NAME: ________________________

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of 22 available terms

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5 Written Questions

5 Matching Questions

  1. Average tax rate
  2. Operating cash flow
  3. Average taxes
  4. Fixed assets
  5. Marginal taxes
  1. a the tax bill/taxable income
  2. b cash generated from a firm's normal business activities (of producing and selling).
  3. c total taxes paid divided by total taxable income (the percentage of your income that goes to pay taxes)
  4. d the percentage paid on teh next dollar earned
  5. e equipment; buildings; goodwill

5 Multiple Choice Questions

  1. Gross Fixed Assets - Accumulated Depreciation
  2. =current assets - current liabilities
  3. listed in order of liquidity (descending)
  4. expenses charged against revenues that do not directly affect cash flow, such as depreciation.
  5. another name for cash flow from assets

5 True/False Questions

  1. Generally Accepted Accounting Principles (GAAP)the common set of standards and procedures by which audited financial statements are prepared


  2. Cash flow to stockholdersdividends paid out by a firm less net new equity raised


  3. Working capital =current assets


  4. Cash flow to creditorsdividends paid out by a firm less net new equity raised


  5. Current assetscash; inventory; accounts receivable


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