Financial Management (A. Financial Planning Planning & Strategies)
D. is i+n$'in+ i+n$'in+ !e p'in#i p'in#iple ple $% &a!#e* &a!#e* &a!u'i!ies &a!u'i!ies S$'!0!e'& %inan#in+ 17. Te !"pe $% #$&pan" #$&pan" &$s! li/el" !$ nee* nee* s$'!0!e'& %inan#in+ %inan#in+ is $ne !a! A. as n$ seas$nali!" seas$nali!" an* n$ +'$)! +'$)! in sales %'$& "ea' "ea' !$ "ea' B. sells sells $nl" %$' %$' #as #as C. as a i+ *e+' *e+'ee ee $% seas$ seas$nali! nali!"" D. as l$)e' l$)e' !$!al %i6e* %i6e* #$s!s !an !$!al -a'ia(le #$s!s #$s!s 3. Te !"pi#al $u!line $% !e #$&p$nen! #$&p$nen! pa'!s pa'!s $% a (usiness (usiness plan )$ul* (e !e A. &issi$n an* s!'a!e+" s!'a!e+" s!a!e&en!s. s!a!e&en!s. C. %inan#ial p'$,e#!i$ns. p'$,e#!i$ns. B. $pe'a!i$n $pe'a!i$nss $% !e (usin (usiness. ess. D. All $% !e a($ a($-e. -e.
. Plannin+ Plannin+ %$' %$' %u!u'e %u!u'e +'$)! +'$)! is #alle*: #alle*: A. #api!al (u*+e!in+ (u*+e!in+ B. )$'/in+ #api!al &ana+e&en!
8. C$&&$n s$u'#es s$u'#es $% s$'!0!e'& s$'!0!e'& %inan#in+ %inan#in+ in#lu*e: A. S!'e!#in+ pa"a(les pa"a(les C. Re*u# Re*u#in+ in+ in-e in-en!$ n!$'" '" B. Issuin+ ($n*s D. All $% !e a($-e 7. H$) *$es l$n+0!e'& %inan#in+ %inan#in+ p$li#" a%%e#! s$'!0!e'& s$'!0!e'& %inan#in+ 'e9ui'e&en!s 'e9ui'e&en!s A. Te na!u'e $% !e %i'&s %i'&s s$'!0!e'& %inan#ial %inan#ial plannin+ p'$(le& p'$(le& is *e!e'&ine* *e!e'&ine* (" !e a&$un! $% l$n+0!e'& #api!al i! 'aises. B. A %i'& !a! issues issues la'+e a&$un!s a&$un!s $% l$n+0!e'& l$n+0!e'& *e(! $' #$&&$n #$&&$n s!$#/5 s!$#/5 $' !a! 'e!ains 'e!ains a la'+e pa'! $% i!s ea'nin+s5 &a" %in* !a! i! as pe'&anen! e6#ess #as. O!e' %i'&s 'aise 'ela!i-el" li!!le l$n+0!e'& #api!al an* en* up as pe'&anen! s$'!0!e'& *e(!$'s. C. M$s! %i'&s a!!e&p! a!!e&p! !$ %in* a +$l*en +$l*en &ean (" %inan#in+ all %i6e* %i6e* asse!s an* an* pa'! $% #u''en! #u''en! asse!s )i! e9ui!" an* l$n+0!e'& *e(!. Su# %i'&s &a" in-es! #as su'pluses *u'in+ pa'! $% !e "ea' an* ($''$) *u'in+ !e 'es! $% !e "ea'. D. All $% !e a($-e a($-e a%%e#! a%%e#! s$'!0!e'& s$'!0!e'& %inan#in %inan#in+. +.
C. %inan# %inan#ial ial %$'e#a %$'e#as!i s!in+ n+ D. n$ne $% !e a($-e
1. Te i*eal i*eal %inan#ia %inan#iall plannin+ plannin+ p'$#es p'$#esss )$ul* (e (e A. !$p0*$)n plannin+. plannin+. B. ($!!$& ($!!$&0up 0up plan plannin nin+. +. C. a #$&(ina!i$ #$&(ina!i$nn $% !$p0*$)n an* an* ($!!$&0up ($!!$&0up plannin+. plannin+. D. n$ne n$ne $% !e a($-e. a($-e. 1. 2i# $% !e %$ll$)in+ is in#$''e#! in#$''e#! 'e+a'*in+ !e #$ns!'u#!i$n #$ns!'u#!i$n $% %inan#ial plannin+ &$*els &$*els A. Te'e is n$ !e$'" !e$'" $' &$*el !a! lea*s lea*s s!'ai+! !$ !e $p!i&al $p!i&al %inan#ial s!'a!e+". s!'a!e+". B. Finan#ial plannin+ plannin+ s$ul* s$ul* n$! p'$#ee* (" !'ial an* e''$'. e''$'. C. Man" *i%%e'en! *i%%e'en! s!'a!e+ies &a" (e p'$,e#!e* un*e' a 'an+e 'an+e $% assu&p!i$ns assu&p!i$ns a($u! !e %u!u'e (e%$'e $ne s!'a!e+" is %inall" #$sen. D. Te *$4ens $% sepa'a!e sepa'a!e p'$,e#!i$ns p'$,e#!i$ns !a! &a" (e &a*e *u'in+ *u'in+ !is !'ial0an*0e''$' !'ial0an*0e''$' p'$#ess +ene'a!e a ea-" l$a* $% a'i!&e!i# an* pape')$'/.
1. Un*e' !e ,u*+&en!al ,u*+&en!al app'$a# %$' *e-el$pin+ *e-el$pin+ a p'$ %$'&a (alan#e see!5 see!5 !e
>. Te pe'#en! pe'#en! $% sales &e!$* is (ase* $n )i# $% !e !e %$ll$)in+ assu&p!i$ns A. All (alan#e (alan#e see! see! a##$un!s a##$un!s a'e !ie* !ie* *i'e# *i'e#!l" !l" !$ sales. sales. B. M$s! (alan#e an#e see! see! a##$un!s a##$un!s a'e !ie* !ie* *i'e#!l" *i'e#!l" !$ sales. C. Te'e Te'e is #$nsi*e'a( #$nsi*e'a(l" l" e6#essi-e e6#essi-e asse! asse! le-el. D. S!a!e&en!s S!a!e&en!s a an* # a($-e a($-e a'e #$''e #$''e#!. #!.
Ma!u'i!ies &a!#in+ 3. 2en a %i'& %inan#es l$n+0!e'& l$n+0!e'& asse!s )i! s$'!0!e'& s$u'#es s$u'#es $% %un*in+5 i!: A. 'e*u#es !e 'is/ 'is/ $% #as s$'!a+e s$'!a+e B. )ill a-e a-e i+e' +e' in!e'es! n!e'es! e6pense e6pensess C. i&p'$-es i&p'$-es !e le-e'a+e e-e'a+e 'a!i$ 'a!i$
105
Financial Management (A. Financial Planning Planning & Strategies)
7. 2i# 2i# $% !e %$ll$)in+ %$ll$)in+ is !e &a,$' in*epen*en! in*epen*en! -a'ia(le -a'ia(le in #$ns!'u#!in #$ns!'u#!in++ p'$ %$'&a in#$&e s!a!e&en!s an* (alan#e see!s A. !$!al asse!s C. *i-i*en* pa"$u! pa"$u! B. ne! ne! in# in#$& $&ee D. sales
C. Te plan assu&es assu&es !a! sales *e!e'&ine ne asse!s !a! *e!e'&ine *e!e'&ine !e e6!e'nal e6!e'nal %un*in+ nee*e*. D. Te plan assu&es assu&es !a! !e'e !e'e is a -a'"in+ -a'"in+ 'ela!i$nsip (e!)een sales5 sales5 asse!s5 an* %un*s nee*e*.
?. Te %i's! s!ep in *e-el$pin+ a p'$ %$'&a in#$&e in#$&e s!a!e&en! s!a!e&en! is !$: A. (uil* a sales %$'e#as! %$'e#as! C. *e!e'&ine *e!e'&ine !e #$s! #$s! $% +$$*s +$$*s s$l* B. *e!e *e!e'& '&in inee !e !e p'$* p'$*u# u#!i !i$n $n s#e s#e*u *ule le D. n$ne n$ne $% !e !e a($ a($-e -e
11. 2i# $% !e %$ll$)in+ (es! *es#'i(es *es#'i(es a %i'&s e6!e'nal %un*in+ 'e9ui'e&en! 'e9ui'e&en! A. G'$)! in asse!s asse!s &inus +'$)! in lia(ili!ies &inus ne! ne! in#$&e B. G'$)! in asse!s &inus &inus !e #u''en! "ea's "ea's 'e!aine* 'e!aine* ea'nin+s ea'nin+s C. G'$)! in asse!s &inus +'$)! in #u''en! #u''en! lia(ili!ies &inus ne! in#$&e in#$&e D. G'$)! in asse!s asse!s &inus +'$)! in #u''en! lia(ili!ies &inus &inus !e "ea's 'e!aine* ea'nin+s ea'nin+s
@. Te pe'#en!0$%0sales pe'#en!0$%0sales &e!$* $% p'epa'in+ !e p'$,e#!e* in#$&e in#$&e s!a!e&en! assu&es !a! all #$s!s a'e: A. C$ns!an! C. a'ia(le a (le B. Fi F i6e* D. In I n*epen*en!
18. A #$&pan" !a! as 'api*l" +'$)in+ +'$)in+ sales )ill )ill p'$(a(l" A. nee* a**i!i$nal a**i!i$nal l$n+0!e'& %inan#in+ %inan#in+ C. a-e in#'easin+ in#'easin+ asse! 'e9ui'e&en!s 'e9ui'e&en!s B. a-e a-e a %inan %inan#in #in++ +ap +ap D. %in* !a! !a! all $% !e a($a($-ee a'e !'ue
. U!ili4in+ pas! #$s! an* e6pense e6pense 'a!i$s pe'#en!0$%0sales pe'#en!0$%0sales &e!$* )en p'epa'in+ p'epa'in+ p'$ %$'&a %inan#ial s!a!e&en!s )ill !en* !$ A. Un*e's!a!e p'$%i!s )en sales a'e *e#'easin+ *e#'easin+ an* $-e's!a!e p'$%i!s )en sales a'e in#'easin+. B. Un*e's!a!e p'$%i!s5 p'$%i!s5 n$ &a!!e' )a! !e #an+e #an+e in sales5 as as l$n+ as %i6e* #$s!s #$s!s a'e p'esen!. p'esen!. C. Un*e Un*e's!a 's!a!e !e p'$%i!s )en sales a'e in#'easin in#'easin++ an* $-e's!a!e $-e's!a!e p'$%i!s !s )en sales a'e *e#'easin+. D. O-e's!a!e p'$%i!s5 p'$%i!s5 n$ &a!!e' )a! !e #an+e #an+e in sales5 as l$n+ $n+ as %i6e* #$s!s #$s!s a'e p'esen!. p'esen!.
1?. 2i# $% !e %$ll$)in+ s!a!e&en!s is &$s! #$''e#! #$''e#! A. Sin#e Sin#e a##$un!s pa"a(le pa"a(le an* a##'ue* lia(ili!ies li!ies &us! e-en!uall" e-en!uall" (e pai*5 as !ese a##$un!s a##$un!s in#'ease5 'e9ui'e* ne) %inan#in+ als$ in#'eases. B. Supp$se a %i'& is $pe'a!in+ i!s %i6e* asse!s asse!s (el$) 1@@ pe'#en! #apa#i!" #apa#i!" (u! is a! 1@@ pe'#en! )i! 'espe#! !$ #u''en! asse!s. I% sales +'$)5 !e %i'& #an $%%se! !e nee*e* in#'ease in#'ease in #u''en! asse!s )i! i!s i*le %i6e* asse!s #apa#i!". #apa#i!". C. I% a %i'& 'e!ains all $% i!s ea'nin+s5 n+s5 !en i! )ill n$! nee* nee* an" a**i!i$nal $nal %un*s %un*s !$ supp$'! supp$'! sales +'$)!. D. A**i! A**i!i$na i$nall %un*s nee*e* a'e !"pi#all" !"pi#all" 'aise* %'$& s$&e #$&(ina!i #$&(ina!i$n $n $% n$!e n$!ess pa"a(le5 pa"a(le5 l$n+0 !e'& ($n*s5 an* #$&&$n s!$#/. Tese a##$un!s a'e n$nsp$n!ane$us n$nsp$n!ane$us in !a! !e" 'e9ui'e an e6pli#i! %inan#in+ *e#isi$n !$ in#'ease !e&.
8. A**i!i$nal A**i!i$nal %un*s %un*s nee*e* nee*e* a'e a'e (es! (es! *e%ine* *e%ine* as: A. Fun*s Fun*s !a! !a! a'e $(!aine* $(!aine* au!$&a!i au!$&a!i#al #all" l" %'$& %'$& '$u!i '$u!ine ne (usin (usiness ess !'ansa# !'ansa#!i$n !i$ns. s. B. Fun* Fun*ss !a! a %i'& &us! 'aise e6!e'nall" e6!e'nall" !'$u+ !'$u+ ($''$)in ($''$)in++ $' (" sellin+ ne) #$&&$n #$&&$n $' p'e%e''e* s!$#/. C. Te a&$un! a&$un! $% asse!s asse!s 'e9ui'e 'e9ui'e** pe' pes$ pes$ $% sales. sales. D. A %$'e#as!in %$'e#as!in++ app'$a# app'$a# in )i# !e %$'e#as!e* %$'e#as!e* pe'#en!a pe'#en!a+e +e $% sales %$' ea# i!e& is el* #$ns!an!.
G'$)! 1. 2i# 2i# $% !e %$ll$)in+ %$ll$)in+ is in#$''e# in#$''e#!! 'e+a'*in 'e+a'*in++ !e e%%e#! e%%e#! $% +'$)! $n !e nee* %$' e6!e'nal e6!e'nal %inan#in+ A. Hi+e' +'$)! +'$)! 'a!es )ill lea* !$ a +'ea!e' +'ea!e' nee* %$' in-es!&en!s in-es!&en!s in %i6e* asse!s an* an* )$'/in+ #api!al. B. Te in!e'nal +'$)! +'$)! 'a!e is !e !e &a6i&u& 'a!e !a! !e %i'& #an +'$) i% i! 'elies en!i'el" $n 'ein-es!e* p'$%i!s !$ %inan#e i!s +'$)!5 !a! is5 !e &a6i&u& 'a!e $% +'$)! )i!$u! 'e9ui'in+ e6!e'nal %inan#in+. C. Te sus!aina sus!aina(le (le +'$)! +'$)! 'a!e is !e 'a!e a! )i# !e %i'& %i'& #an +'$) )i! !e $p!i$n $p!i$n $% %le6i(l" #an+in+ i!s le-e'a+e 'a!i$.
. 2i# 2i# $% !e %$ll$)in+ n+ s!a!e&en!s s!a!e&en!s a($u! %$'e#as!in %$'e#as!in++ e6!e'nal e6!e'nal %un*in+ n+ 'e9ui'e&en!s 'e9ui'e&en!s -ia !e pe'#en!a+e $% sales &e!$* is !'ue A. Te plan assu&es !a! sales a'e *e!e'&ine* (" asse!s !a! *e!e'&ine !e e6!e'nal %un*s nee*e*. B. Te plan assu&es assu&es !a! !e e6!e'nal e6!e'nal %un*s nee*e* i&pa#! i&pa#! asse!s )i# )i# in !u'n *'i-e sales. sales.
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Financial Management (A. Financial Planning Planning & Strategies)
Financial Management (A. Financial Planning Planning & Strategies)
7. 2i# 2i# $% !e %$ll$)in+ %$ll$)in+ is !e &a,$' in*epen*en! in*epen*en! -a'ia(le -a'ia(le in #$ns!'u#!in #$ns!'u#!in++ p'$ %$'&a in#$&e s!a!e&en!s an* (alan#e see!s A. !$!al asse!s C. *i-i*en* pa"$u! pa"$u! B. ne! ne! in# in#$& $&ee D. sales
C. Te plan assu&es assu&es !a! sales *e!e'&ine ne asse!s !a! *e!e'&ine *e!e'&ine !e e6!e'nal e6!e'nal %un*in+ nee*e*. D. Te plan assu&es assu&es !a! !e'e !e'e is a -a'"in+ -a'"in+ 'ela!i$nsip (e!)een sales5 sales5 asse!s5 an* %un*s nee*e*.
?. Te %i's! s!ep in *e-el$pin+ a p'$ %$'&a in#$&e in#$&e s!a!e&en! s!a!e&en! is !$: A. (uil* a sales %$'e#as! %$'e#as! C. *e!e'&ine *e!e'&ine !e #$s! #$s! $% +$$*s +$$*s s$l* B. *e!e *e!e'& '&in inee !e !e p'$* p'$*u# u#!i !i$n $n s#e s#e*u *ule le D. n$ne n$ne $% !e !e a($ a($-e -e
11. 2i# $% !e %$ll$)in+ (es! *es#'i(es *es#'i(es a %i'&s e6!e'nal %un*in+ 'e9ui'e&en! 'e9ui'e&en! A. G'$)! in asse!s asse!s &inus +'$)! in lia(ili!ies &inus ne! ne! in#$&e B. G'$)! in asse!s &inus &inus !e #u''en! "ea's "ea's 'e!aine* 'e!aine* ea'nin+s ea'nin+s C. G'$)! in asse!s &inus +'$)! in #u''en! #u''en! lia(ili!ies &inus ne! in#$&e in#$&e D. G'$)! in asse!s asse!s &inus +'$)! in #u''en! lia(ili!ies &inus &inus !e "ea's 'e!aine* ea'nin+s ea'nin+s
@. Te pe'#en!0$%0sales pe'#en!0$%0sales &e!$* $% p'epa'in+ !e p'$,e#!e* in#$&e in#$&e s!a!e&en! assu&es !a! all #$s!s a'e: A. C$ns!an! C. a'ia(le a (le B. Fi F i6e* D. In I n*epen*en!
18. A #$&pan" !a! as 'api*l" +'$)in+ +'$)in+ sales )ill )ill p'$(a(l" A. nee* a**i!i$nal a**i!i$nal l$n+0!e'& %inan#in+ %inan#in+ C. a-e in#'easin+ in#'easin+ asse! 'e9ui'e&en!s 'e9ui'e&en!s B. a-e a-e a %inan %inan#in #in++ +ap +ap D. %in* !a! !a! all $% !e a($a($-ee a'e !'ue
. U!ili4in+ pas! #$s! an* e6pense e6pense 'a!i$s pe'#en!0$%0sales pe'#en!0$%0sales &e!$* )en p'epa'in+ p'epa'in+ p'$ %$'&a %inan#ial s!a!e&en!s )ill !en* !$ A. Un*e's!a!e p'$%i!s )en sales a'e *e#'easin+ *e#'easin+ an* $-e's!a!e p'$%i!s )en sales a'e in#'easin+. B. Un*e's!a!e p'$%i!s5 p'$%i!s5 n$ &a!!e' )a! !e #an+e #an+e in sales5 as as l$n+ as %i6e* #$s!s #$s!s a'e p'esen!. p'esen!. C. Un*e Un*e's!a 's!a!e !e p'$%i!s )en sales a'e in#'easin in#'easin++ an* $-e's!a!e $-e's!a!e p'$%i!s !s )en sales a'e *e#'easin+. D. O-e's!a!e p'$%i!s5 p'$%i!s5 n$ &a!!e' )a! !e #an+e #an+e in sales5 as l$n+ $n+ as %i6e* #$s!s #$s!s a'e p'esen!. p'esen!.
1?. 2i# $% !e %$ll$)in+ s!a!e&en!s is &$s! #$''e#! #$''e#! A. Sin#e Sin#e a##$un!s pa"a(le pa"a(le an* a##'ue* lia(ili!ies li!ies &us! e-en!uall" e-en!uall" (e pai*5 as !ese a##$un!s a##$un!s in#'ease5 'e9ui'e* ne) %inan#in+ als$ in#'eases. B. Supp$se a %i'& is $pe'a!in+ i!s %i6e* asse!s asse!s (el$) 1@@ pe'#en! #apa#i!" #apa#i!" (u! is a! 1@@ pe'#en! )i! 'espe#! !$ #u''en! asse!s. I% sales +'$)5 !e %i'& #an $%%se! !e nee*e* in#'ease in#'ease in #u''en! asse!s )i! i!s i*le %i6e* asse!s #apa#i!". #apa#i!". C. I% a %i'& 'e!ains all $% i!s ea'nin+s5 n+s5 !en i! )ill n$! nee* nee* an" a**i!i$nal $nal %un*s %un*s !$ supp$'! supp$'! sales +'$)!. D. A**i! A**i!i$na i$nall %un*s nee*e* a'e !"pi#all" !"pi#all" 'aise* %'$& s$&e #$&(ina!i #$&(ina!i$n $n $% n$!e n$!ess pa"a(le5 pa"a(le5 l$n+0 !e'& ($n*s5 an* #$&&$n s!$#/. Tese a##$un!s a'e n$nsp$n!ane$us n$nsp$n!ane$us in !a! !e" 'e9ui'e an e6pli#i! %inan#in+ *e#isi$n !$ in#'ease !e&.
8. A**i!i$nal A**i!i$nal %un*s %un*s nee*e* nee*e* a'e a'e (es! (es! *e%ine* *e%ine* as: A. Fun*s Fun*s !a! !a! a'e $(!aine* $(!aine* au!$&a!i au!$&a!i#al #all" l" %'$& %'$& '$u!i '$u!ine ne (usin (usiness ess !'ansa# !'ansa#!i$n !i$ns. s. B. Fun* Fun*ss !a! a %i'& &us! 'aise e6!e'nall" e6!e'nall" !'$u+ !'$u+ ($''$)in ($''$)in++ $' (" sellin+ ne) #$&&$n #$&&$n $' p'e%e''e* s!$#/. C. Te a&$un! a&$un! $% asse!s asse!s 'e9ui'e 'e9ui'e** pe' pes$ pes$ $% sales. sales. D. A %$'e#as!in %$'e#as!in++ app'$a# app'$a# in )i# !e %$'e#as!e* %$'e#as!e* pe'#en!a pe'#en!a+e +e $% sales %$' ea# i!e& is el* #$ns!an!.
G'$)! 1. 2i# 2i# $% !e %$ll$)in+ %$ll$)in+ is in#$''e# in#$''e#!! 'e+a'*in 'e+a'*in++ !e e%%e#! e%%e#! $% +'$)! $n !e nee* %$' e6!e'nal e6!e'nal %inan#in+ A. Hi+e' +'$)! +'$)! 'a!es )ill lea* !$ a +'ea!e' +'ea!e' nee* %$' in-es!&en!s in-es!&en!s in %i6e* asse!s an* an* )$'/in+ #api!al. B. Te in!e'nal +'$)! +'$)! 'a!e is !e !e &a6i&u& 'a!e !a! !e %i'& #an +'$) i% i! 'elies en!i'el" $n 'ein-es!e* p'$%i!s !$ %inan#e i!s +'$)!5 !a! is5 !e &a6i&u& 'a!e $% +'$)! )i!$u! 'e9ui'in+ e6!e'nal %inan#in+. C. Te sus!aina sus!aina(le (le +'$)! +'$)! 'a!e is !e 'a!e a! )i# !e %i'& %i'& #an +'$) )i! !e $p!i$n $p!i$n $% %le6i(l" #an+in+ i!s le-e'a+e 'a!i$.
. 2i# 2i# $% !e %$ll$)in+ n+ s!a!e&en!s s!a!e&en!s a($u! %$'e#as!in %$'e#as!in++ e6!e'nal e6!e'nal %un*in+ n+ 'e9ui'e&en!s 'e9ui'e&en!s -ia !e pe'#en!a+e $% sales &e!$* is !'ue A. Te plan assu&es !a! sales a'e *e!e'&ine* (" asse!s !a! *e!e'&ine !e e6!e'nal %un*s nee*e*. B. Te plan assu&es assu&es !a! !e e6!e'nal e6!e'nal %un*s nee*e* i&pa#! i&pa#! asse!s )i# )i# in !u'n *'i-e sales. sales.
106
Financial Management (A. Financial Planning Planning & Strategies)
D. One -e'" -e'" si&ple s!a'!in+ s!a'!in+ p$in! p$in! &a" (e a pe'#en!a+e pe'#en!a+e $% sales &$*el &$*el in )i# &an" &an" /e" -a'ia(les a'e assu&e* !$ (e *i'e#!l" p'$p$'!i$nal !$ sales.
T$!al asse!s 'e9ui'e&en!s . La&p as p'$,e#!e* p'$,e#!e* sales sales $% P1@@5@@@5 a +'$ss p'$%i! p'$%i! &a'+in $% 785 785 a 'e!u'n $n sales $% 18. 18. A##$un!s 'e#ei-a(le as (een 8 $% sales )ile in-en!$'" as (een 1@ $% #$s! $% sales. La&p as &ini&u& #as (alan#e $% P1@5@@@ an* %i6e* asse!s a'e p'$,e#!e* !$ (e P?85@@@. T$!al asse!s 'e9ui'e&en!s )$ul* (e A. P 7@58@@ C. P1 P11185 858@ 8@@@ B. P7@5@@@ D. P?@5@@@
1
Sensi!i-i!" anal"sis . H$l*in+ H$l*in+ all $!e' -a'ia(les -a'ia(les #$ns!an!5 #$ns!an!5 )i# )i# $% !e %$ll$)in+ %$ll$)in+ )$ul* in#'ease in#'ease a %i'&s e6!e'nal e6!e'nal %un*in+ 'e9ui'e&en!s in !e plannin+ pe'i$* A. An in#'ease in asse!s asse!s C. An in#'ease in *i-i*en*s *i-i*en*s pai* B. A *e#' *e#'eas easee in a##'u a##'uals als D. Al Alll $% !e !e a($ a($-e -e 1@. 2i# $% !e %$ll$)in+ is li/el" !$ in#'ease in#'ease !e 'e9ui'e* 'e9ui'e* ne) %inan#in+ RNF in a +i-en "ea' A. Te #$&pa #$&pan" n" 'e*u#e 'e*u#ess i!s *i-i*en* *i-i*en* pa"$u pa"$u!! 'a!i$. $. B. Te #$&pan #$&pan"s "s p'$%i! p'$%i! &a'+in &a'+in in#'eas in#'eases. es. C. Te #$&pan" *e#i*es !$ 'e*u#e 'e*u#e i!s 'elian#e 'elian#e $n a##$un!s a##$un!s pa"a(le as a %$'& $% %inan#in+. %inan#in+. D. Te #$&pan" #$&pan" is $pe'a!in+ $pe'a!in+ )ell (el$) %ull #apa#i!" #apa#i!"..
T$!al asse!s . Cal#ula!e !e !$!al asse!s $% P'e&ie'e P'e&ie'e C$&pan" C$&pan" +i-en +i-en !e %$ll$)in+ in%$'&a!i$n: Sales !is "ea' P35@@@5@@@ Sales in#'ease p'$,e#!e* %$' ne6! "ea' @ pe'#en! Ne! in#$&e !is "ea' P 8@5@@@ Di-i*en* pa"$u! 'a!i$ 7@ pe'#en! P'$,e#!e* e6#ess %un*s a-aila(le ne6! "ea' P 1@@5@@@ A##$un!s A##$un!s pa"a(le pa"a(le P >@@5@@@ >@@5@@@ N$!es pa"a(le P 1@@5@@@ A##'ue* A##'ue* )a+es )a+es an* !a6es !a6es P @@5@@@ @@5@@@ E6#ep! %$' !e a##$un!s n$!e*5 !e'e )e'e n$ $!e' #u''en! lia(ili!ies. Assu&e !a! !e %i'&s p'$%i! &a'+in 'e&ains #$ns!an! an* !a! !e #$&pan" is $pe'a!in+ a! %ull #apa#i!". A. P35@@@5@@@ P35@@@5@@@ C. P5@@@5@@@ P5@@@5@@@ B. P5 P5@@ @@5@ 5@@@ @@ D. P1 P15 5@@ @@5@ 5@@@ @@
1. M$nu&en! M$nu&en! C$'p$'a!i$n C$'p$'a!i$n as *e-el$pe* *e-el$pe* a %$'e#as!in %$'e#as!in++ &$*el &$*el !$ *e!e'&ine *e!e'&ine !e a**i!i$nal a**i!i$nal %un*s i! nee*s in !e #$&in+ "ea'. O!e' %a#!$'s 'e&ainin+ un#an+e*5 un#an+e*5 )i# $% !e %$ll$)in+ %a#!$'s is li/el" !$ in#'ease i!s a**i!i$nal %inan#in+ 'e9ui'e&en! A. A sa'p sa'p in#' in#'ease ease in i!s %$'e# %$'e#as!e* as!e* sale saless an* !e #$&pa #$&pan"s n"s %i6e* asse asse!s !s a'e a'e a! %ull %ull #apa# #apa#i!". i!". B. A 'e*u#!i$ 'e*u#!i$nn in i!s *i-i*en *i-i*en** pa"$u! pa"$u! 'a!i$. 'a!i$. C. Te #$&pan" in#'eases i!s 'elian#e $n !'a*e #'e*i! !a! sa'pl" sa'pl" 'aises i!s a##$un!s pa"a(le. D. A ne) #$s! #$s! #$n!'$l #$n!'$l p'$*u#es p'$*u#es &$'e e%%i#ien e%%i#ien!! #$s!s. 13. 2i# 2i# $% !e %$ll$)in+ %$ll$)in+ )ill n$! pe'&i! pe'&i! a i+e' in!e'nal +'$)! 'a!e5 $!e' !in+s e9ual A. A i+e' pl$)(a#/ pl$)(a#/ 'a!i$ C. A i+e' 'e!u'n 'e!u'n $n e9ui!" B. A i+e' i+e' *e(! *e(!0!$0a 0!$0asse sse!! 'a!i$ 'a!i$ D. A i+e' +e' 'e!u'n 'e!u'n $n asse!s asse!s
A**i!i$n !$ 'e!aine* ea'nin+s ea'nin+s 3 . Al&$n* C$'p$'a!i$n C$'p$'a!i$n 'e#en!l" 'e#en!l" 'ep$'!e* 'ep$'!e* !e %$ll$)in+ in#$&e in#$&e s!a!e&en! s!a!e&en! %$' @@> in P@@@: Sales P?5@@@ Ope'a!in+ #$s!s 35@@@ EBIT P75@@@ In!e'es! @@ Ea'nin+s (e%$'e !a6es EBT P35@@ Ta6es 7@ 158@ Ne! in#$&e !$ #$&&$n sa'e$l*e's sa'e$l*e's P5@ Te #$&pan" %$'e#as!s !a! i!s sales )ill in#'ease (" 1@ pe'#en! in @@? an* i!s $pe'a!in+ #$s!s )ill in#'ease in p'$p$'!i$n !$ sales. Te #$&pan"s in!e'es! e6pense is e6pe#!e* !$ 'e&ain a! P@@5@@@5 an* !e !a6 'a!e )ill 'e&ain a! 7@ pe'#en!. Te #$&pan" plans !$ pa" $u! 8@ pe'#en! $% i!s ne! in#$&e as *i-i*en*s5 !e $!e' 8@ pe'#en! )ill (e a**i!i$ns !$ 'e!aine* ea'nin+s. 2a! is !e %$'e#as!e* a**i!i$n !$ 'e!aine* ea'nin+s %$' @@?
1>. Te sus!aina(le +'$)! 'a!e is (es! *es#'i(e* (" )i# $% !e %$ll$)in+ A. Te 'a!e $% sales +'$)! !a! )ill sus!ain ! e asse!s $% !e #$&pan". B. Te 'a!e $% ea'nin+ ea'nin+ss +'$)! nee*e* nee*e* !$ a-$i* a-$i* e6!e'nal e6!e'nal %inan#in+. %inan#in+. C. Te &a6i&u& &a6i&u& 'a!e $% sales +'$)! +'$)! $% a #$&pan" )i!$u! )i!$u! usin+ usin+ e6!e'nal e6!e'nal *e(!. D. Te &a6i&u& &a6i&u& 'a!e $% sales +'$)! +'$)! $% a #$&pa #$&pan" n" )i!$u! 'aisin+ 'aisin+ e6!e'nal e6!e'nal %un*s %'$& !e sale $% s!$#/.
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Financial Management (A. Financial Planning Planning & Strategies)
Financial Management (A. Financial Planning Planning & Strategies)
D. One -e'" -e'" si&ple s!a'!in+ s!a'!in+ p$in! p$in! &a" (e a pe'#en!a+e pe'#en!a+e $% sales &$*el &$*el in )i# &an" &an" /e" -a'ia(les a'e assu&e* !$ (e *i'e#!l" p'$p$'!i$nal !$ sales.
T$!al asse!s 'e9ui'e&en!s . La&p as p'$,e#!e* p'$,e#!e* sales sales $% P1@@5@@@5 a +'$ss p'$%i! p'$%i! &a'+in $% 785 785 a 'e!u'n $n sales $% 18. 18. A##$un!s 'e#ei-a(le as (een 8 $% sales )ile in-en!$'" as (een 1@ $% #$s! $% sales. La&p as &ini&u& #as (alan#e $% P1@5@@@ an* %i6e* asse!s a'e p'$,e#!e* !$ (e P?85@@@. T$!al asse!s 'e9ui'e&en!s )$ul* (e A. P 7@58@@ C. P1 P11185 858@ 8@@@ B. P7@5@@@ D. P?@5@@@
1
Sensi!i-i!" anal"sis . H$l*in+ H$l*in+ all $!e' -a'ia(les -a'ia(les #$ns!an!5 #$ns!an!5 )i# )i# $% !e %$ll$)in+ %$ll$)in+ )$ul* in#'ease in#'ease a %i'&s e6!e'nal e6!e'nal %un*in+ 'e9ui'e&en!s in !e plannin+ pe'i$* A. An in#'ease in asse!s asse!s C. An in#'ease in *i-i*en*s *i-i*en*s pai* B. A *e#' *e#'eas easee in a##'u a##'uals als D. Al Alll $% !e !e a($ a($-e -e 1@. 2i# $% !e %$ll$)in+ is li/el" !$ in#'ease in#'ease !e 'e9ui'e* 'e9ui'e* ne) %inan#in+ RNF in a +i-en "ea' A. Te #$&pa #$&pan" n" 'e*u#e 'e*u#ess i!s *i-i*en* *i-i*en* pa"$u pa"$u!! 'a!i$. $. B. Te #$&pan #$&pan"s "s p'$%i! p'$%i! &a'+in &a'+in in#'eas in#'eases. es. C. Te #$&pan" *e#i*es !$ 'e*u#e 'e*u#e i!s 'elian#e 'elian#e $n a##$un!s a##$un!s pa"a(le as a %$'& $% %inan#in+. %inan#in+. D. Te #$&pan" #$&pan" is $pe'a!in+ $pe'a!in+ )ell (el$) %ull #apa#i!" #apa#i!"..
T$!al asse!s . Cal#ula!e !e !$!al asse!s $% P'e&ie'e P'e&ie'e C$&pan" C$&pan" +i-en +i-en !e %$ll$)in+ in%$'&a!i$n: Sales !is "ea' P35@@@5@@@ Sales in#'ease p'$,e#!e* %$' ne6! "ea' @ pe'#en! Ne! in#$&e !is "ea' P 8@5@@@ Di-i*en* pa"$u! 'a!i$ 7@ pe'#en! P'$,e#!e* e6#ess %un*s a-aila(le ne6! "ea' P 1@@5@@@ A##$un!s A##$un!s pa"a(le pa"a(le P >@@5@@@ >@@5@@@ N$!es pa"a(le P 1@@5@@@ A##'ue* A##'ue* )a+es )a+es an* !a6es !a6es P @@5@@@ @@5@@@ E6#ep! %$' !e a##$un!s n$!e*5 !e'e )e'e n$ $!e' #u''en! lia(ili!ies. Assu&e !a! !e %i'&s p'$%i! &a'+in 'e&ains #$ns!an! an* !a! !e #$&pan" is $pe'a!in+ a! %ull #apa#i!". A. P35@@@5@@@ P35@@@5@@@ C. P5@@@5@@@ P5@@@5@@@ B. P5 P5@@ @@5@ 5@@@ @@ D. P1 P15 5@@ @@5@ 5@@@ @@
1. M$nu&en! M$nu&en! C$'p$'a!i$n C$'p$'a!i$n as *e-el$pe* *e-el$pe* a %$'e#as!in %$'e#as!in++ &$*el &$*el !$ *e!e'&ine *e!e'&ine !e a**i!i$nal a**i!i$nal %un*s i! nee*s in !e #$&in+ "ea'. O!e' %a#!$'s 'e&ainin+ un#an+e*5 un#an+e*5 )i# $% !e %$ll$)in+ %a#!$'s is li/el" !$ in#'ease i!s a**i!i$nal %inan#in+ 'e9ui'e&en! A. A sa'p sa'p in#' in#'ease ease in i!s %$'e# %$'e#as!e* as!e* sale saless an* !e #$&pa #$&pan"s n"s %i6e* asse asse!s !s a'e a'e a! %ull %ull #apa# #apa#i!". i!". B. A 'e*u#!i$ 'e*u#!i$nn in i!s *i-i*en *i-i*en** pa"$u! pa"$u! 'a!i$. 'a!i$. C. Te #$&pan" in#'eases i!s 'elian#e $n !'a*e #'e*i! !a! sa'pl" sa'pl" 'aises i!s a##$un!s pa"a(le. D. A ne) #$s! #$s! #$n!'$l #$n!'$l p'$*u#es p'$*u#es &$'e e%%i#ien e%%i#ien!! #$s!s. 13. 2i# 2i# $% !e %$ll$)in+ %$ll$)in+ )ill n$! pe'&i! pe'&i! a i+e' in!e'nal +'$)! 'a!e5 $!e' !in+s e9ual A. A i+e' pl$)(a#/ pl$)(a#/ 'a!i$ C. A i+e' 'e!u'n 'e!u'n $n e9ui!" B. A i+e' i+e' *e(! *e(!0!$0a 0!$0asse sse!! 'a!i$ 'a!i$ D. A i+e' +e' 'e!u'n 'e!u'n $n asse!s asse!s
A**i!i$n !$ 'e!aine* ea'nin+s ea'nin+s 3 . Al&$n* C$'p$'a!i$n C$'p$'a!i$n 'e#en!l" 'e#en!l" 'ep$'!e* 'ep$'!e* !e %$ll$)in+ in#$&e in#$&e s!a!e&en! s!a!e&en! %$' @@> in P@@@: Sales P?5@@@ Ope'a!in+ #$s!s 35@@@ EBIT P75@@@ In!e'es! @@ Ea'nin+s (e%$'e !a6es EBT P35@@ Ta6es 7@ 158@ Ne! in#$&e !$ #$&&$n sa'e$l*e's sa'e$l*e's P5@ Te #$&pan" %$'e#as!s !a! i!s sales )ill in#'ease (" 1@ pe'#en! in @@? an* i!s $pe'a!in+ #$s!s )ill in#'ease in p'$p$'!i$n !$ sales. Te #$&pan"s in!e'es! e6pense is e6pe#!e* !$ 'e&ain a! P@@5@@@5 an* !e !a6 'a!e )ill 'e&ain a! 7@ pe'#en!. Te #$&pan" plans !$ pa" $u! 8@ pe'#en! $% i!s ne! in#$&e as *i-i*en*s5 !e $!e' 8@ pe'#en! )ill (e a**i!i$ns !$ 'e!aine* ea'nin+s. 2a! is !e %$'e#as!e* a**i!i$n !$ 'e!aine* ea'nin+s %$' @@?
1>. Te sus!aina(le +'$)! 'a!e is (es! *es#'i(e* (" )i# $% !e %$ll$)in+ A. Te 'a!e $% sales +'$)! !a! )ill sus!ain ! e asse!s $% !e #$&pan". B. Te 'a!e $% ea'nin+ ea'nin+ss +'$)! nee*e* nee*e* !$ a-$i* a-$i* e6!e'nal e6!e'nal %inan#in+. %inan#in+. C. Te &a6i&u& &a6i&u& 'a!e $% sales +'$)! +'$)! $% a #$&pan" )i!$u! )i!$u! usin+ usin+ e6!e'nal e6!e'nal *e(!. D. Te &a6i&u& &a6i&u& 'a!e $% sales +'$)! +'$)! $% a #$&pa #$&pan" n" )i!$u! 'aisin+ 'aisin+ e6!e'nal e6!e'nal %un*s %'$& !e sale $% s!$#/.
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Financial Management (A. Financial Planning Planning & Strategies)
A. P1517@ P1517@ B. P15>@
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C. P1577@ P1577@ D. P15 ? ?@
.
A**i!i$nal %inan#in+ n+ nee*e* 7 . I% a %i'& uses e6!e'na e6!e'nall %inan#in+ %inan#in+ as a plu+ i!e&5 i!e&5 as a ne) #api!al #api!al (u*+e! (u*+e! $% P &illi$n5 &illi$n5 a ne! in#$&e $% P3 &illi$n5 an* a pl$)(a#/ 'a!i$ $% 7@5 $) &u# s$ul* (e 'aise* in e6!e'nal %un*s A. P @@5@@@ C. P @@ @@5@ 5@@@ @@ B. P >@@5@@@ D. P15@@5@@@ 8
.
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.
Spa'/ C$&pan C$&pan"" as plan!s an!s in 3 &a,$' #i!ies. #i!ies. Sales %$' %$' las! "ea' "ea' )e'e P1@@ &illi$n5 li$n5 an* !e (alan#e see! a! "ea'0en* is si&ila' in pe'#en!a+e $% sales !$ !a! $% p'e-i$us "ea's an* !is )ill #$n!inue in !e %u!u'e. All asse!s in#lu*in+ %i6e* asse!s an* #u''en! #u''en! lia(ili!ies )ill -a'" *i'e#!l" )i! sales. Spa'/ C$&pan" is al'ea*" usin+ asse!s asse!s a! %ull #apa#i!".
Asse!s Cu''en! asse!s
Pa!i$ C$&pan" C$&pan" 'e#en!l" 'e#en!l" 'ep$'!e 'ep$'!e** sales $% P1@@ &illi$n5 &illi$n5 an* ne! in#$&e in#$&e e9ual !$ P8 &illi$n. &illi$n. Te #$&pan" as P?@ &illi$n in !$!al asse!s. O-e' !e ne6! "ea'5 !e #$&pan" is %$'e#as!in+ a @ pe'#en! in#'ease in sales. Sin#e !e #$&pan" is a! %ull #apa#i!"5 #apa#i!"5 i!s asse!s &us! in#'ease in p'$p$'!i$ p'$p$'!i$nn !$ sales. Te #$&pan" #$&pan" als$ es!i&a!es es!i&a!es !a! i% sales sales in#'ease in#'ease @ pe'#en!5 pe'#en!5 sp$n!ane$us lia(ili!ies lia(ili!ies )ill in#'ease (" P &illi$n. I% !e #$&pan"s sales in#'ease5 in#'ease5 i!s p'$%i! &a'+in )ill 'e&ain a! i!s #u''en! le-el. Te #$&pan"s *i-i*en* pa"$u! 'a!i$ is 7@ pe'#en!. pe'#en!. Base* $n !e RNF %$'&ula5 $) &u# a**i!i$nal #api!al &us! !e #$&pan" 'aise in $'*e' !$ supp$'! !e @ pe'#en! in#'ease in sales A. P 5@@@5@ 5@@@5@@@ @@ C. P 57@ 57@@5 @5@@ @@@@ B. P >5@@@5@@@ D. P 5>@@5@@@
Fi6e* asse!s
Balan#e See! In &illi$n pes$s Lia(ili!ies an* S!$#/$l*e's E9ui!" A##$un!s pa"a(le an* a##'uals P8@ N$!es pa"a(le l$n+ !e'& C$&&$n s!$#/ 7@ Re!aine* ea'nin+s
P8 3@ 18 @
T$!al P@ T$!al P@ Spa'/ C$&pan" as an a%!e'0!a6 p'$%i! &a'+in $% 8 pe'#en! an* a *i-i*en* pa"$u! 'a!i$ $% 3@ pe'#en!. I% sales +'$) (" 1@ pe'#en! ne6! "ea'5 !e 'e9ui'e* ne) %inan#in+ RNF !$ %inan#e !e e6pansi$n is A. P758@5@@@ C. P P5> 5>8@ 8@5@ 5@@@ @@ B. P35@@@5@@@ D. P85@@@5@@@
Le-e'a+e Le-e'a+e C$&pan"s C$&pan"s De#e&(e De#e&(e'' 315 @@> (alan#e (alan#e see! in P@@@5@@@ P@@@5@@@ is +i-en (el$): (el$): Cas P 1@ A##$un!s pa"a(le P 18 A##$un!s 'e#ei-a(le 8 N$!es pa"a(le @ In-en!$'ies 7@ A##'ue* e6penses 18 L$n+0!e'& *e(! 3@ Ne! %i6e* asse!s ?8 C$&&$n s!$#/ ?@ T$!al asse!s P18@ T$!al Lia( e9ui!" P18@ Sales *u'in+ !e pas! "ea' )e'e P1@@5@@@5@@@ an* !e" a'e e6pe#!e* !$ 'ise (" 8@ pe'#en! !$ P18@5@@@5@@@ *u'in+ @@?. @@?. Als$5 *u'in+ las! "ea' %i6e* asse!s asse!s )e'e (ein+ u!ili4e* !$ $nl" 8 pe'#en! $% #apa#i!"5 s$ Le-e'a+e C$&pan" #$ul* a-e supp$'!e* P1@@5@@@5@@@ $% sales )i! %i6e* asse!s !a! )e'e $nl" 8 pe'#en! $% las! "ea's a#!ual %i6e* asse!s. Assu&e !a! Le-e'a+es Le-e'a+es p'$%i! &a'+in )ill 'e&ain #$ns!an! a! 8 pe'#en! an* !a! !e #$&pan" )ill #$n!inue !$ pa" $u! >@ pe'#en! $% i!s ea'nin+s as *i-i*en*s. 2a! a&$un! $% n$nsp$n!ane$us5 'e9ui'e* ne) %inan#in+ RNF5 RNF5 )ill (e nee*e* *u'in+ !e ne6! "ea' A. P8858@@5@@ P8858@@5@@@@ C. P758@@5@ P758@@5@@@ @@ B. P85 P858@ 8@@5 @5@@ @@@@ D. P7 P7@5 @51 185 85@@ @@@@
Ne) L$n+0!e'& *e(! . Hell$ C$&pa C$&pan" n" as !e %$ll$)i %$ll$)in+ n+ (alan#e (alan#e see! see! as $% De#e&(e De#e&(e'' 315 @@>. @@>. Cu''en! asse!s Fi6e* asse!s T$!al Asse!s
P >@@5@@@ 7@@5@@@ P15@@@5@@@
A##$un!s A##$un!s pa"a(le pa"a(le P 1@@5@@@ 1@@5@@@ A##'ue* A##'ue* lia(il ia(ili!ies i!ies 1@@5@@@ 1@@5@@@ N$!es pa"a(le 1@@5@@@ L$n+0!e'& *e(! 3@@5@@@ T$!al #$&&$n e9ui!" 7@@5@@@ T$!al Lia(ili!ies an* E9ui!" P15@@@5@@@ In @@>5 !e #$&pan" 'ep$'!e* sales $% P8 &illi$n5 ne! in#$&e $% P1@@5@@@5 an* *i-i*en*s $% P>@5@@@. Te #$&pan" an!i#ipa!es an!i#ipa!es i!s sales )ill in#'ease @ pe'#en! pe'#en! in @@? an* i!s *i-i*en* pa"$u! pa"$u! )ill 'e&ain a! >@ pe'#en!. pe'#en!. Assu&e Assu&e !e #$&pan" #$&pan" is a! %ull #apa#i!"5 #apa#i!"5 s$ i!s asse!s an* sp$n!ane$us lia(ili!ies )ill in#'ease p'$p$'!i$na!el" )i! an in#'ease in sales. 108
Financial Management (A. Financial Planning Planning & Strategies)
Financial Management (A. Financial Planning Planning & Strategies)
A. P1517@ P1517@ B. P15>@
?
C. P1577@ P1577@ D. P15 ? ?@
.
A**i!i$nal %inan#in+ n+ nee*e* 7 . I% a %i'& uses e6!e'na e6!e'nall %inan#in+ %inan#in+ as a plu+ i!e&5 i!e&5 as a ne) #api!al #api!al (u*+e! (u*+e! $% P &illi$n5 &illi$n5 a ne! in#$&e $% P3 &illi$n5 an* a pl$)(a#/ 'a!i$ $% 7@5 $) &u# s$ul* (e 'aise* in e6!e'nal %un*s A. P @@5@@@ C. P @@ @@5@ 5@@@ @@ B. P >@@5@@@ D. P15@@5@@@ 8
.
>
.
Spa'/ C$&pan C$&pan"" as plan!s an!s in 3 &a,$' #i!ies. #i!ies. Sales %$' %$' las! "ea' "ea' )e'e P1@@ &illi$n5 li$n5 an* !e (alan#e see! a! "ea'0en* is si&ila' in pe'#en!a+e $% sales !$ !a! $% p'e-i$us "ea's an* !is )ill #$n!inue in !e %u!u'e. All asse!s in#lu*in+ %i6e* asse!s an* #u''en! #u''en! lia(ili!ies )ill -a'" *i'e#!l" )i! sales. Spa'/ C$&pan" is al'ea*" usin+ asse!s asse!s a! %ull #apa#i!".
Asse!s Cu''en! asse!s
Pa!i$ C$&pan" C$&pan" 'e#en!l" 'e#en!l" 'ep$'!e 'ep$'!e** sales $% P1@@ &illi$n5 &illi$n5 an* ne! in#$&e in#$&e e9ual !$ P8 &illi$n. &illi$n. Te #$&pan" as P?@ &illi$n in !$!al asse!s. O-e' !e ne6! "ea'5 !e #$&pan" is %$'e#as!in+ a @ pe'#en! in#'ease in sales. Sin#e !e #$&pan" is a! %ull #apa#i!"5 #apa#i!"5 i!s asse!s &us! in#'ease in p'$p$'!i$ p'$p$'!i$nn !$ sales. Te #$&pan" #$&pan" als$ es!i&a!es es!i&a!es !a! i% sales sales in#'ease in#'ease @ pe'#en!5 pe'#en!5 sp$n!ane$us lia(ili!ies lia(ili!ies )ill in#'ease (" P &illi$n. I% !e #$&pan"s sales in#'ease5 in#'ease5 i!s p'$%i! &a'+in )ill 'e&ain a! i!s #u''en! le-el. Te #$&pan"s *i-i*en* pa"$u! 'a!i$ is 7@ pe'#en!. pe'#en!. Base* $n !e RNF %$'&ula5 $) &u# a**i!i$nal #api!al &us! !e #$&pan" 'aise in $'*e' !$ supp$'! !e @ pe'#en! in#'ease in sales A. P 5@@@5@ 5@@@5@@@ @@ C. P 57@ 57@@5 @5@@ @@@@ B. P >5@@@5@@@ D. P 5>@@5@@@
Fi6e* asse!s
Balan#e See! In &illi$n pes$s Lia(ili!ies an* S!$#/$l*e's E9ui!" A##$un!s pa"a(le an* a##'uals P8@ N$!es pa"a(le l$n+ !e'& C$&&$n s!$#/ 7@ Re!aine* ea'nin+s
P8 3@ 18 @
T$!al P@ T$!al P@ Spa'/ C$&pan" as an a%!e'0!a6 p'$%i! &a'+in $% 8 pe'#en! an* a *i-i*en* pa"$u! 'a!i$ $% 3@ pe'#en!. I% sales +'$) (" 1@ pe'#en! ne6! "ea'5 !e 'e9ui'e* ne) %inan#in+ RNF !$ %inan#e !e e6pansi$n is A. P758@5@@@ C. P P5> 5>8@ 8@5@ 5@@@ @@ B. P35@@@5@@@ D. P85@@@5@@@
Le-e'a+e Le-e'a+e C$&pan"s C$&pan"s De#e&(e De#e&(e'' 315 @@> (alan#e (alan#e see! in P@@@5@@@ P@@@5@@@ is +i-en (el$): (el$): Cas P 1@ A##$un!s pa"a(le P 18 A##$un!s 'e#ei-a(le 8 N$!es pa"a(le @ In-en!$'ies 7@ A##'ue* e6penses 18 L$n+0!e'& *e(! 3@ Ne! %i6e* asse!s ?8 C$&&$n s!$#/ ?@ T$!al asse!s P18@ T$!al Lia( e9ui!" P18@ Sales *u'in+ !e pas! "ea' )e'e P1@@5@@@5@@@ an* !e" a'e e6pe#!e* !$ 'ise (" 8@ pe'#en! !$ P18@5@@@5@@@ *u'in+ @@?. @@?. Als$5 *u'in+ las! "ea' %i6e* asse!s asse!s )e'e (ein+ u!ili4e* !$ $nl" 8 pe'#en! $% #apa#i!"5 s$ Le-e'a+e C$&pan" #$ul* a-e supp$'!e* P1@@5@@@5@@@ $% sales )i! %i6e* asse!s !a! )e'e $nl" 8 pe'#en! $% las! "ea's a#!ual %i6e* asse!s. Assu&e !a! Le-e'a+es Le-e'a+es p'$%i! &a'+in )ill 'e&ain #$ns!an! a! 8 pe'#en! an* !a! !e #$&pan" )ill #$n!inue !$ pa" $u! >@ pe'#en! $% i!s ea'nin+s as *i-i*en*s. 2a! a&$un! $% n$nsp$n!ane$us5 'e9ui'e* ne) %inan#in+ RNF5 RNF5 )ill (e nee*e* *u'in+ !e ne6! "ea' A. P8858@@5@@ P8858@@5@@@@ C. P758@@5@ P758@@5@@@ @@ B. P85 P858@ 8@@5 @5@@ @@@@ D. P7 P7@5 @51 185 85@@ @@@@
Ne) L$n+0!e'& *e(! . Hell$ C$&pa C$&pan" n" as !e %$ll$)i %$ll$)in+ n+ (alan#e (alan#e see! see! as $% De#e&(e De#e&(e'' 315 @@>. @@>. Cu''en! asse!s P >@@5@@@ 7@@5@@@ P15@@@5@@@
Fi6e* asse!s T$!al Asse!s
A##$un!s A##$un!s pa"a(le pa"a(le P 1@@5@@@ 1@@5@@@ A##'ue* A##'ue* lia(il ia(ili!ies i!ies 1@@5@@@ 1@@5@@@ N$!es pa"a(le 1@@5@@@ L$n+0!e'& *e(! 3@@5@@@ T$!al #$&&$n e9ui!" 7@@5@@@ T$!al Lia(ili!ies an* E9ui!" P15@@@5@@@ In @@>5 !e #$&pan" 'ep$'!e* sales $% P8 &illi$n5 ne! in#$&e $% P1@@5@@@5 an* *i-i*en*s $% P>@5@@@. Te #$&pan" an!i#ipa!es an!i#ipa!es i!s sales )ill in#'ease @ pe'#en! pe'#en! in @@? an* i!s *i-i*en* pa"$u! pa"$u! )ill 'e&ain a! >@ pe'#en!. pe'#en!. Assu&e Assu&e !e #$&pan" #$&pan" is a! %ull #apa#i!"5 #apa#i!"5 s$ i!s asse!s an* sp$n!ane$us lia(ili!ies )ill in#'ease p'$p$'!i$na!el" )i! an in#'ease in sales. 108
Financial Management (A. Financial Planning Planning & Strategies)
Assu&e Assu&e !e #$&pan #$&pan"" uses !e AFN AFN %$'&ula %$'&ula an* an* all a**i!i$n a**i!i$nal al %un*s %un*s nee*e* nee*e* AFN AFN )ill #$&e %'$& %'$& issuin+ ne) l$n+0!e'& *e(!. Gi-en i!s %$'e#as!5 $) &u# l$n+0!e'& *e(! )ill !e #$&pan" a-e !$ issue in @@? A. P >@5@@@ >@5@@@ C. P 5@@@ 5@@@ B. P 5@ 5@@@ D. P1 P1115 5@@ @@@@
A. App'$6i&a!el" 1 1 B. App App'$6 '$6i&a i&a!el !el"" 11@ @
C. App'$6i&a!el" 1 1 D. App'$6 App'$6i&a i&a!el !el"" @ @
C$nse'-a!i-e p$li#" 13 . 2ales 2ales C$&pan" as P5@@@5@@@ P5@@@5@@@ in #u''en! #u''en! asse!s5 P358@@5@@@ P358@@5@@@ $% )i# a'e #$nsi*e'e* #$nsi*e'e* pe'&anen! #u''en! asse!s. In a**i!i$n5 !e %i'& as P>5@@@5@@@ in-es!e* in %i6e* asse!s. 2ales C$&pan" )ises !$ %inan#e all %i6e* asse!s an* pe'&anen! #u''en! asse!s plus al% $% i!s !e&p$'a'" #u''en! #u''en! asse!s )i! l$n+0!e'& %inan#in+ %inan#in+ #$s!in+ 18 pe'#en!. S$'!0!e'& S$'!0!e'& %inan#in+ #u''en!l" #$s!s 1@ pe'#en!. 2ales C$&pan"s ea'nin+s ea'nin+s (e%$'e in!e'es! an* !a6es a'e P5@@5@@@. In#$&e !a6 'a!e is 7@ pe'#en!. H$) &u# )$ul* 2ales C$&pan"s ea'nin+s a%!e' !a6es un*e' !is %inan#in+ plan A. P158@@ C. P85@@@ B . P 1 1? 58 58 @@ @@ D . P 8 85 @@ @@ @
Ma6i&u& sales . In*$ In*us!'ie In*us!'iess as P.8 &illi$n &illi$n in sales an* P@. &illi$n &illi$n in %i6e* asse!s. asse!s. Cu''en!l" Cu''en!l"55 !e #$&pan"s #$&pan"s %i6e* asse!s a'e $pe'a!in+ a! ?8 pe'#en! $% #apa#i!". 2a! le-el $% sales #$ul* In*$ In*us!'ies a-e $(!aine* i% i! a* (een $pe'a!in+ a! %ull #apa#i!" A. P5@@5@@@ C. P35@@@5@@@ B. P3 P353 5333 3353 5333 33 D. P351 P3518 858 58?8 ?8 Ma6i&u& +'$)! 'a!e 1@ . Pie''e C$&pan C$&pan"" as !e %$ll$)in+ l$)in+ 'a!i$s: 'a!i$s: AJS K 1.> LJS LJS K @.7 p'$%i! p'$%i! &a'+in K @.1@ @.1@ an* *i-i*en* pa"$u! 'a!i$ K @.785 $' 78 pe'#en!. pe'#en!. Sales las! "ea' )e'e )e'e P1@@ &illi$n. Assu&in+ !a! !ese 'a!i$s )ill 'e&ain #$ns!an! an* !a! all lia(ili!ies in#'ease sp$n!ane$usl" )i! in#'eases in sales5 )a! is !e &a6i&u& +'$)! 'a!e Pie'e C$&pan" #an a#ie-e )i!$u! a-in+ !$ e&pl$" n$nsp$n!ane$us e6!e'nal %un*s A. 3. pe'#en! C. ?. pe'#en! B. 7. 7. pe'# pe'#en en!! D. .> .> pe'# pe'#en en!!
A++'essi-e p$li#" 17 . Luminous Luminous Co. has total fixed fixed assets of P100,000 P100,000 and no current current liabiliti liabilities. es. The table table below displays its wide variation variation in current asset components. 1s! !' n* !' 3'* !' 7! !' Cas P @ 5@ @ @ P 1@5@@@ P 1 8 5@ @ @ P @5@@@ A##!s 'e#ei-a(le >>5@@@ 85@@@ 7?5@@@ 5@@@ In-en!$'" @ 5@ @ @ >85@@@ 8 5@ @ @ 1@5@@@ T$ T$!al P1@>5@@@ P1@@5@@@ P115@@@ P115@@@ I% Lu&in$us p$li#" is !$ %inan#e all %i6e* asse!s an* al% !e pe'&anen! #u''en! asse!s )i! l$n+0!e'& l$n+0!e'& %inan#in+ an* 'es! )i! s$'!0!e'& %inan#in+5 n+5 )a! is !e le-el $% l$n+0!e'& l$n+0!e'& %inan#in+ A. P >5@@@ C. P1 P18@ 8@5@ 5@@@ @@ B. P1@@5@@@ D. P 1885>8
11
. Te Riple" e" C$&pan" C$&pan" is !'"in+ n+ !$ *e!e'&ine *e!e'&ine an a##ep! a##ep!a(le a(le +'$)! +'$)! 'a!e in sales. sales. 2ile !e !e %i'& )an!s !$ e6pan*5 i! *$es n$! )an! !$ use an" e6!e'nal %un*s !$ supp$'! su# e6pansi$n *ue !$ !e pa'!i#ula'l" i+ in!e'es! 'a!es in !e &a'/e! n$). Ha-in+ +a!e'e* !e %$ll$)in+ *a!a %$' !e %i'&5 )a! is !e &a6i&u& +'$)! 'a!e i! #an sus!ain )i!$u! 'e9ui'in+ a**i!i$nal %un*s Capi!al in!ensi!" 'a!i$ K 1.. P'$%i! &a'+in K 1@. Di-i*en* pa"$u! 'a!i$ K 8@. Cu''en! sales K P1@@5@@@. Sp$n!ane$us lia(ili!ies K P1@5@@@. A. 3.> C. 8. B. 7. D. >.1
Ma6i&u& *i-i*en* pa"$u! 'a!i$ . 2a! is !e &a6i&u& &a6i&u& *i-i*en* pa"$u! pa"$u! 'a!i$ #$nsis!en! #$nsis!en! )i! n$! 'e9ui'in+ 'e9ui'in+ e6!e'nal e6!e'nal %un*s %$' a %i'& )i! an ROE $% 185 a *e(!0e9ui!" 'a!i$ $% 8@5 an* an annual sales +'$)! $(,e#!i-e $%
1
109
Financial Management (A. Financial Planning Planning & Strategies)
Assu&e Assu&e !e #$&pan #$&pan"" uses !e AFN AFN %$'&ula %$'&ula an* an* all a**i!i$n a**i!i$nal al %un*s %un*s nee*e* nee*e* AFN AFN )ill #$&e %'$& %'$& issuin+ ne) l$n+0!e'& *e(!. Gi-en i!s %$'e#as!5 $) &u# l$n+0!e'& *e(! )ill !e #$&pan" a-e !$ issue in @@? A. P >@5@@@ >@5@@@ C. P 5@@@ 5@@@ B. P 5@ 5@@@ D. P1 P1115 5@@ @@@@
A. App'$6i&a!el" 1 1 B. App App'$6 '$6i&a i&a!el !el"" 11@ @
C$nse'-a!i-e p$li#" 13 . 2ales 2ales C$&pan" as P5@@@5@@@ P5@@@5@@@ in #u''en! #u''en! asse!s5 P358@@5@@@ P358@@5@@@ $% )i# a'e #$nsi*e'e* #$nsi*e'e* pe'&anen! #u''en! asse!s. In a**i!i$n5 !e %i'& as P>5@@@5@@@ in-es!e* in %i6e* asse!s. 2ales C$&pan" )ises !$ %inan#e all %i6e* asse!s an* pe'&anen! #u''en! asse!s plus al% $% i!s !e&p$'a'" #u''en! #u''en! asse!s )i! l$n+0!e'& %inan#in+ %inan#in+ #$s!in+ 18 pe'#en!. S$'!0!e'& S$'!0!e'& %inan#in+ #u''en!l" #$s!s 1@ pe'#en!. 2ales C$&pan"s ea'nin+s ea'nin+s (e%$'e in!e'es! an* !a6es a'e P5@@5@@@. In#$&e !a6 'a!e is 7@ pe'#en!. H$) &u# )$ul* 2ales C$&pan"s ea'nin+s a%!e' !a6es un*e' !is %inan#in+ plan A. P158@@ C. P85@@@ B . P 1 1? 58 58 @@ @@ D . P 8 85 @@ @@ @
Ma6i&u& sales . In*$ In*us!'ie In*us!'iess as P.8 &illi$n &illi$n in sales an* P@. &illi$n &illi$n in %i6e* asse!s. asse!s. Cu''en!l" Cu''en!l"55 !e #$&pan"s #$&pan"s %i6e* asse!s a'e $pe'a!in+ a! ?8 pe'#en! $% #apa#i!". 2a! le-el $% sales #$ul* In*$ In*us!'ies a-e $(!aine* i% i! a* (een $pe'a!in+ a! %ull #apa#i!" A. P5@@5@@@ C. P35@@@5@@@ B. P3 P353 5333 3353 5333 33 D. P351 P3518 858 58?8 ?8 Ma6i&u& +'$)! 'a!e 1@ . Pie''e C$&pan C$&pan"" as !e %$ll$)in+ l$)in+ 'a!i$s: 'a!i$s: AJS K 1.> LJS LJS K @.7 p'$%i! p'$%i! &a'+in K @.1@ @.1@ an* *i-i*en* pa"$u! 'a!i$ K @.785 $' 78 pe'#en!. pe'#en!. Sales las! "ea' )e'e )e'e P1@@ &illi$n. Assu&in+ !a! !ese 'a!i$s )ill 'e&ain #$ns!an! an* !a! all lia(ili!ies in#'ease sp$n!ane$usl" )i! in#'eases in sales5 )a! is !e &a6i&u& +'$)! 'a!e Pie'e C$&pan" #an a#ie-e )i!$u! a-in+ !$ e&pl$" n$nsp$n!ane$us e6!e'nal %un*s A. 3. pe'#en! C. ?. pe'#en! B. 7. 7. pe'# pe'#en en!! D. .> .> pe'# pe'#en en!!
A++'essi-e p$li#" 17 . Luminous Luminous Co. has total fixed fixed assets of P100,000 P100,000 and no current current liabiliti liabilities. es. The table table below displays its wide variation variation in current asset components. 1s! !' n* !' 3'* !' 7! !' Cas P @ 5@ @ @ P 1@5@@@ P 1 8 5@ @ @ P @5@@@ A##!s 'e#ei-a(le >>5@@@ 85@@@ 7?5@@@ 5@@@ In-en!$'" @ 5@ @ @ >85@@@ 8 5@ @ @ 1@5@@@ T$ T$!al P1@>5@@@ P1@@5@@@ P115@@@ P115@@@ I% Lu&in$us p$li#" is !$ %inan#e all %i6e* asse!s an* al% !e pe'&anen! #u''en! asse!s )i! l$n+0!e'& l$n+0!e'& %inan#in+ an* 'es! )i! s$'!0!e'& %inan#in+5 n+5 )a! is !e le-el $% l$n+0!e'& l$n+0!e'& %inan#in+ A. P >5@@@ C. P1 P18@ 8@5@ 5@@@ @@ B. P1@@5@@@ D. P 1885>8
11
. Te Riple" e" C$&pan" C$&pan" is !'"in+ n+ !$ *e!e'&ine *e!e'&ine an a##ep! a##ep!a(le a(le +'$)! +'$)! 'a!e in sales. sales. 2ile !e !e %i'& )an!s !$ e6pan*5 i! *$es n$! )an! !$ use an" e6!e'nal %un*s !$ supp$'! su# e6pansi$n *ue !$ !e pa'!i#ula'l" i+ in!e'es! 'a!es in !e &a'/e! n$). Ha-in+ +a!e'e* !e %$ll$)in+ *a!a %$' !e %i'&5 )a! is !e &a6i&u& +'$)! 'a!e i! #an sus!ain )i!$u! 'e9ui'in+ a**i!i$nal %un*s Capi!al in!ensi!" 'a!i$ K 1.. P'$%i! &a'+in K 1@. Di-i*en* pa"$u! 'a!i$ K 8@. Cu''en! sales K P1@@5@@@. Sp$n!ane$us lia(ili!ies K P1@5@@@. A. 3.> C. 8. B. 7. D. >.1
Ma6i&u& *i-i*en* pa"$u! 'a!i$ . 2a! is !e &a6i&u& &a6i&u& *i-i*en* pa"$u! pa"$u! 'a!i$ #$nsis!en! #$nsis!en! )i! n$! 'e9ui'in+ 'e9ui'in+ e6!e'nal e6!e'nal %un*s %$' a %i'& )i! an ROE $% 185 a *e(!0e9ui!" 'a!i$ $% 8@5 an* an annual sales +'$)! $(,e#!i-e $%
1
109
1
.
Ans)e': C Cas A##$un!s 'e#ei-a(le 'e#ei-a(le In-en!$'" Fi6e* asse!s T$!al asse!s 'e9ui'e*
@.8 6 P1@@5@@@ @.1 6 P1@@5@@@ 6 @.88
2
. Ans)e': D Te n$!e pa"a(le is assu&e* !$ (e a n$nsp$n!ane$us lia(ili!". lia(ili!". Le! A K T$!al T$!al Asse!s @.A @@5@@@ 6 @. 35@@@5@@@ 35@@@5@@@ 6 1. 6 @.@33 6 @.> K 01@@5@@@ @.A 1>@5@@@ 1@5@@@ 1@5@@@ K 01@@5@@@ @.A K 7@5@@@ A K 15@@5@@@
.
!
.
Ans)e': B Sales %$'e#as! P?M 6 1.1 Ope'a!in+ #$s!s P3M 6 1.1 EBIT In!e'es! Ea'nin+s (e%$'e !a6 In#$&e !a6 P75@@5@@@ 6 @.7 Ne! in#$&e Di-i*en*s P58@5@@@ 6 @.8 In#'ease in Re!aine* Ea'nin+s Ans)e': C Capi!al (u*+e!
C. App'$6i&a!el" 1 1 D. App'$6 App'$6i&a i&a!el !el"" @ @
P 1@5@@@ 85@@@ 858@@ ?85@@@ P11858@@
P?5?@@5@@@ 353@@5@@@ P757@@5@@@ @@5@@@ P75@@5@@@ 15>@5@@@ P58@5@@@ 15>@5@@@ P15>@5@@@
@@@ @@@
1
.
Ans)e': C Cas A##$un!s 'e#ei-a(le 'e#ei-a(le In-en!$'" Fi6e* asse!s T$!al asse!s 'e9ui'e*
@.8 6 P1@@5@@@ @.1 6 P1@@5@@@ 6 @.88
2
. Ans)e': D Te n$!e pa"a(le is assu&e* !$ (e a n$nsp$n!ane$us lia(ili!". lia(ili!". Le! A K T$!al T$!al Asse!s @.A @@5@@@ 6 @. 35@@@5@@@ 35@@@5@@@ 6 1. 6 @.@33 6 @.> K 01@@5@@@ @.A 1>@5@@@ 1@5@@@ 1@5@@@ K 01@@5@@@ @.A K 7@5@@@ A K 15@@5@@@
.
!
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.
.
#
.
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.
Ans)e': B Sales %$'e#as! P?M 6 1.1 Ope'a!in+ #$s!s P3M 6 1.1 EBIT In!e'es! Ea'nin+s (e%$'e !a6 In#$&e !a6 P75@@5@@@ 6 @.7 Ne! in#$&e Di-i*en*s P58@5@@@ 6 @.8 In#'ease in Re!aine* Ea'nin+s
P?5?@@5@@@ 353@@5@@@ P757@@5@@@ @@5@@@ P75@@5@@@ 15>@5@@@ P58@5@@@ 15>@5@@@ P15>@5@@@
Ans)e': C Capi!al (u*+e! In#'ease in 'e!aine* ea'nin+s 3M 6 @.7 E6!e'nal %un*s nee*e* Ans)e': C A**i!i$nal asse!s a sse!s ?@M @. De*u#!: In#'ease in sp$n!ane$us lia(ili!ies In#'eas In#'easee in 'e!aine* 'e!aine* ea'nin+s ea'nin+s 1@M 6 @.@8 6 @.> A**i!i$nal #api!al #ap i!al
P 1@5@@@ 85@@@ 858@@ ?85@@@ P11858@@
5@@@5@@@ 15@@5@@@ @@5@@@
175@@@5@@@ 5@@@5@@@ 35>@@5@@ 35>@@5@@@@
85>@@5@@ 85>@@5@@@@ 57@@5@@@
Ans)e': D Fi6e* 'e9ui'e* (" P1@@M sales P P?8M 6 @.8 P>35?8@5@@@ T$!al T$!al %i6e* %i6e* asse!s asse!s 'e9ui'e* 'e9ui'e* (" P18@M sales sales 18@ 1@@ 6 P>35?8@5@@@ P>35?8@5@@@ P85>85@@@ P85>85@@@ De*u#! #u''en! le-el $% %i6e* asse!s ? 8 5@ @ @ 5@ @ @ Re9ui'e* in#'ease in %i6e* asse!s @ 5> 8 5@ @ @ In#'ease in ne! sp$n!ane$us asse!s @.8 6 P?8M P3@ 58 @ @ 5 @ @ @ T$!al %inan#in+ nee*e* 7 3 5 1 8 5@ @ @ De*u#! in#'ease in 'e!aine* ea'nin+s P18@M 6 @.@8 6 @.7 3 5@ @ @ 5@ @ @ A**i!i$nal Finan#in+ Fin an#in+ Nee*e* Nee*e * P7@5185@@@ Ans)e': C RNF K SAJS@ 6 S SLJS@ 6 S 0 RE @.@ 6 1@ M .8 6 1@ M .?@ 6 .@8 6 11@ M >58@@5@@@ 358@5@@@ K 5>8@5@@@ Al!e'na!i-e S$lu!i$n: S$l u!i$n:
RNF K @.1 6 @M @.1 6 8M @.? 6 @.@8 6 11@MK 5>8@5@@@ SA K Sp$n!ane$us -a'ia(le asse!s SL K Sp$n!ane$us -a'ia(le lia(ili!ies RE K Re!aine* ea'nin+s S K In#'ease in sales %
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Ans)e': D In#'ease in !$!al asse!s 1M 6 @. In#'ease in lia(ili!ies @@5@@@ 6 @. In#'ease in ne! sp$n!ane$us asse!s In#'ease in 'e!aine* ea'nin+s >M 6 @.@ 6 @.7 In#'ease in l$n+0!e'& *e(! RNF Ans)e': B A&$un! sales pe' pe ' #apa#i!" uni! A&$un! $% sales a! a ! 1@@ #apa#i!":
.8M ?8 1@@ 6 335333.33 335333.3 3
10
.
11
. Ans)e': B Te s$lu!i$n &a" use !e RNF %$'&ula. Q+A L RR 6 ROS 6 S1 Re%e' !$ sp$n!ane$us $' -a'ia(le asse!s an* lia(ili!ies. T$!al T$!al asse!s (ase* $n in!ensi!" 'a!i$: 1@@5@@@ 6 1. P1@5@@@ @ K +1@5@@@ 1@5@@@
[email protected] 6 @.8 6 1@@5@@@ 6 1+ @ K 11@5@@@+ 11@5@@@+ 85@@@ 6 1 + @ K 11@5@@@+ 11@5@@@+ 85@@@ 85@@@+ 1@85@@@+ K 85@@@ + 7.
12
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Ans)e': B E9ui!" E9ui!" 'a!i$: 'a!i$: 1 1 @.8 >>.>? >>.>? @ K @.@ @.18 6 @.>>>? 6 RR @ K @.@ @.1RR @.1RR K @.@ RR K @
1
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Ans)e': B L$n+0!e'& %inan#in+ S$'!0!e'& %inan#in+ In!e'es! #$s!s A%!e' !a6 in#$&e:
@ @ 5@ @ @ 7 @ 5@ @ @ 1 > @ 5@ @ @ 7 5@ @ @ 115@@@
35333.33 353335333
Ans)e': B 1.> 1@@5@@@5@@@ 1@@5@@@5@@@ @.7 1@@5@@@5@@@ @.88 6 @.1@ @.1@ K @ 1. 1@@5@@@5@@@ 1@@5@@@5@@@ @.@88 K @ 1. 0 1@5@@@5@@@ 1@5@@@5@@@ 0 @.@88 K 0 1.178 K 1@5@@@5@@@ K 1@75@3573 G'$)!: 1@75@3573J1@@5@@@5@@ 1@75@3573J1@@5@@@5@@@ @ 1 K 7.
11.?8M 6 @.18 .8M 6 @.1@ 5@@5@@@ 15?.@@@ .>@
Finan#in+ Mi6: Fi6e* asse!s Pe'&anen! le-el $% #u''en! asse!s
1 5? > 58 @ @ 85@@@ 1 5 ? 58 @ @ 1?58@@
> .@ @ M 3 .8 @ M
Te&p$'a'" Te&p$'a'" le-el $% #u''en! asse!s T$!al L$n+0!e'& Finan#in+ 1!
.
@.8 6 7.8M
.8 M 11.?8M
Ans)e': C Fi6e* asse!s 1 @ @ 5@ @ @ Pe'&anen! #u''en! asse!s 1@@5@@@ 6 @.8 8 @ 5@ @ @ T$!al Pe'&anen! Finan#in+ 1 8 @ 5@ @ @ Pe'&anen! #u''en! asse!s 'ep'esen! !e l$)es! le-el $% #u''en! asse!s *u'in+ !e "ea'.