Question 27 Not yet answered Marked out of 1.00 p Flag question The firm may have increased long-term debts to finance I. an increase in gross fixed assets. II. an increase in current assets. III. a decrease in notes payable. Select one: a. All of the above b. I and III only c. II and III only d. I and II only Question 28 Not yet answered Marked out of 1.00 p Flag question Izni invested RM400 eight years ago earning 7% interest per year. If Izni spends all her interest earnings immediately after receiving them, she earns interest. Select one: : O a. interest on O b. only simple C. no O d. complex Question 29 Not yet answered Marked out of 1.00 p Flag question Which of the following will result in the highest present value of a fixed lump sum in the future, all other factors being constant? Select one: a. 8% discount rate of the lump sum in 5 years b. 4% discount rate of the lump sum in 5 years C. 8% discount rate of the lump sum in 10 years d. 4% discount rate of the lump sum in 10 years Question 30 Not yet answered Marked out of 1.00 p Flag question Mummy Steak House has a return on assets (ROA) of 10.9%, a return on equity (ROE) of 16.7%, and a retention ratio of 60%. Calculate the firm's sustainable growth rate. Select one: O a. 7.00% b. 7.16% C. 4.56% O d. 11.14% Question 31 Not yet answered Marked out of 1.00 p Flag question Samad, a Finance Manager, is attempting to forecast next year's income statement and balance sheet. Current sales are RM565,000 and are expected to increase 15% next year. The majority of the firm's operating expenses are expected to increase too. The depreciation expense is expected to be RM135,400. The planned purchase of new equipment is expected to cost RM287,000. Currently the firm has total net fixed assets of RM847,000. What will be the value of net fixed assets in the forecasted year? Select one: a. RM847,000 b. RM1,134,000 O C. RM998,600 d. RM287,000