The accounts of Weston Inc indicate the following changes in long-term assets and capital for the past year:
(1 ) Fifty thousand (50,000 ) shares of common stock were sold at $25 per share.
(2 ) Two million dollars ($2 million) in bonds matured and were retired.
(3 ) Dividends of $1 million were paid.
(4 ) Net fixed assets declined by $200,000.
(5 ) Net income was calculated to be $2
million.
(6 ) Depreciation expense was $1.5 million.
What was the increase or decrease in net working capital?
A) +$450,000
B) ?$250,000
C) ?$1,950,000
D) +$1,950,000
E) +$3,300,000
A
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A bank in poor condition may take out a loan under close Fed scrutiny. Such a loan is known as
A. a secondary credit discount loan. B. a haircut. C. a covenant. D. a primary credit discount loan.
All other things held constant, which of the following ratios would not be improved if a company structures a leasing transaction as an operating lease rather than a capital lease?
a. Debt to equity ratio b. Quick ratio c. Price-earnings ratio d. Return on investment
Answer the following statement(s) true (T) or false (F)
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According to the text, which of the following is a good coping mechanism to deal with fear of failure
a. reframe specific goals so they are more achievable b. separate your personal feelings from facts c. allow yourself to feel your failure d. all of these