Davenport FINC620 week 1 quiz 2016

Jun 25th, 2016
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Question Question 1 Earnings per share A. will increase if net income increases and number of shares remains constant. B. will increase if net income decreases and number of shares remains constant. C. is number of shares divided by net income. D. is the amount of money that goes into retained earnings on a per share basis. E. None of these. 2 points Save Answer Question 2 Mart's Boutique has sales of $670,000 and costs of $460,000. Interest expense is $50,000 and depreciation is $55,000. The tax rate is 34%. What is the net income? A. $35,700 B. $69,300 C. $105,000 D. $138,600 E. $210,000 2 points Save Answer Question 3 The financial statement summarizing a firm's accounting performance over a period of time is the: A. income statement. B. balance sheet. C. statement of cash flows. D. tax reconciliation statement. E. shareholders' equity sheet. 2 points Save Answer Question 4 The financial statement showing a firm's accounting value on a particular date is the:

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Davenport FINC620 week 1 quiz 2016Report this Question as InappropriateQuestionQuestion 1Earnings per shareA. will increase if net income increases and number of shares remains constant.B. will increase if net income decreases and number of shares remains constant.C. is number of shares divided by net income.D. is the amount of money that goes into retained earnings on a per share basis.E. None of these.2 points Save AnswerQuestion 2Mart's Boutique has sales of $670,000 and costs of $460,000. Interest expense is $50,000 anddepreciation is $55,000. The tax rate is 34%. What is the net income?A. $35,700B. $69,300C. $105,000D. $138,600E. $210,0002 points Save AnswerQuestion 3The financial statement summarizing a firm's accounting performance over a period of time isthe:A. income statement.B. balance sheet.C. statement of cash flows.D. tax reconciliation statement.E. shareholders' equity sheet.2 points Save AnswerQuestion 4The financial statement showing a firm's accounting value on a particular date is the:A. income statement.B. balance sheet.C. statement of cash flows.D. tax reconciliation statement.E. shareholders' equity sheet.2 points Save AnswerQuestion 5Dividends per share is equal to dividends paid:A. divided by the par value of common stock.B. divided by the total number of shares outstanding.C. divided by total shareholders' equity.D. multiplied by the par value of the common stock.E. multiplied by the total number of shares

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