BUSI 320 Learnsmart Assignment Chapter 2 Liberty University Complete Answer

BUSI 320 Learnsmart Assignment Chapter 2 Liberty University Complete Answer

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Which of the following is determined by subtracting selling and administrative expense and depreciation expense from the gross profit in the income statement of a company?

Given the following information, the firm's cash flow from financing activities is _____? Equipment with a book value of $75,000 was sold for $50,000; investments in ABC Corporation's stocks, purchased for $125,000 one year ago, were sold for $150,000; cash dividends of $30,000 were paid; the firm sold $200,000 of its common stock.

Which of the following entities would normally look at free cash flows to determine whether there are sufficient excess funds to pay back a loan associated with a leveraged buyout.

The sum of operating, investing, and financing activities represents the net increase or decrease in ___ ___ for the company.

Using the following information, determine the cash flow from operating activities for the year 2014. Net income is $75,000 and depreciation expense for the year is $50,000.

The cash flow from operating activities is .

A company sells 500 shirts at a price of $15 each with a cost of goods sold of $2 per shirt. The company has selling and administrative expenses of $2,500, depreciation expenses of $500, interest expenses of $1,000, and a tax rate of 35%. Calculate the EAT?

Depreciation is a non-cash expense that is deducted from revenues to arrive at net income; therefore, it must be _____ net income to determine the actual amount of funds on hand.

Given the following information, XYZ Corporation's cash flow from investing activities is equal to negative _____. Equipment was sold for $50,000; investments in ABC Corporation's stocks, purchased for $125,000 one year ago, were sold for $150,000; land costing $500,000 was purchased for speculative purposes; bonds in XYZ Corporation were sold for $200,000.

In order to determine cash flows from operating activities, firms may use the _____ method in which net income represents the starting point and then adjustments are made to convert net income to cash flows from operations.

As of January 1, 2014, the company has $300,000 in retained earnings. During the year the company had earnings/net income of $150,000 and paid cash dividends of $50,000. What is the amount of retained earnings as of Dec. 31, 2014?

Depreciation is purely an accounting entry that does not directly involve the movement of funds. It is an attempt to match the annual expenses or plant and equipment ownership against the being produced.

A company's earnings after taxes are $200,000 and the firm pays preferred stockholders $18,000 in dividends. The company has 91,000 shares of common stock outstanding. Earnings per share is equal to ___ dollars.

A company has $80,000 in depreciation expense and a tax rate of 35%. The amount of the tax shield benefit is _____.

Company A has depreciation of $50,000 and earnings after taxes of $210,000. Company B has no depreciation and earnings after taxes of $240,000. Company A enjoys a higher level of cash flows form operation than company B by the amount of ______.

Match the accounts on the left with the placement number on the right with regard to the order in which the account would normally appear on the balance sheet.