BSG QUIZ 2 QUESTIONS AND ANSWERS 2023
A+GRADED…
Exchange rate shifts that cause the Sing$ to be weaker versus the Brazilian real
A. Make the export of footwear from Asia-Pacific facilities to Latin America less
competitive and give rise to negative/favorable exchange rate cost adjustments
B...
BSG QUIZ 2 QUESTIONS AND ANSWERS 2023
A+GRADED…
Exchange rate shifts that cause the Sing$ to be weaker versus the Brazilian real
A. Make the export of footwear from Asia-Pacific facilities to Latin America less
competitive and give rise to negative/favorable exchange rate cost adjustments
B. Make the export of footwear from Asia-Pacific facilities to Latin America less
competitive and give rise to positive/unfavorable exchange rate cost adjustments
C. Make the export of footwear from Asia-Pacific facilities to Latin America more
competitive and give rise to negative/favorable exchange rate cost adjustments
D. Make the export of footwear form Asia-Pacific facilities to Latin America less
competitive and give rise to negative/unfavorable exchange rate cost adjustments
E. None of the above are accurate. - CORRECT ANSWER --A. Make the export of
footwear from Asia-Pacific facilities to Latin America less competitive and give rise to
negative/favorable exchange rate cost adjustments
Given the following Year 12 Financial Statement data for a footwear company:
Income Statement Data:
Income Statement Revenues from Footwear Sales. $350,000
Operating Profit (Loss). $100,000
Net Profit (Loss). $63,000
Balance Sheet Data:
Cash on Hand. $10,000
Total Current Assets $70,000
Total Assets. $313,000
Overdraft Loan Payable. $5,000
1-Year Bank Loan Payable. $10,000
Current Portion of Long-term Loans. $17,000
Total Current Liabilities. $48,000
L-T Bank Loans Outstanding. $90,000
Shareholder Equity: Year 11 Balance. Year 12 Change. Year 12 Balance
Common Stock. 10,000. 0. 10,000
Additional Capital. 123,000. 0. 123,000
Retained Earnings. 29,000. 13,000. 42,000
Total Shareholder Equity. 162,000. 13,000. 175,000
Other Financial Data
Depreciation. 11,650
Dividend Payments 15,000
Based on the above figures, the company's "cash flow from operations" in Year 12
was
A. 63,000
B. (3,350)
C. 59,650
D. 38,500
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