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Any one good with accounting?

Discussion in 'BBS Hangout' started by Mooch, Nov 19, 2004.

  1. Mooch

    Mooch Member

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    Im helping out a friend and she needs a couple of questions.. your help is appreciated.. thanks

    1. Analysts ofeten use a valuation model that is based primarily on
    a. Liquidity Analysis
    b. Free cash flows
    c. Debt convenants
    d. The debt to equity ratio

    2.Ratios used in loan convenants will consist primarily of profitabliilty
    a. True
    b. False

    3. The Accounts Receivable Turnover may increase for which of the following reasons?
    a. Uncollectible receivables have not been written off
    b. a deterioation in the control of receivables
    c. The company factored a portion of accounts recievable
    d. Sales volume expands materially late in the year

    4. Which of the following ratios would be most important in evaluating the success of a new policy to reduce the stock of inventory needed to meet customer demand?
    a. Total asset turnover
    b. Sales turnover
    c. Accounts receivable turnover
    d. inventory turnover
    e. earnings per share

    5. Assessing a companys inventory turnover helps assess the
    a. Effectiveness of a companys collection activities
    b. Ability to measure the quality of the inventory on hand
    c. Speed at which inventories move through operations
    d. Efficiency of a company

    6. Which of the following ratios would be most important to a manager evaluating the success of a computerized collection process?
    a. Accounts recievable turnover
    b. Accounts payable tunrover
    c. quick ratio
    d. Return of equity.

    Thanks alot
     
  2. Kam

    Kam Member

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    while we are at it, lets do my homework too.


    just playing.

    i don't know the answers to those questions, so i have to make a smart ass comment.
    :p
     
  3. rockHEAD

    rockHEAD Member

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    a couple? sounds like you need accounting help! a couple is 2, you posted 6! haha! you think we're gonna do your homework for you or a friend?...

    you're better off asking for prayers to help you with your homework...
     
  4. Mooch

    Mooch Member

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    no this isnt for me.. and the hw has like 50 problems.. she didnt get these 6
     
  5. rockHEAD

    rockHEAD Member

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    50 problems at 2 pts each...
    if she gets all the others right, 6x2=12
    12-100 is an 88

    she'll still pass... :rolleyes:
     
  6. rrj_gamz

    rrj_gamz Member

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    Man, this brings back memories...Here is my shot, but you know, I'm just guessing, but of course, I think I'm always right...:p
     
  7. Mooch

    Mooch Member

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    well she will rather have the reasoning then the actual answer.. but thanks alot rrj :)
     
  8. arkoe

    arkoe (ง'̀-'́)ง

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    You just posted the reason that I decided not to be an Accounting major.
     
  9. bottlerocket

    bottlerocket Member

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    Just make your Debits and Credits equal.

    Just joking sorry dude.:D
     
  10. pgabriel

    pgabriel Educated Negro

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    rr_gamz answers seem to be right if you want a back up.
     
  11. studogg

    studogg Member

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    i've never gone wrong with b
     
  12. UTweezer

    UTweezer Member

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    assets = liabilities + Owners' Equity...


    Btw, I think all these questions are more towards the finance side rather than acct
     
  13. LooneyToon

    LooneyToon Contributing Member

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    yeah, in a huge EOG (end of grade) test back in 8th grade, a buddy of mine filled in "b, c, b, c, ......." throughout the whole thing and made a much better grade then i did, it was high 80's.
     
  14. Supermac34

    Supermac34 President, Von Wafer Fan Club

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    The answers to the odd numbered questions are always in the back of the book.
     
  15. rrj_gamz

    rrj_gamz Member

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    Of course there's reasoning...I'm a freakin' genius...but seriously, I work in the finc. side and see this stuff a lot...I'm sure I'm right...
     

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