Answered step by step
Verified Expert Solution
Question
1 Approved Answer
5. Which one of the following statements concerning stock exchanges is correct? A. NASDAQ is a broker market. B. The NYSE is a dealer market.
5. Which one of the following statements concerning stock exchanges is correct? A. NASDAQ is a broker market. B. The NYSE is a dealer market. C. The exchange with the strictest listing requirements is NASDAQ D. Some large companies are listed on NASDAQ E. Most debt securities are traded on the NYSE 9. The tax rates are as shown. Nevada Mining currently has taxable income of $97,800. How much additional tax will the firm owe if taxable income increases by $21,000? Taxable Income Tax Rate 50,001 - 75,000 0- 50,000 15% 25% 75,001 100,000 34% 100,001 335,000 39% A. $8,080 B. $8,130 C. $8,155 D. $8,170 E. $8,190 2011 10. Cost of goods sold $4,878 238 Interest Dividends 420 Depreciation Change in retained earnings 789 631 34% Tax rate What is the operating cash flow for 2011? A. $2,078.00 B. $2,122.42 C. $2,462.58 D. $2,662.00 E. $2,741.42 11. The Widget Co. purchased new machinery three years ago for $4 million. The machinery can be sold to the Roman Co. today for $2 million. The Widget Co.'s current balance sheet shows net fixed assets of $2,500,000, current liabilities of $1,375,000, and net working capital of $725,000. If all the current assets were liquidated today, the company would receive $1.9 million in cash. The book value of the Widget Co.'s assets today is and the market value of those assets is A. $4,600,000; $3,900,000 B. $4,600,000; $3,125,000 C. $5,000,000; $3,125,000 D. $5,000,000; $3,900,000 E. $6,500,000; $3,900,000 14. The Purple Martin has annual sales of $687,400, total debt of $210,000, total equity of $365,000, and a profit margin of 4.80 percent. What is the return on assets? A. 5.74 percent B. 6.48 percent C. 7.02 percent D. 7.78 percent E. 9.79 percent
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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