For August 2019, Ravi River Rafting will have cash receipts of RM94,000 and cash disbursements of RM75,000. If its beginning cash is RM2,000 and its desired reserve is RM5,000, will it ending cash be in excess or shortfall, and by how much?

Select one:

a. Shortfall of RM-11,000

b. Shortfall of RM-6,000

c. Excess of RM8,000

d. Excess of RM6,000

The annual dividend for Sapura Kenchana Corporation was RM2.20 per share and the firms required rate of return is 15%. If dividends are expected to grow at 7 percent annually for 3 years followed by 4 percent constant annual growth rate from year 4 to infinity, find the intrinsic value of Sapuras share.

Select one:

a. RM22.47

b. RM6.90

c. RM25.48

d. RM32.99

You have the option of two equally risk annuities, each paying RM5,000 per year for eight years. One is an annuity due and the other is an ordinary annuity. If you are going to be receiving the annuity payments, which annuity would you choose to maximize your wealth?

Select one:

a. the annuity due.

b. either one because they have the same present value.

c. the ordinary annuity.

d. Since we don't know the interest rate, we can't find the value of the annuities and hence we cannot tell which one is better.

Using the information provided, what is the inventory turnover for the firm?

ESH Electrical SS5

Selected Income Statement Items, 2019

Cash Sales RM1,500,000

Credit Sales RM7,500,000

Total Sales RM9,000,000

COGS RM6,000,000

ESH Electrical SS5

Selected Balance Sheet Accounts

12/31/2019 12/31/2018 Change

Accounts Receivable RM270,000 RM240,000 RM30,000

Inventory RM125,000 RM100,000 RM25,000

Accounts Payable RM110,000 RM90,000 RM20,000

Select one:

a. 48.00 times

b. 60.00 times

c. 53.33 times

d. 23.53 times