Mgmt 640 Financial Decision Making for Managers Midterm Exam
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Financial Decision Making for Managers
The Midterm Exam is individual work. All work on the exam should be from your own efforts, with no assistance from classmates, family, friends or others. By proceeding with this exam, you are agreeing not to share the exam content or your responses with anyone, including future students of MGMT640. (Upload your answer sheet and…show more content… b. for a corporation, $25,125; for a proprietorship, $37,500.
c. for either a corporation or a proprietorship, $36,500.
d. for either a corporation or a proprietorship, $24,090. ______ 3. Sybarix Group prepared its financial statements for 2015 based on the information below.
The company had cash of $1,206, inventory of $14,290, and accounts receivables of $6,589. The company’s net fixed assets were $42,412, and other assets were $2,822.
It had accounts payable of $11,580, notes payable of $2,886, common stock of $21,800, and retained earnings of $14,368. How much long-term debt did the firm have?
d. $22,342 ______ 4. The Millennium Chemical Corporation announced that for the period ending December 31, 2015, it earned income after taxes of $2,768,028 on revenues of $13,144,680. The company’s costs (excluding depreciation and amortization) amounted to 61% of revenues, and Centennial had interest expenses of $392,168. What is the firm’s depreciation and amortization expense if its tax rate was 30 percent?
a. $ 540,275
b. $ 486,290
c. $ 958,083
d. $ 779,931
The information below should be used for question 5 2014 and 2015 Balance Sheets for Nabors, Inc
($ millions) 2014 2015 2014 2015
Cash $ 310 $ 405 Accounts Payable $ 3,520 $ 3,770
Accounts Rec. 3,250 3,685 Notes Payable 100 155
Inventory 5,275 3,850 Long-Term