. What amount of dividends did the company pay in 2015?
|
a. |
$280,000. |
|
b. |
$150,000. |
|
c. |
$30,000. |
|
d. |
$80,000. |
99. The balance sheet of Computer World reports total assets of $350,000 and $450,000 at the beginning and end of the year, respectively. Sales revenues are $800,000, net income is $100,000, and net cash flows from operating activities are $150,000. What is Computer Worlds' cash return on assets?
|
a. |
33.3%. |
|
b. |
42.9%. |
|
c. |
25.0%. |
|
d. |
37.5%. |
100. The balance sheet of Computer World reports total assets of $350,000 and $450,000 at the beginning and end of the year, respectively. Sales revenues are $800,000, net income is $100,000, and net cash flows from operating activities are $150,000. What is Computer World's cash flow to sales?
|
a. |
15.6%. |
|
b. |
25.0%. |
|
c. |
18.8%. |
|
d. |
37.5%. |
101. The balance sheet of Computer World reports total assets of $350,000 and $450,000 at the beginning and end of the year, respectively. Sales revenues are $800,000, net income is $100,000, and net cash flows from operating activities are $150,000. What is Computer World's asset turnover?
|
a. |
2.0 times. |
|
b. |
2.3 times. |
|
c. |
0.5 times. |
|
d. |
1.8 times. |
102. The balance sheet of Sound Designs reports total assets of $750,000 and $800,000 at the beginning and end of the year, respectively. Sales revenues are $1.5 million ($1.2 million in the previous year), net income is $150,000, and net cash flows from operating activities are $175,000. What is Sound Designs' cash return on assets?
|
a. |
19.4%. |
|
b. |
21.9%. |
|
c. |
22.6%. |
|
d. |
18.8%. |
103. The balance sheet of Sound Designs reports total assets of $750,000 and $800,000 at the beginning and end of the year, respectively. Sales revenues are $1.5 million ($1.2 million in the previous year), net income is $150,000, and net cash flows from operating activities are $175,000. What is Sound Designs' cash flow to sales?
|
a. |
22.6%. |
|
b. |
11.7%. |
|
c. |
14.6%. |
|
d. |
13.0%. |
104. The balance sheet of Sound Designs reports total assets of $750,000 and $800,000 at the beginning and end of the year, respectively. Sales revenues are $1.5 million ($1.2 million in the previous year), net income is $150,000, and net cash flows from operating activities are $175,000. What is Sound Designs' asset turnover?
|
a. |
2.0 times. |
|
b. |
1.7 times. |
|
c. |
0.5 times. |
|
d. |
1.9 times. |
105. The balance sheet of Tech Track reports total assets of $400,000 and $500,000 at the beginning and end of the year, respectively. Sales revenues are $1.1 million ($0.8 million in the previous year), net income is $40,000, and net cash flows from operating activities are $50,000. How does Tech Track's cash return on assets compare to the industry average of 10%?
|
a. |
Better. |
|
b. |
Worse. |
|
c. |
Same as. |
|
d. |
Cannot be determined with the data provided. |
106. The balance sheet of Tech Track reports total assets of $400,000 and $500,000 at the beginning and end of the year, respectively. Sales revenues are $1.1 million ($0.8 million in the previous year), net income is $40,000, and net cash flows from operating activities are $50,000. How does Tech Track's cash flow to sales ratio compare to the industry average of 5%?
|
a. |
Better. |
|
b. |
Worse. |
|
c. |
Same as. |
|
d. |
Cannot be determined with the data provided. |
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