1-the statement of cash flows provides a summary of the firms
a- cash flows from operating activities .
b-cash inflows from financing activities
c-cash flows from investment activities
d- all of the above
2- which of the following is a source of cash flows
a- cost of goods sold
b-Depreciation
c- interest expense
d-taxes
3- calculate net operating profit after taxes (NOPAT)if a firm has sales of $1,000,000 operating profit (EBIT)of $100,00 interst expense of $ 50,000 and a tax rate of 30%
a- $ 35,000
b-$700,000
c- $ 70,000
d- none of the above
4-the financial planning process begins with --------- financial plans that in trun guide the formation of ------- plans and budgets
a-short -run ,long -run
b-short -run , operating
c- long-run,strategic
d- long-run,short-run
5- the-----------is a financial projection of the firms short term cash surpluses or shortages
a-operating financial plan
b-cash budget
c-strategic financial journal
d-capital assets journal