1) Ceteris paribus, If a company's tax rate is 40%, a decrease of $1000 in depreciation expense would cause net income to go _____ and leave the firm with _____ cash.

A.up by $600; less

B.down by $600; the same amount of

C.down by $400; less

D.up by $400; more

2)A rising WACC ________ the values of the firm's future cash flows.

A.has no effect on

B.reduces

C.increases

D.keeps constant

3)Which of the following statements is TRUE?

A.The dealers of stock are not allowed to make money on the difference between what they buy the stock for and what they sell it for.

B. A bull market is a prolonged declining market, one in which stock prices in general are decreasing.

C.The ask price is the price at which a dealer is willing to sell, and the bid price is the price at which a dealer is willing to buy.

D. A bear market is a prolonged rising market, one in which stock prices in general are increasing.

4) Find the operating cash flow for the year for Harper Brothers, Inc. if it had sales revenue of

$300,700,000,cost of goods sold of $147,200,000, sales and administrative costs of $40,600,000,

depreciation expense of $62,100,000, and a tax rate of 40%.

Question: The operating cash flow is _______(Round to the nearest dollar.)