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QUESTION 27 Team Shirts had net income of $23,000. The balance sheet showed beginning and ending balances in shareholders were no preferred shares and 20,000 common shares outstanding, Calculate the return on equity 21.9% o 1.15% O 5.25% QUESTION 28 On November 30 2011, t in Thyme Inc issued$100,000 of20-year, 9% bonds at 100 The bonds pay interest semiannually on May 30 and How much cash will just in Thyme pay when the bonds mature? $100,000 $109,000 $91,000 QUESTION 29 In December 2011 B. R ch worked fo Payless, inca d earned $100 0 Federal income tax withholding is 20% The FICA rate is 6,2% and th. Medicare tax is 1.45% How much cash will Payless pay the government for FICA because of B. Rich's December earnings? $1,240 O$2,765 $765 $1,530 Use the following selected information from XXZ Corporation to determine the return on assets for the year $150,000 $120,000 total nests Ending total asses Net income nterez Total revenue Total $5000 270,000 50% 25% 046% QUESTION 31 On January 1, 2011, Climax Corporation signed a $10,000 000 6 % 10 year mortgage note to finance the construction ores ne Round your answer to the nearest dollar w hotel in Cancun. The note wil be The first payment was made on December 31, 2011. How much of the first mortgage payment was interest? $1,000,000 $81,521 $1,358,679 O$600,000 QUESTION 32 Waliston Skateboards had net cash from operating a also spent $4,925 on office equipment. Free cash flow for the month was activities of $63,780. During the month, the firm paid no dividends and $575 in interest. Williston Skateboards $63,780 $63205 $58,280 $58,855 QUESTION 40 On November 30, 2011 Just in Tyme, Inc issued S10.000 of 20 year, 9% bonds at 100 The bondspyine ser arrualyon May aadNeemberno, its statement of cash flows for the year ended December 31, 2011, Just in Thyme will show Cash paid for interest of O S75) in the cash flows from financing activities section of the statement 0 $(4S0) in the cash flows from operating activities section of the statement O $(900) in the cash flows from operating activities section of the statement QUESTION 41 OnJune 30, 2011, Xanadu Corporation issued $200,000 of 10 year, 8% bonds at 9S The bonds pay interest semi-annually on June 30 and December 31,These bonds sold at O a premium O a discount Opar O The answer cannot be determined from the information pen QUESTION 42 arranged for a 10 year, S100,00 , 7% mertgage loan on January 1 2010. A nual payments of $14,238 will be me le ter n fata ce gan O Total assets, liabilities and shareholders' equity will all decrease. 0 Only total assets and total liabiites will decrease. Only total assets and total shareholders' equity will decrease. Total liabilities will increase and total shareholders' equity will decrease QUESTION 43 A source of cash from operating activities s proceeds from a loan collection of an account receivable cash received from the sale of used equipment QUESTION 44 2.6 In ecember 2011, Homer Simpson worked for refeld Power and earned SS Medicare tax is 1.45%, what is Homer's gross pay? O Federal com e tax with angis 15% The Rara esas andthe $5,000 o $4250 o $3.940 O $3,867 50 QUESTION 45 2. host to see O positive cash from operating activities O negative cash from operating activities positive cash from investing activities O positive cash from financing activities QUESTION 46 When a bond sells for 99, the bondisseling at O a discount O a premium O par O face value