For a given year, Rogers Express paid $318 in interest, $460 in dividends, and $368 in taxes. The firm had a net income of $1,220, depreciation of $1,560, an increase in net working capital of $220, an increase in net fixed assets of $950, and a decrease in long-term debt of $260. There were no changes in the equity accounts other than the change in retained earnings. What is the annual cash flow of the firm?
A) $3,148
B) $1,610
C) $2,780
D) $1,038
E) $50
D) $1,038
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Which of the following is NOT a "strange" financial statement relationship?
a. Increased revenues with decreased inventory b. Increased revenues with decreased receivables c. Decreased inventory with decreased payables d. Decreased volume with decreased cost per unit
The French would write a date as follows:
a. September 25, 2--- b. Paris, le 25 septembre 2--- c. 9/25/2--- d. 25th of September, 2---
The weighted average cost of capital up to the point when retained earnings are exhausted is ________. (See Table 9.2 )
A) 6.8 percent B) 7.7 percent C) 9.44 percent D) 11.29 percent
The act of state doctrine precludes outside interference in expropriation
Indicate whether the statement is true or false