Category: Finance Questions

Question of the Day 7/2

Excel Exercise View Excel answer here. Only after trying… Does inventory turnover increase or decrease? Decrease What is end of period inventory in FY4? 28 How how much does inventory turnover change by on a percentage basis? Round to the nearest tenth and use negative signs if needed. -45.8% What impact does inventory turnover falling have on valuation? Decreases valuation

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Question of the Day 5/23

Question How does a capital expenditure affect the Income Statement? A) It directly impacts the company’s operating expenses for the period, decreasing operating income by that amount.B) It increases operating expenses by allocating the cost of the capital expenditure over the asset’s life in depreciation, reducing net income.C) It decreases operating expenses by allocating the cost of the capital expenditure

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Question of the Day 5/7

Question Are the 3.71% – 4.36% notes under the Long-term Debt footnote of SpartanNash representative of the face value, book value, or market value of debt? A) Book Value B) Face ValueC) Market Value Answer Answer: B) Face Value Explanation: The total debt represents the face value of debt which is directly plugged into the company’s long-term debt balance on

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Question of the Day 5/5

Question In January, DropoutEdu sold and delivered $100 worth of textbooks to customers. But, the customers only need to pay cash for the purchase in February. Assuming a 25% tax rate, how much would DropoutEdu report in earnings in February? Answer Answer: 0 Explanation: Cash is irrelevant to income statement earnings. The goods were transferred in January, so it does

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