BUSN 5200 Quiz for week 3
Note: In the questions below, the correct answer is identified with an asterisk
a. Net Sales
b. Cost of Goods Sold
c. Interest Expense
d. Income Tax
b. Cash Flows from Investing Activities $(40,000)
c. Cash Flows from Financing Activities
a. Buying equipment
b. Paying off debt
c. Increasing inventory
d. Paying dividends
a. It increased
b. It decreased
c. It stayed the same
d. You can’t tell without further information
a. Between 2010 and 2011 total revenue increased by a higher percentage than net income.
b. Between 2010 and 2011 total revenue increased by a lower percentage than net
c. McDonalds’ sales decreased between 2010 and 2011.
d. McDonalds’ net income decreased between 2010 and 2011.
a. The corporation lost money.
b. The corporation paid no taxes.
c. The corporation paid no dividends.
d. The corporation was authorized to issue preferred stock, but none was issued.
End of quiz