Question 14 2 points A firm has just ended the calendar year making a sale in the amount of $200,000 of merchandise purchased during the year at a total cost of $150.500. Although the firm paid in full for the merchandise during the year, it has yet to collect at year end from the customer. One possible problem this firm may face is insolvency low profitability inability to receive credit high leverage Question 15 The cash flows from financing activities section of the statement of cash flows includes labor expense cost of raw materials purchase of long-term assets dividends paid Question 16 A firm with sales of $1,000,000, net profits after taxes of $30,000, total assets of $1,500,000, and common stockholders' investment of $750,000 has a return on equity of 20 percent 4 percent 3 percent 15 percent Question 17 The time value concept/calculation used in amortizing a loan is future value of a dollar future value of an annuity present value of a dollar present value of an annuity