A company had average total assets of $3,216,000, total cash flows of $1,320,000, cash flows from operations of $554,000, and cash flows for plant assets of $850,000. The cash flow on total assets ratio equals:
A. 17.23%.
B. 41.04%.
C. 26.43%.
D. 64.39%.
E. 41.97%.
Answer: A
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________ is when a firm tries to find and acquire either poorly performing firms with unrealized potential or firms in industries on the threshold of significant, positive change.
A. Leveraging core competencies B. Restructuring C. Parenting D. Sharing activities
Jacob Sawyer will deposit $3,000 into a special account each year beginning December 31, 2016, with the last deposit being made on December 31, 2019. Jacob wants to know how much will be in his account on December 31, 2019, immediately after the final deposit, if the account earns 10% compounded annually. To solve the problem, Jacob must find the future value of
A) a single sum. B) a deferred annuity. C) an ordinary annuity. D) an annuity due.
Midwest Enterprises uses special journals. The company borrowed $10,000 from First State Bank. This transaction is recorded in the ________.
A) general journal B) debt journal C) cash receipts journal D) cash payments journal
Answer the following statements true (T) or false (F)
1. Microfinance is the process in which small loans are given to entrepreneurial individuals in developing countries in order to develop income which will benefit the individual as well as the local village through poverty reduction. 2. One of the unique aspects of microfinance loans is that only a small amount of collateral is needed and the loans are usually repaid between two to five years. 3. The payback rate for microfinance loans is between 60 and 65%. 4. The underlying foundation to the concept of Fair Trade is that a free market based trade system does not always produce sustainable livelihood for the farmers and other members of the global food chain. 5. Human rights such as civil rights, property rights, and labor rights do not have a direct impact on the strategic focus of a firm.