Exam (elaborations)
HBS Business CORE - HBX CORe Final Exam Questions with 100% Correct Solutions
- Course
- HBS Business CORE - HBX CORe
- Institution
- Harvard University
HBS Business CORE - HBX CORe
[Show more]
Content preview
Practice Exam1)
As of Dec. 31, 2013, a company had current assets of $600,000 and current liabilities of
$300,000. Sales of the company are expected to increase by 10 percent for each of the
next two years. If all current assets and current liability accounts increase proportionately
with sales, what would be the projected current ratio of the company on Dec. 31, 2015?
1.65
2.00
correct
2.20
2.42
2) A project has an initial cost of $18,000. The estimated net cash flows of the
project are as follows:
Net Cash Flows
Year 1 $4,000
Year 2 $4,000
Year 3 $6,000
Year 4 $8,000
Year 5 $8,000
What is the project's payback period?
3.0 Years
3.5 Years
correct
3.75 Years
4.0 Years
, 3) Below are some of the accounts that Company F has on their books:
Cash and Cash Equivalents $2,000
Insurance Expense $250
Accounts Payable $800
Prepaid Rent $400
Accounts Receivable $750
Deferred Revenue $1,650
Inventory $925
Which of the amounts below is the correct total of liabilities?
$2,450
correct
$800
$1,650
$2,700
4) What denominator amounts does an analyst use to calculate the common size
balance sheet and income statement?
Current assets and net income, respectively
Total assets and operating income, respectively
Total assets and sales, respectively
correct
Owner's equity and sales, respectively
, 5) A company had the following trial balance on Dec. 31, 2013:
What is the company's net income for 2013?
$45,000
$95,000
correct
$120,000
$170,000
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YourAssignmentHandlers. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
