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Name: Madeleine O'Brien
Date: July 18, 2022
Graded Assignment
Section 10 Study Questions
Instructions
Save the file in your Finance folder, and name it with Study, the section number, and your first initial and last name. For example, Jessie Robinson's study questions for Section 1 would be named Study1JRobinson.
Answer the questions for each lesson on the same day that you read the lesson. Save the file before closing it each day. Then turn in your answers to the study questions at the end of the section. Review Lesson 4 of the Course Overview for instructions about turning in your study questions.
Assignment
Total score: ____ of 6.0 points
Answer each question fully. Complete sentences are not necessary.
Lesson 1
(Score for Question 1: ___ of 0.5 points)
•
What is an angel investor?
Answer:
People who provide money to a business in exxhange for debt or equity.
(Score for Question 2: ___ of 1.0 points)
•
What is the difference between startup costs and operating costs?
Answer:
Startup costs are keeping it going until it can pay for itself while operating costs include both fixed and variable cots that occur while you are running the business.
(Score for Question 3: ___ of 0.5 points)
•
What is cash flow?
Answer:
The movement of money in and out of a business. This only refers to actual money in cash or in the bank, not credit that is owned to the company and counted as income. (Score for Question 4: ___ of 0.5 points)
•
How is a company’s gross profit calculated?
Answer:
By subtracting the cost of goods sold from the total revenue. (Score for Question 5: ___ of 0.5 points)
•
What are a company’s accounts payable?
Answer:
Another part of a company's liabilities. These are amounts of money owed to other companies for products.
Lesson 2
(Score for Question 1: ___ of 0.5 points)
•
What is an invoice?
Answer:
A record of a product that was provided but not yet paid for. It is similar to a receipt, but it says how much is owed, instead of how much was paid. (Score for Question 2: ___ of 0.5 points)
•
What is an income statement?
Answer:
A document that shows the company's revenue and expenses during a specific time period, such as a year, month, or quarter. (Score for Question 3: ___ of 0.5 points)
•
What is the balance sheet equation?
Answer:
Assests = Liablities + Owner Equity
(Score for Question 4: ___ of 0.5 points)
•
What is a financial ratio?
Answer:
A way to compare two financial factors in order to analyze a company's financial health. (Score for Question 5: ___ of 0.5 points)
•
What does the following equation represent: Total liabilities ÷ Total assets?
Answer:
Debt ratio
(Score for Question 6: ___ of 0.5 points)
•
What is cash basis accounting?
Answer:
Records income when cash is received, and it records expenses whe cash is paid out.
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At the beginning of each of the last three years, Lucas put $7,000 from his earnings as a waiter into a
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Complete the table to determine whether Lucas has saved enough money to attend community college.
2
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1
Beginning balance
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$7,000
$7,000
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Johnson Company calculates its allowance for uncollectible accounts as 10% of its ending balance in gross accounts receivable. The
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A process with no beginning work in process, completed and transferred out 85200 units during a period and had 50100 units in the
ending work in process inventory that were 20% complete. The equivalent units of production for the period for conversion costs were:
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- Eat min C e New tab Λ Content xW Quiz 3-MAT-143, section 03F, Fa X + Q A ✩ https://www.webassign.net/web/Student/Assignment-Responses/last?dep=34832472 Viewing Saved Work Revert to Last Response DETAILS MY NOTES You deposit $850 in an account paying an annual simple interest rate of 7.8%. Find the future value of the investment (in dollars) after 1 year. DETAILS MY NOTES Calculate the simple interest due (in dollars) on a 40-day loan of $1,600 if the annual interest rate is 9%. (Use 360 days in 1 year.) $ DETAILS MY NOTESarrow_forwardHey I was wondering if I can get help with this thank youarrow_forwardNew tab x Content x Quiz 3-MAT-143, section 03F, Fax + https://www.webassign.net/web/Student/Assignment-Responses/last?dep=34832472 a A ✰ DETAILS MY NOTES ASK YOUR TEACHE A newspaper editor starts a retirement savings plan in which $225 per month is deposited at the beginning of each month into an account that earns an annual interest rate of 6.4% compounded monthly. Find the value of this investment (in dollars) after 20 years. (Round your answer to the nearest cent.) $ DETAILS MY NOTES ASK YOUR TEACHI logo design company purchases four new computers for $12,500. The company finances the cost of the computers for 3 years at an annual interest rate of 5.175% compounded monthly. Find the month ayment (in dollars) for this loan. (Round your answer to the nearest cent. See Example 8 in this section.) Submit Assignment Home My Assignments Request Extension Copyright © 1998-2024 Cengage Learning, Inc. All Rights Reserved | TERMS OF USE PRIVACY 12:03 PMarrow_forward
- Chapter 2a homework Name Print out and complete this homework assignment. Pay special attention to rounding correctly. A work must be shown to receive full credit; use a separate sheet if necessary. If you are an online student, scan your work and upload. 1. A local coffee shop reported that its sales have increased exactly 16% per year for the last 2 years. This year's sales were $81,612. What were the coffee shop's sales 2 years ago? Hint: Calculate only one years' sales at a time, (Round each year's sales to the nearest dollar.) Sales 2 years ago 2. Richard Dawks, a lawyer, charges Gunderson's Hardware, his client, 25% of what he can colle for Gunderson from customers whose accounts are past due. The attorney also charges, in addition to the 25%, a flat fee of $50 per customer. This month, Richard collected $8,800 from four of Gunderson's past-due customers, What is the total fee due to Richard? Total fee due Richard 3. Abby bought four Dunlop tires at a local Goodyear store. The…arrow_forwardmyOpenMath Course Messages Forums Calendar | Gradebook Home > Math 173-4 Spring 2024> Assessment Quiz 2 (Sec. 1.5-1.7) 54 points possible 5/12 answered Question 6 The graph of the function y = f(x - 39) can be obtained from the graph of y = f(x) by one of the following actions: > Next Question Home | My Oshifting the graph of f(x) to the right 39 units shifting the graph of f(x) to the left 39 units shifting the graph of f(x) upwards 39 units shifting the graph of f(x) downwards 39 unitsarrow_forward6.2 Saving and Investing n.hawkeslearning.com/Portal/Lesson/lesson_practice# niversity X Question 9 of 13, Step 1 of 1 X - Save & Exit Practice Lesson: 6.2 Saving and Investing Lesson 6.2 Saving and Investin X Answer How to enter your answer (opens in new window) Ⓒ2024 Hawkes Learning $350 Your answer is incorrect. Please choose one of the following: Google Chrome - The Fast & Sex 3/13 Correct Lateral Flexion: What Is It and Molly starts an IRA (Individual Retirement Account) at the age of 28 to save for retirement. She deposits $350 each month. The IRA has an average annual interest rate of 7% compounded monthly. How much money will she have saved when she retires at the age of 65? Round your answer to the nearest cent, if necessary. X + GRANT GREENE Explain Error 5 Incorrect Formulas Keypad Keyboard Shortcuts Try Againarrow_forward
- Assignment: Chapter 12 Homework Time Remaining: 0:58:20 Questions Problem 12.08 (New Project Analysis) 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 0 eBook Assignment Score: 78.57% Save Submit Assignment for Grading Question 4 of 14 ► Check My Work You must evaluate the purchase of a proposed spectrometer for the R&D department. The purchase price of the spectrometer including modifications is $140,000, and the equipment will be fully depreciated at the time of purchase. The equipment would be sold after 3 years for $32,000. The equipment would require an $8,000 increase in net operating working capital (spare parts inventory). The project would have no effect on revenues, but it should save the firm $43,000 per year in before-tax labor costs. The firm's marginal federal-plus-state tax rate is 25%. a. What is the initial investment outlay for the spectrometer after bonus depreciation is considered, that is, what is the Year 0 project cash flow? Enter your answer as a positive value.…arrow_forwardEdit View History Bookmarks Profiles Tab Window Help M 100% M Sun 11:24 AM as College WP Ch 05 Homework Assignment X wP NWP Assessment Player UI Ap X ducation.wiley.com/was/ui/v2/assessment-player/index.html?launchld=73f9082f-68e7-46db-a4b3-509e5b6e0e6d#/question/0 mework Assignment Question 1 of 2 - / 5 Ayayai Mowers Ltd. agreed to sell the City of Halifax four riding mowers and 20 push lawn mowers. The contract price was $72,00O. Ayayai normally sells its riding mowers for $14,400 and its push lawn mowers for $960. The contract required the City of Halifax to pay Ayayai once all of the merchandise has been delivered to the city's public works yard. Ayayai's management does not expect any returns or any issues with payment. Ayayai delivered all four of the riding mowers and 14 of the push mowers on April 26. The remaining six push mowers were delivered on May 5. Ayayai received payment from the city on May 18. Ayayai's cost for each riding mower is $9,960, while the push mowers cost…arrow_forward* 00 A myopenmath.com Google Wikipedia LinkedIn Yelp TripAdvisor Making the C..i Law Review https://www...ends_v05.pdf oud Yahoo Bing The Weather Channel Facebook Twitter Montgomery County Community College C My Overview | Chegg.com Bb Announcements - 2021FA_MAT106AOSA Math Applica.. myOpenMath Home | My Classes ♥ | User Settings Log Out Course Messages Forums Calendar Gradebook Home > MAT106A OSA Fall 21 > Assessment Problem Set 1: Finance Progress saved Done Score: 2/50 1/20 answered Question 16 B 0/2 pts You can afford a $250 per month car payment. You've found a 4 year loan at 6% interest. How big of a loan can you afford? Submit Question MacBook Air 08 F3 F7 F1 F2 23 2$ 3. 4. 2. M R. Sarrow_forward
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