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6. Firm J's accounts receivable balance increased from $1,500 at the end of 2013 to $2,500 at the end of 2014. This was a of
6. Firm J's accounts receivable balance increased from $1,500 at the end of 2013 to $2,500 at the end of 2014. This was a of funds in the amount of a. source, $800 b. source, $1,000 c. use, $800 d. use, $1,000 7._ is an expense that reflects the consumption over time of the services of long-lived assets. a. depreciation b. interest c. intangibles d. prepaid items 8. Firm Y has a Debt/Equity ratio of 0.45. What is the firm's total debt ratio, Total Debt/Total Assets? a. 0.15 b. 0.23 c. 0.29 d. 0.31 Suppose that Firm Z has depreciation expense of $132,000.If this firm could have used an alternate depreciation technique during the period that would have allowed it to deduct $146,000 of depreciation expense instead, how much would its operating cash flow after tax have changed if its marginal tax rate is 34 percent? a. $2,720. b. $3,440. c. $4,760. d. $5,200. 10. A source of funds for the firm is: a. funds from operations b. sale of assets. c. purchase of its outstanding stock. d. both A and B are sources of funds
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