If 2013 is the base year, what is the percentage increase in sales from
2013 to 2014?
Question 17
Laser Performance Inc. has the following information available
(amount in thousands).
Net Income
Average Total Liabilities
Average Current Liabilities
Cash Provided by Operations
Cash Sales
Capital Expenditures
Dividends Paid
$30,000
80,000
36,000
48,000
130,000
22,000
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.