Answered step by step
Verified Expert Solution
Question
1 Approved Answer
16) Assume the following in Excel: Cell A1 - interest expense for 2017; Cell A2-long-term debt for 2017; Cell A3 - long-term debt for 2016;
16) Assume the following in Excel: Cell A1 - interest expense for 2017; Cell A2-long-term debt for 2017; Cell A3 - long-term debt for 2016; Cell A4 - dividends paid 2017; Cell A5-common stock on balance sheet 2017; Cel A6 common stock on balance sheet 2016. The correct formula for the cash flow to creditors in 2017 would be B) A4- (A5- A6) A1 (A2 - A3) D) A5-(A4 A6) A)(A2-A3) /Al 17) Which of the following combinations of changes would result in the net profit margin increasing by approximately 10%? A) Sales-2%; Net income + 12% C) Net income + 7%; Sales + 3% B) Net income + 5%; Sales-5% D) Sales +5%; Net income + 2% 18) When a firm's accounts receivable goes up, this is the result of making or extending a short-term loan and serves as aof funds for the firm. suppliers use B) suppliers; source C) the firm; use D) customers; source 19) Which of the statements below describes the correct capital budgeting decision rule? A) Accept a project if the NPV is greater than the IRR Reject a project if the cost of capital exceeds the IRR Accept a project if the cost of capital is greater than the NPV. D) Reject a project if the cost of capital is less than the NPV
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started