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5 Written questions

5 Matching questions

  1. Net Fixed Assets =
  2. Balance sheet
  3. Average tax rate
  4. Cash flow from assets
  5. Cash flow to creditors
  1. a Gross Fixed Assets - Accumulated Depreciation
  2. b total taxes paid divided by total taxable income (the percentage of your income that goes to pay taxes)
  3. c a firm's interest payments to creditors less net new borrowings
  4. d financial statement showing a firm's accounting value on a particular date
  5. e the total of cash flow to creditors and cash flow to stockholders, consisting of the following: operating cash flow, capital spending, and changes in net working capital

5 Multiple choice questions

  1. the tax bill/taxable income
  2. current assets less current liabilities
  3. the common set of standards and procedures by which audited financial statements are prepared
  4. listed in terms of who gets paid first
  5. listed in order of liquidity (descending)

5 True/False questions

  1. Marginal tax ratethe percentage paid on teh next dollar earned


  2. Marginal taxesthe percentage paid on teh next dollar earned


  3. Net working capitalcurrent assets


  4. Current assetscash; inventory; accounts receivable


  5. Noncash itemsanother name for cash flow from assets