1.

Nickolas Company has an accrual basis net income of $130,000 and the following related items:

Depreciation expense	$38,000
Accounts receivable increase	12,000
Inventory decrease	14,000
Accounts payable decrease	8,000

How much is Nickolas's net cash flow from operating activities?

Select one:

A. $124,000B. $162,000C. $ 87,000D. $160,000

2.

Samantha Modeling School has an accrual basis net income of $64,000 and the following related items:

Amortization expense	$26,000
Accounts receivable decrease	14,000
Inventory decrease	10,000
Interest payable increase	12,000
Dividends paid	2,000

What is Samantha Modeling School's net cash flow from operating activities?

Select one:

A. $ 81,000B. $126,000C. $124,000D. $ 75,000

3.

The following amounts have been taken from the recent financial statements for Sammie Enterprises:

Current liabilities	Cash from operations	Expenditures on PPE	Dividends (cash)
$890,000	$2,050,000	$500,000	$130,000

Which of the following amounts is the free cash flow for Sammie Industries?

Select one:

A. $1,550,000B. $ 660,000C. $2,050,000D. $ 530,000

4. The following amounts have been taken from the recent financial statements for Sirius Industries:

Current Liabilities (1/1/2013)	Current Liabilities (12/31/2013)	Cash from Operations	Expenditures on PPE
$1,240,000	$1,300,000	$2,660,000	$560,000

To the closest hundredth, which of the following amounts is Sirius's operating cash flow to current liabilities ratio?

Select one:

A. 2.05B. 1.09C. 2.09D. 1.75

5. To qualify as a cash equivalent, an investment must:

Select one:

A. Be easily convertible into a known cash amountB. Be three months or more from maturityC. Be over $100,000 in amountD. All of the above