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BMAL 530 Quiz 8 Liberty University Relatively speaking, if a project has a positive NPV, that project should be undertaken. The art of decision making may be perfected with time, as all decisions are relatively routine in nature. An opportunity cost is the value of future expenditures. Mistakes can be a great educator, particularly if…
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BMAL 530 Quiz 7 Liberty University Not believing in absolutes is essentially an absolute statement. A person who has the view of antinomianism believes that it is not okay to steal if one is hungry. Unqualified absolutism is choosing the lesser of two evils. There is really only one ethical system. Knowing one’s ethical viewpoints…
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BMAL 530 Quiz 6 Liberty University BMAL 530 Quiz: Strategic Tools Covers the Textbook material from Module 6: Week 6. An EBIT analysis is similar to cash flow. Critical success factors are those items that should be identified prior to performing a SWOT or completing a BSC. A Balanced Scorecard has four perspectives: vendors, internal…
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BMAL 530 Quiz 5 Liberty University Given the following information, a required return of 8%, an initial investment of $45,000, and cash flows of $12,000; $20,000, $10,000, and $6,000 for years 1 through 4 respectively, should the investment be done? Calculate the future value given the following information: present value = $500; number of periods…
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BMAL 530 Quiz 4 Liberty University BMAL 530 Quiz Budgeting and Pro-forma Financial Statements Assume the following information for the month of August. June sales = $40,000; July sales = $65,000; August sales = $52,850. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following,…
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BMAL 530 Quiz 3 Liberty University Calculate the quick ratio ratio based on the following information: cash = $14,870; accounts receivable = $22,108; prepaid $3,010; supplies = $927; equipment =$62,150; accumulated depreciation = 13,750; accounts payable = 28,000. Round to two decimal Calculate the equity ratio based on the following information: cash = $14,870; accounts…
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BMAL 530 Quiz 2 Liberty University What is the amount of straight-line depreciation for year 2 if the useful life of an asset is 5 years, the purchase price is $50,000, and the salvage value is $2,000? What type of business entity makes a special election, and is generally created for the public good? What…
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BMAL 530 Quiz 1 Liberty University BMAL 530 Quiz 1 Accounting Basics The following accounts are showing for ABC Company. Cash = $16,080; accounts receivable = $9,500; accounts payable = $14,000; supplies = $675; prepaid expenses = $3,150; equipment = $25,200; accumulated depreciation – equipment = $8,150; taxes payable = $5,321; salaries payable = $13,482.…