题目内容

Which of the following statements best explains how automatic stabilizers work Even without a change in fiscal policy, automatic stabilizers tend to promote:()

A. a budget surplus during a recession and a budget deficit during an inflationary expansion.
B. a budget deficit during a recession but do not promote a budget surplus during an inflationary expansion.
C. a budget deficit during a recession and a budget surplus during an inflationary expansion.

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The price to cash flow (P/CF) model has grown in popularity for all of the following reasons EXCEPT:()

A. CFs are more easily estimated than future dividends.
B. CFs are generally more difficult to manipulate than earnings.
CFs may be used for firms that have negative earnings per share or do not pay dividends.

KNA company wants to maintain a level of current assets at least equal to 30 percent greater than current liabilities (current assets/current liabilities=current ratio=1.3). At the end of last year, current assets were $ 300 and current liabilities were $ 250. If KNA sold some fixed assets to generate cash, what is the minimum amount they would need to sell to reach a current ratio of 1.3()

A. $ 25000.
B. $ 30000.
C. $ 15000.

Use the following data from Delta’s common size financial statement to answer the question: Earnings after taxes=18% Equity=40% Current assets=60% Current liabilities=30% Sales=$ 300 Total assets=$1400 What is Delta’s total-debt-to-equity ratio()

A. 1.0.
B. 1.5.
C. 2.0.

According to Statement on Auditing Standards No. 99, Consideration of Fraud in a Financial Statement Audit, which of the following is least likely to be a risk factor related to opportunities to commit fraudulent accounting()

A. Significant related party transactions.
B. High turnover among accounting and information systems personnel.
C. Aggressive or unrealistic profitability expectations from third parties.

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