19. The company has current assets of $ 465 thousand, accounts payable (suppliers) 7%, accruals 13% and notes payable 9% of total current assets. Bonds for $ 300 thousand and total assets for $ 845 thousand. What is the net operating working capital (NOWC) of the company?
20. An increase in the capital section (common shares) turns out to be for the company
A. A source of cash.
B. Use of cash.
C. An investment
D. Irrelevant.
21. The NOI $ 200,000, depreciation 15% of the EBIT and taxes $ 80,000. How much is the OCF.
A. $ 150,000
B. $ 140,000
C. $ 130,000
22. The ratio that measures the return on equity is
A. The ROA.
B. The payout ratio.
C. The ROE.
D. Profit Margin.
23. Net cash flow differs from net income in two respects. These are
to.
A. Sale on credit and undisbursed costs or expenses.
B. The sale on credit and the total costs are not disbursed.
C. The sale on credit and the expenses or fixed costs that are disbursed.
D. The premise is wrong do not differ are exactly the same.
24. The future value factor (FV) for ordinary annuity contemplating $ 5,000.00 for a 10-year term at a rate of 4% is
A. 8.1109
B. 12.0061
C. 12.2333
D. None of the above
25. An ordinary annuity of $ 1,000.00, at a rate of 7% to five years, its future value would be determined by the following formula:
A. PVAn = CF x (PVAF, i, n)
B. FVAn = CF x (FVAF, i, n)
C. FV = PV (1 + i) n
D. None of the above
26. To purchase a property, Maria needs to save $ 20,000.00 in three years. How much money do you have to deposit at the end of each year at a rate of 6% to achieve your goal?
A. $ 6,282.20
B. $ 6,326.20
C. $ 6,430.20
D. $ 6,450.20
27. Assuming the data of the problem 34 How much money does Mary have to deposit at the beginning of each year at a rate of 6% to achieve her goal of $ 20,000.00?
A. $ 5,926.60
B. $ 5,930.60
C. $ 5,950.60
D. $ 5,966.60
28. The company issues a 10-year bonus ($ 1,000) with a 7% coupon. The interest rate on similar bonds is currently 9%. Take annual payments, what is the present value of the bonds? (Round to nearest dollar.)
A. $ 872
B. $ 945
C. $ 990
D. $ 1,066
29. XYZ Electronics is issuing 20-year bonds that pay semi-annual coupons. The coupon rate of this bond is 7.8%. If the market rate of these bonds is 7%, the bond has a market value of $ 827.00 (Round to the nearest dollar.)
30. Bonds are sold at par value when market quotations for similar bonds are
to.
A. Less than the coupon rate of the bond.
B. Higher than the bond coupon rate.
C. Market rates are irrelevant to determining the price of a bond.
D. None of the above.
31. If the interest rate of a bond is higher than the market rate, the bond will be sold
A. At a price equal to its nominal value.
B. At a price higher than its nominal value.
C. At a price below its nominal value.
D. None of the previous are true.
32. The real benefit of the action is given by the future value of the cash flow generated in the present.
A. Right.
B. Incorrect.
C. Irrelevant.
33. The value of the share in the market is always higher than its par value.
A. Right
B. Incorrect.
34. When we use the net present value (NPV) technique, the investor will select among several investments the
A. Exceeds the cost of the investment.
B. Is equal to the cost of the investment.
C. Is below the cost of the investment.
35. The investment in a real estate allows a cash flow for the next three years of $ 15,000.00 per year. At the end of three years the property will be sold for $ 400,000.00. Assuming an investment cost of $ 350,000.00 and an opportunity cost of capital of 8%, how much will the NPV rise?
A. $ 4,187
B. $ 5,188
C. $ 6,189
36. The investment in a real estate allows a cash flow for the next three years of $ 25,000.00 per year. At the end of three years the property will be sold for $ 300,000.00. Assume an investment cost of $ 300,000.00 and an opportunity cost of capital of 10%. What would be the optimal rate of return (IRR) for this project?
A. 7.3333%
B. 8.3333%
C. 9.3333%
D. 10.333%
