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12/15/23, 4:30 PM Review Test Submission: Module 3 Quiz — 2023_... TECH n . os T —— 2023_Fall_FIN3600EOL41 Corporate Finance - 41 Module Three Module 3 Activities and Assessments Review Test Submission: Module 3 Quiz Review Test Submission: Module 3 Quiz User Course Corporate Finance - 41 Test Module 3 Quiz Started 12/15/23 4:13 PM Submitted 12/15/23 4:30 PM Due Date 12/17/23 11:59 PM Status Completed Attempt Score 10 out of 10 points Time Elapsed 16 minutes out of 1 hour Results Displayed Submitted Answers, Correct Answers, Incorrectly Answered Questions Question 1 1 out of 1 points 7.7 In solving for the future value of a lump sum, if the interest rate increases, Selected Answer: V) the future value increases. Correct Answer: V) the future value increases. Question 2 1 out of 1 points You want to purchase a home in five years and will need a down payment of $20,000 at that time. If you can earn 6% on your money, how much will you need to deposit today to have $20,000? The term for calculating this type of problem is called: Selected Answer: V) Discounting Correct Answer: V) Discounting Question 3 1 out of 1 points https://blackboard.indianatech.edu/webapps/assessment/review/review.jsp?attempt_id=_4415325_1&course_id=_422729_1&content_id=_3528008_1... 173
12/15/23, 4:30 PM Review Test Submission: Module 3 Quiz — 2023_... | In the time value of money, a dollar today is worth more than a dollar received next year. What makes this statement true? Selected Answer: & Interest Correct Answer: @ Interest Question 4 1 out of 1 points | You have $5,000 in an account that is earning 2% interest. You want to know what your account balance will be in five years. The term for calculating this type of problem is called: Selected Answer: @ Compounding Correct Answer: @ Compounding Question 5 1 out of 1 points Which example would require solving for the future value of an ordinary annuity? Selected [v] Answer: You want to know the value of $100 deposits made at the end of each month for six years. Correct [V] Answer: You want to know the value of $100 deposits made at the end of each month for six years. Question 6 1 out of 1 points . | You want to purchase a home in five years and will need a down payment of $20,000 at that time. If you can earn 6% on your money, how much will you need to deposit today to have $20,0007 This is an example: Selected Answer: V) Discounting Correct Answer: @ Discounting Question 7 1 out of 1 points | You have $5,000 in an account that is earning 2% interest. You want to know what l_u your account balance will be in five years. This is an example of solving for: Selected Answer: V) Future value Correct Answer: @ Future value https://blackboard.indianatech.edu/webapps/assessment/review/review.jsp?attempt_id=_4415325_18&course_id=_422729_1&content_id=_3528008_1... 2/3
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Page 110
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Problem 1.
2.
Odette Electronics has 90 operating plants in seven southwestern states. Sales for
last year were P100 million, and the statement of financial position at year-end is
similar in percentage of sales to that of previous years (and this will continue in the
future). All assets (including fixed assets) and current liabilities will vary directly with
sales.
Statement of Financial Position
(in P millions)
Assets
Liabilities and Equity
Cash.....
P2
Accounts payable....
P15
Accounts receivable...
20
Accrued wages....
2
Inventory....
23
Accrued taxes.
8
Current assets..
P45
Current liabilities.
P25
Fixed assets...
40
Notes payable...
10
Ordinary shares.
15
Retained earnings...
35
Total assets..
P85
Total liabilities and equity..
P85
Odette's has an after-tax…
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Problem 1
Balance Shet
Income Statement
PT. MaTaHtari
PT. MATAH+ari
For the year Ended December 31
For the year Ended December 31
2019
2018
ASSET
Sales Revenue
10.000.000.000
Cash
550.000.000
700.000.000
Cost of Good Sold
6.400.000.000
Marketable Securities
500.000.000
300.000.000
Gross Profit
Account Receivable
700.000.000
550.000.000
Inventory
750.000.000
650.000.00D
3.600000.000
Total Currevt Assit
2.500.000.000
2.200.000.000
Operating Expenses
Selling Expenses
200.000.000
Gross Fixed Asset
3.000.000.000
General & Administrative Expenses
150.000.000
4.000.000.000
Less : Accumulated Depreciation
Depreciation Expenses
250.000.000
500.000.000
200.000.000
Nett Fred Assit
Total Operating Expenses
3.500.000.000
2.800.000.000
600.000.000 Operating Profit
TOTAL ASSET
6.000.000.000
5.000.000.000
3.000.000.000 Interest Expenses
JABILITIBS E STOCKHOLDER'S…
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Bonita Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February
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12,700
Income tax payable
$
4,400
Accounts receivable
28,300
Insurance expense
3,600
Accumulated depreciation-equipment
5,200
Prepaid insurance
2,600
Cash
17,400
Rent expense
5,700
Common shares
19,900
Retained earnings
21,300
Depreciation expense
4,100
Salaries expense…
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BAB140 Lab#3 Ch4 W2022
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BAB140 Lab#3 Ch4 W2022
Question 3 of 5
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Crane Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February
28, 2021:
Accounts payable
12,600
Income tax payable
4,700
Accounts receivable
27,100
Insurance expense
3,400
Accumulated depreciation-equipment
5,400
Prepaid insurance
2,900
Cash
17,600
Rent expense
5,800
Common shares
10,100
Retained earnings
20,100
Depreciation expense
4,400
Salaries expense…
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ACCT-1170-017-Fall 2024-Principles of Managerial Accounting
Question Completion Status:
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QUESTION 1
Take Test: Unit 4 Homework
Relaunch to update:
Freeman Furnishings has summarized its data as shown. Direct labor hours will be used as the activity
base to allocate overhead:
Raw materials purchased
$ 320,000
Raw materials, beginning inventory
Raw materials, ending inventory
15,000
14,000
Work in process, beginning inventory
35,000
0
Work in process, ending inventory
37,000
Estimated overhead
300,000
Depreciation of factory building
50,000
Factory real estate taxes
Factory utility expenses
Indirect materials
7,382
45,000
20,000
Indirect labor
Direct labor cost
Direct labor hours incurred
11,000
100,000
24,000
Estimated direct labor hours
25,000
Compute the cost of goods manufactured.
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- Fundamentals of Financial Management, Concise Edi...FinanceISBN:9781285065137Author:Eugene F. Brigham, Joel F. HoustonPublisher:Cengage Learning
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