What is free cash flow? If you were an investor, why might you be more interested in free cash flow than net income?

The assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm has total assets of $\$ 2.5$ million and net plant and equipment equals $\$ 2$ million. It has notes payable of $\$ 150,000$, long-term debt of $\$ 750,000$, and total common equity of $\$ 1.5$ million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet.

What is the amount of total liabilities and equity that appears on the firm's balance sheet?

You are interested in how many contacts older adults have in their smartphones. Here are data on the number of contacts for a random sample of 30 elderly adults with smartphones in a large city.

7 20 24 25 25 28 28 30 32 35

42 43 44 45 46 47 48 48 50 51

72 75 77 78 79 83 87 88 135 151

Construct a histogram of these data.

Prove that any elementary row [column] operation of type 2 can be obtained by dividing some row [column] by a nonzero scalar.

Financial statements are based on generally accepted accounting principles (GAAP) and are audited by CPA firms. Do investors need to worry about the validity of those statements? Explain your answer.

If a “typical” firm reports $20 million of retained earnings on its balance sheet, can the firm definitely pay a$20 million cash dividend?

What insight does the calculation of free cash flow provide about the company’s cash flow position?

Which of the following distributions has a larger standard deviation? Justify your answer.

Describe how the statement of cash flows helps investors and creditors perform each of the following functions: a. Predict future cash flows.

The mean speed of vehicles in the "cars only" lanes of the New Jersey turnpike is 68 mph. The mean speed of vehicles in the "any vehicle" lanes is 64 mph. What must be true about the mean speed of all vehicles on the turnpike, assuming these are the only types of lanes? (a) It could be any number from 64 to 68 mph. (b) It must be larger than the median speed. (c) It must be larger than 66 mph. (d) It must be 66 mph.

A yellow submarine traveling horizontally at 11.0 m/s uses sonar with a frequency of $5.27 \times 10 ^ { 3 }$ Hz. A red submarine is in front of the yellow submarine and moving 3.00 m/s relative to the water in the same direction. A crewman in the red submarine observes sound waves (“pings”) from the yellow submarine. Take the speed of sound in seawater as 1 533 m/s. Which submarine carries the observer?

Select the best answer for the question below.

To the question below refer to the following setting. In a statistics class with 136 students, the professor records how much money (in dollars) each student has in his or her possession during the first class of the semester. The histogram shows the data that were collected.

The percentage of students with less than $10 in their possession is closest to

(a) 30 %.

(b) 35 %.

(c) 45 %.

(d) 60 %.

Which of the following statements about this distribution can be concluded from the graph? (a) The distribution is left-skewed. (b) The median is between $10 and$20. (c) The standard deviation of the distribution is more than $60. (d) The mean is less than the median.

Organisms have a characteristic percentage of GC bases in their genomes. In a species of halophilic (salt loving) bacteria containing two essential plasmids and one chromosome, the plasmids have a different GC content than the chromosome. What could you hypothesize about the origin of the plasmids?