Which of the following would be unlikely to be on the Securities and Exchange Commission staff:
a. an attorney
b. an accountant
c. a financial analyst
d. both a and c are unlikely to be on the SEC staff e. a, b and c are all likely to be on the SEC staff
e
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Below is information for Dakota Corp for 2016 and 2017: Bonds payable, December 31, 2016 $500,000 Bonds payable, December 31, 2017 800,000 Loss on bond retirement—2017 15,000 Interest expense on bonds—2017 45,000 At the end of 2017, Dakota issued bonds at par value for $800,000 cash. The proceeds from these bonds were used to retire the $500,000 bond issue outstanding at the end of 2017
(before their maturity date). All interest expense was paid in cash during 2017. The following statements describe how Dakota reported the cash flow effects of the items described above on its 2017 statement of cash flows. The indirect method is used to prepare the operating activities section. Which of the following has been reported incorrectly by Dakota? a. Proceeds of $800,000 from the issuance of bonds were reported as a cash inflow in the financing activities section. b. The loss on bond retirement of $15,000 was added to net income in the operating activities section. c. Payments of $560,000 were reported as a cash outflow in the investing activities section. d. Interest expense of $45,000 was not reported separately because it is included in net income in the operating activities section.
The ________ section of the statement of cash flows includes increases and decreases in long-term assets.
A) investing activities B) financing activities C) operating activities D) non-cash operating activities
You pay 20% down on a home with a purchase price of $180,000. Your bank will loan the remaining balance of $144,000 at 7% APR. You have an option to make annual payments or monthly payments on the loan
Both options have a 30-year payment schedule. What is the annuity payment under the annual plan? What is the annuity payment under the monthly plan? What will be an ideal response?
The ultimate goal of capital budgeting analysis is to select projects that:
A) maximize shareholder wealth. B) cost the most funds. C) lower operating expenses. D) increase sales and market share. E) enable managers to keep their jobs.