Wgu c214 study guide Study guides, Class notes & Summaries

WGU C214 Study Guide questions and answers well illustrated. Trading on the NYSE is executed without a specialist (i.e. a market maker). (T/F) - correct answers.F Stocks and bonds are two types of financial instruments (T/F) - correct answers.True The matching principle in accrual accounting requires that: a. Revenues be recognized when the earnings process is complete and matches expenses to revenues recognized. b. Expenses are matched to the year in whic...

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WGU C214 Study Guide Multi Choice version With Correct Solutions

Financial data for Intel is given below for 2014: • EBIT 1,000,000 • Depreciation 30,000 • Change in working capital (10,000) • Net capital expenditures 15,000 • Tax rate 40% Compute the Free Cash Flow for 2014 a. 610,000 b. 675,000 c. 625,000 d. 600,000 - c .A company has cash sales of 200 and credit sales of 750. It's average accounts receivable is 90. What is the A/R turnover? What is the Average Collection Period? a. Turnover: 8.33 ACP: .694 b. Turnover: 10.56 ACP: 4...

Trading on the NYSE is executed without a specialist (i.e. a market maker). (T/F) - Answer F Stocks and bonds are two types of financial instruments (T/F) - Answer True The matching principle in accrual accounting requires that: a. Revenues be recognized when the earnings process is complete and matches expenses to revenues recognized. b. Expenses are matched to the year in which they are incurred c. Revenues are matched to the year in which they are booked d. Revenues should be large...

Trading on the NYSE is executed without a specialist (i.e. a market maker). (T/F) - ANSWERSF Stocks and bonds are two types of financial instruments (T/F) - ANSWERSTrue The matching principle in accrual accounting requires that: a. Revenues be recognized when the earnings process is complete and matches expenses to revenues recognized. b. Expenses are matched to the year in which they are incurred c. Revenues are matched to the year in which they are booked d. Revenues should be large...

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