In a drum-buffer-rope scheduling system, the "drum" represents which of the following?
A) a drum of jobs to be selected
B) the constraint against too much being loaded into the master schedule
C) the master schedule for the operation
D) a safety stock of material
C
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For the year ending December 31, 2018, Sparks Electric expects net cash provided by operations of $328,000, net cash used by investing activities of $141,000, and net cash provided by financing activities of $50,000. Sparks plans to spend $259,000 to add a warehouse for its operations and pays $35,000 in cash dividends. What is the amount of free cash flow?
A) $237,000 B) $34,000 C) $69,000 D) $(72,000)
Pettijohn Inc.The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.
Balance Sheet (Millions of $) Assets2016 Cash and securities$ 1,554.0 Accounts receivable9,660.0 Inventories 13,440.0 Total current assets$24,654.0 Net plant and equipment 17,346.0 Total assets$42,000.0 Liabilities and Equity Accounts payable$ 7,980.0 Notes payable5,880.0 Accruals 4,620.0 Total current liabilities$18,480.0 Long-term bonds 10,920.0 Total liabilities$29,400.0 Common stock3,360.0 Retained earnings 9,240.0 Total common equity$12,600.0 Total liabilities and equity$42,000.0 Income Statement (Millions of $)2016 Net sales$58,800.0 Operating costs except depr'n$55,274.0 Depreciation$ 1,029.0 Earnings bef int and taxes (EBIT)$ 2,497.0 Less interest 1,050.0 Earnings before taxes (EBT)$ 1,447.0 Taxes$ 314.0 Net income$ 1,133.0 Other data: Shares outstanding (millions)175.00 Common dividends$ 509.83 Int rate on notes payable & L-T bonds6.25% Federal plus state income tax rate21.7% Year-end stock price$77.69 Refer to the data for Pettijohn Inc. What is the firm's TIE? A. 1.73 B. 1.93 C. 2.14 D. 2.38 E. 2.62
A flexible budget is based on a single predicted amount of sales or other activity measure.
Answer the following statement true (T) or false (F)
A bond with a face value of $1,000 that sells for less than $1,000 in the market is called a ________ bond.
A) par B) discount C) premium D) zero coupon E) floating rate