Quiz – Julius Co.
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given an income statement and a balance sheet, they ask you to determine the cash flow from operating activities.
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Given an income statement and a balance sheet, they ask you to determine the cash flow from operating activities.
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Given accounts from a trial balance they ask you to prepare a single-step income statement with earnings per share.
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Given accounts from a trial balance they ask you to prepare a multi-step income with earnings per share.
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Determine the minimum annual rate of return required for a mutual fund to outperform a bank CD, taking into account the fund’s expense ratio and 12b-1 fee.
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Given the sales revenue, selling and administration expenses, restructuring charges, and loss on the operation. Asks for the net income for the current year.
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Determine the turnover rate of a mutual fund based on its total assets outstanding and the value of assets bought and sold during the year.
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Determine the Net Asset Value (NAV) of an open-end fund, given the offer price and a front-end load percentage.
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Given net income, accounts payable, and inventory balances they ask you to determine the operating cash flows.
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Determine the offering price of the open-end fund by considering the net asset value per share and the load fee percentage.
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Calculate the offering price of an open-end fund with a given net asset value (NAV) per share and a load percentage.
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