1-the statement of cash flows provides a summary of the firms

a- cash flows from operating activities .

b-cash inflows from financing activities

c-cash flows from investment activities

d- all of the above

2- which of the following is a source of cash flows

a- cost of goods sold

b-Depreciation

c- interest expense

d-taxes

3- calculate net operating profit after taxes (NOPAT)if a firm has sales of $1,000,000 operating profit (EBIT)of $100,00 interst expense of $ 50,000 and a tax rate of 30%

a- $ 35,000

b-$700,000

c- $ 70,000

d- none of the above

3-the financial planning process begins with --------- financial plans that in trun guide the formation of ------- plans and budgets

a-short -run ,long -run

b-short -run , operating

c- long-run,strategic

d- long-run,short-run

4- the-----------is a financial projection of the firms short term cash surpluses or shortages

a-operating financial plan

b-cash budget

c-strategic financial journal

d-capital assets journal