A business person starts a retail company by contributing $100,000 cash The company then buys inventory for $90,000, has le 150.000 cost of a salaries of $30,000, rental of $12,000, advertising expenses of $8,000 and equipment purchases of $40,000. Al of the transaction purchase The financial statements of the company would show of Select one a. Loss of $70,000, cash of $110,000, and equity of $30,000 b. Profit of $10,000, cash of $110,000, and equity of $120,000 c. Profit of $20,000, cash of $110,000, and equity of $120,000 d. Profit of $20,000, cash of $30,000, and equity of $100,000 If a business has fixed assets of $750,000, working capital of $150,000, and long-term debt of $300,000, its shareholders' equity can be calculated as of Select one a. $900.000 b. $1,200,000 Oc$600.000 O d. $1,050,000 Opening inventory for a month is $25,000 and closing inventory for the same month is $30,000. Cost of goods sold for the month is $35.000 Purchases to Select one - a $50 000 b. $20.000 c. $40.000 od $30.000 "Week 5 Financial analysis Sales $2... A new retail business has sales of $100,000, cost of goods sold of $35,000, salaries of $15,000, rental of $4,000, and advertising of $8,000 All of the income and expensestone been paid out of the owner's initial capital of $25,000. In addition, the business paid cash of $30,000 for inventory (which remains unsold) and purchased equipment for $20.000 The financial statements of the business would show Select one: a. Profit of $38,000, cash of $13,000, and shareholders' equity of $25,000 b. Profit of $38,000, cash of $33,000, and shareholders' equity of $63,000 O c. Profit of $63,000, cash of $33,000, and shareholders' equity of $38,000 d. Profit of $65,000, cash of $3,000, and shareholders' equity of $38,000 Managers make three types of decisions that lead to shareholder value, namely Select one O a Operating, financing, and investment decisions O b. Operating, management, and financing decisions c. Operating, management, and investment decisions O d. Management financing, and investment decisions Which of the following is NOT a qualitative charactenstic of financial planning? Select one a Relevance b. Faithful representation Meeting with Geo Good luck dass c. Understandability GD d Accuracy e Reply E ENG A business person starts a retail company by contributing S100 000 cash The company then buys inventory for $90.000 has sales of $150.000, 12.000 vertising expenses of $8,000 and equipment purchases of $40,000 All of the transactions except the po A business person starts a retail company by contributing $100,000 cash The company then buys inventory for $90,000, has le 150.000 cost of a salaries of $30,000, rental of $12,000, advertising expenses of $8,000 and equipment purchases of $40,000. Al of the transaction purchase The financial statements of the company would show of Select one a. Loss of $70,000, cash of $110,000, and equity of $30,000 b. Profit of $10,000, cash of $110,000, and equity of $120,000 c. Profit of $20,000, cash of $110,000, and equity of $120,000 d. Profit of $20,000, cash of $30,000, and equity of $100,000 If a business has fixed assets of $750,000, working capital of $150,000, and long-term debt of $300,000, its shareholders' equity can be calculated as of Select one a. $900.000 b. $1,200,000 Oc$600.000 O d. $1,050,000 Opening inventory for a month is $25,000 and closing inventory for the same month is $30,000. Cost of goods sold for the month is $35.000 Purchases to Select one - a $50 000 b. $20.000 c. $40.000 od $30.000 "Week 5 Financial analysis Sales $2... A new retail business has sales of $100,000, cost of goods sold of $35,000, salaries of $15,000, rental of $4,000, and advertising of $8,000 All of the income and expensestone been paid out of the owner's initial capital of $25,000. In addition, the business paid cash of $30,000 for inventory (which remains unsold) and purchased equipment for $20.000 The financial statements of the business would show Select one: a. Profit of $38,000, cash of $13,000, and shareholders' equity of $25,000 b. Profit of $38,000, cash of $33,000, and shareholders' equity of $63,000 O c. Profit of $63,000, cash of $33,000, and shareholders' equity of $38,000 d. Profit of $65,000, cash of $3,000, and shareholders' equity of $38,000 Managers make three types of decisions that lead to shareholder value, namely Select one O a Operating, financing, and investment decisions O b. Operating, management, and financing decisions c. Operating, management, and investment decisions O d. Management financing, and investment decisions Which of the following is NOT a qualitative charactenstic of financial planning? Select one a Relevance b. Faithful representation Meeting with Geo Good luck dass c. Understandability GD d Accuracy e Reply E ENG A business person starts a retail company by contributing S100 000 cash The company then buys inventory for $90.000 has sales of $150.000, 12.000 vertising expenses of $8,000 and equipment purchases of $40,000 All of the transactions except the po