Net Income |
$ 30,000 |
Average Total Liabilities |
80,000 |
Average Current Liabilities |
36,000 |
Cash Provided by Operations |
48,000 |
Cash Sales |
130,000 |
Capital Expenditures |
22,000 |
Dividends Paid |
6,000 |
What is the current cash debt coverage? Question 18
Which of the following income statement figures would probably be the best indicator of a company‘ s future performance? Question 19
Which one of the following is not a benefit of budgeting? Question 20
The single most important output in preparing financial budgets is the Question 21
Zoum Corporation had the following transactions during 2014:
1- Issued $ 125,000 of par value common stock for cash. 2- Recorded and paid wages expense of $ 60,000. 3- Acquired land by issuing common stock of par value $ 50,000. 4- Declared and paid a cash dividend of $ 10,000. 5- Sold a long-term investment( cost $ 3,000) for cash of $ 3,000. 6- Recorded cash sales of $ 400,000. 7- Bought inventory for cash of $ 160,000. 8- Acquired an investment in Zynga stock for cash of $ 21,000. 9- Converted bonds payable to common stock in the amount of $ 500,000. 10- Repaid a 6 year note payable in the amount of $ 220,000.