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Fin 340 NAU Exam 2- Questions and Answers
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Fin 340 NAU Exam 2- Questions and Answers
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Fin 340 NAU Exam 2- Questions andAnswers
What goes on a Monthly Cash Budget? (if drawing one out is easier than listing, feel free)
Correct Ans-Inflows(Revenue & Any Loan $),
Outflows(Purchases,Expenses,taxes,dividends,loan pmts), and Ending numbers (Begining cash,
Net inflow, Ending cash, min cash balance, surplus/deficit)
What goes on a Balance Sheet? (if drawing one out is easier than listing, feel free) Correct
Ans-Assets:(Cash, A/R, Inventory,Land/equipment/furniture, Accumulated depreciation)
Liabilities:(A/P, accrued tax, accrued wages, other liabilities, common stock, L-t debt, s-t
debt,Retained earnings[net income +rollover RE from previous yr-dividends])
=Surplus/Deficit
What goes on an Income Statement? (if drawing one out is easier than listing, feel free)
Correct Ans-(sales- COGS)=Gross Profit Margin
(Operating Expenses (including Depreciation)= Total Opp. Exp.
EBIT
Interest
EBT
Taxes
Less:dividends
Net Income
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