Question : 97. During the year, Victory Solutions: (1) received cash of : 1255751

 

 

97. 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.

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more