(TRUE or FALSE?) If a firm needs to finance a new corporate headquarters building. then it would most likely seek the funds in the money market. True False Question 14 Which of the following statements is correct? Stockholders equity represents the residual caim of the owreis on the rempirins assets of the firm after all nabilities have been paid. A. the answers are cortect. I a company sells foxed assets during the year, it decreases cash becpise it inust use eash to pay for the seling. The income statement reports the firm's frarcial position at a partioular pornt in dime. A decrease in notes payable is a source of cash. Question 15 Which of the follewing statements is correct? Question 11 (TRUE or FALSE?) Recession occurs when real output from the economy is decleasing and unemplovment is increasing. Question 12 1pts (TRUE or FALSE?) The NYSE is an example of the over-the-counter market. True Tine Question 13 (TRUE or FAISE?) If a fiem needs to finance a new corporate headquarters buildine then it would most laely seek the funds in the money market. Tesla lne. has current liabilities of $11.700 and accounts recelvable of $15,200. The fiem has total assets of S43,400 and net fixed assets (net LTA of $24,800. The owners' equity has a book value of $21,000. What is the anount of the net working eapital? $3,500 58.300 53800 56,900 510700 Question 10 Sunmy Valley Associates prepared its financial statement for 2008 based on the intomation given here. The company had cash worth $1.234, inventery worth $13,480, and accounts receivabies of $7,789. The company 5 net fred assets are $42,331, ind other assets are $1.822. it had accounts payables of $9,558, notes pryables of \$2,756, common stock of $22,000, and retained eamings of $14,008. How much lons-term debt does the firm have? fore od the answers is correct. \$12,314 $76342 554.342 A decrease hn notes payable is a souree of cash. Question 15 Which of the following statements is correct? A) the answers are correct. Total Stochholder's cquity = Total assets Totil G bitities Ferms uning UFO will have the lowest cost of poods sold, the hishest net nconvin and the hi ises faventery value. Question 16 (TRUE or FALSE? An increase in inventory increases a frims cash position. True