THIS DOCUMENT CONTAINS FIN3704 ASSESSMENT 1 SEM 2 OF 2024 EXPECTED QUESTIONS AND SOLUTIONS. USE IT CAREFULL AS A GUIDE AND FOR COMPARISON TO SCORE ABOVE 75%
When the account receivable increases from the previous year to the current year in
the balance sheet, which sign do we apply?
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a. Division sign
b. Multiplication sign
c. Negative sign
d. Positive sign
Clear my choice
,In the cash flow statement context, cash flows from operations refer to the….
a. Those cash flows generated from investments or dis-investments in the long-term assets
b. Cash flows result from obtaining or repaying short-term capital.
c. Cash flows are generated by the firm in the ordinary course of conducting its business.
d. Cash flows result from obtaining or repaying long-term capital.
, Which one of the following formulas is correct when calculating Lwazi Products
International 2021 net profit margin B6 using an excel worksheet?
a. ='Income Statement'!B15/'Income Statement'!B4
b.
='Income Statement'!B15/'Income Statement'!B7
c. ='Income Statement'!B15/'Income Statement'!B6
d.
='Income Statement'!B15/'Income Statement'!B5
Clear my choice
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