\\(UEDI IUI' I On a Cash Flow Statement, if Operating Activities show a positive total of $16,000, and Investing Activities show a negative total of ($35,000), and the overall change in cash was a positive value of $20,000, then Financing Activities must have had: a. a positive total of $46,000. b. a negative total of ($46,000). c. a positive total of $39,000. d.a negative total of ($19,000). e. none of the above. QUESTION 2 The higher your target prot goal becomes, and nothing else changes in your costs and revenue relationships, the more units of your product must be sold. True False QUESTION 3 In creating a cash flow statement, if there is a gain on the sale of a big asset shown in the income statement, we show it as a positive item in the Operating Activities. True False The three sections of a Cash Flow Statement are called: a. Investing, Divesting and Operating. b. Operating, Investing and Financing. c. Operating. Receiving and Paying. d. Financing, Spending and Saving. e. None of the above. QUESTION 6 Sensitivity Analysis refers to: a. meauring how deep your feelings are, for your native country. b. suiggesting possible changes to your revenue or cost structure, and measuring the effect on your breakeven point. c. becoming extremely emotional about small things. d. letting your dentist probe your teeth, looking or cavities. e. none of the above. QUESTION 7 If a company's VR is .38, its CR must be .62. True False QUESTION 3 The Cash Flow Statement goes way back in history; ancient cavemen and cavewomen produced cash ow statements that are available for us to see today. True False QUESTION 9 Fixed costs are assumed to be staying at the same total for a given time period, at any level of activity (such as units produced, or whatever....). True False QUESTION 10 The correct amount of depreciation expense to add back in a Cash Flow Statementis always: a. the amount shown in the income statement. b. the amount of change seen in the Accumulated Depreciation account. c. the amount of change seen in the Equipment account. d.the amount of change seen in the Cash account. e. None of the above. QUESTION 11 The Cash Flow Statement: a. is a statement that has been around in its current format for a few hundred years. b. is a statement whose format was only nalized about 30 years ago. c. is not really a formal nancial statement, like the Income Statement and Balance Sheet are. d.does not tell us anything useful. e. none of the above. QUESTION 12 A xed cost total will vary, depending on how many units of product you produce. True False QUESTION 13 If a longterm asset had an original cost of $40,000, and accumulated depreciation of $35,000, but was sold for double its book value, there was: a. a gain on sale of $10,000. b. a loss on sale of $10,000. c. a loss on sale of $5,000 d.a gain on sale of $5,000. e. None ofthe above. QUESTION 14 If the income tax rate is 39%, the BeforeTax profit equal to an Aftertax prot of $58,000 is:(to the nearest dollar) a. $148,718 b. $125,984 c. $95,082 d. $77,421 e. None ofthe above. QUESTION 15 If a company's xed costs are suddenly doubled (but nothing else changes), then its breakeven point in both units and dollars will: a. be cut in half. b. also be doubled. c. be reduced, because the contribution margin per unit will be greater. d. be increased, because the contrribution margin per unit will be smaller. e. none of the above. QUESTION 16 If a Cash Flow Statement shows $25 as Cash From Operating Activities, $(17) as Cash from Investing Activities, and the overall change in cash is $40, then Cash From Financing Activities must be: a. $45 b. $(45) c. $32 d. $23 e. None of the above. QUESTION 17 If Accounts Receivable has increased from one yearto the next, you will show the change on your Cash Flow Statement as an addition to your Operating Activities total. True False QUESTION 18 We have studied two major accounting topics in ACCT 2017 so far. True False QUESTION 19 If the dividend amount is not provided for you when writing a Cash Flow Statement, you can find out by comparing the Net Income with the change in the Cash account from one period to the next. True False QUESTION 20 The Contribution Margin per unit will be smaller than the revenue per unit, if there are variable costs involved. True False QUESTION 21 If your company's breakeven point is 4,000 units, and you manufacture and sell 4,753 units, your margin of safety is: a. 357 units. b. 537 units. c. 942 units d. 375 units e. None of the above. QUESTION 23 If a company's current VR is 23%, then its current CR must be: a. 67%. b. we have not learned how to calculate this. c. also 23%. d. 77%. e. None of the above. QUESTION 24 Dividends will be shown in the Investing section of a Cash Flow Statement. True False QUESTION 25 If your Contribution Margin per unit is suddenly cut in half, your breakeven point will: a. also be cut in half. b. increase to fout times what it was. c. increase to twice what it was. d. decrease to one-fourth of what it was. e. None of the above. QUESTION 26 If a company has paid back part of its Bonds Payable during the year, this will show in its Cash Flow Statement as a subtraction in the Financing section. True False QUESTION 27 If there is income tax, then beforetax income will be greater than aftertax income. True False QUESTION 28 If the change in cash shown on a Cash Flow Statement is positive, this shows that the company must have made prots in the past year. True False QUESTION 29 If the tax rate is 37% for a given company, and they want an aftertax income of $60,000 this year, their beforetax income (to the nearest dollar) has to be: a. $162,162. b. $82,200. c. $95,238. d. $106,398. e. none of the above. QUESTION 30 If a company's breakeven point is 3,000 units of their product, but they actually sell 4,872 units, their margin of safety is: a. 1,827 units. b. 1,782 units. c. 1,287 units. d. 1,872 units. e. none of the above. QUESTION 31 Suggesting possible changes to your Revenue or Costs is referred to as Sensitivity Analysis. True False QUESTION 32 In a Cash Flow Statement, the balance that you are trying to reach at the very end is: a. the Net Income for the period. b. the amount of dividends that were paid out during the period. c. the amount by which the cash changed during the period. d. the cash balance at the end of the period. e. none of the above