At the beginning of the year, you have an outstanding short-term loan of $274 which was used to cover your cash needs for the previous year.

At the beginning of the year, you have an outstanding short-term loan of $274 which was used to cover your cash needs for the previous year. The interest expense for the year is $19. The projected net cash flow for this year is $123, prior to any payment of principal or interest on this loan. What is your anticipated loan balance at year end?    A.  $151 B.  $170 C.  $176 D.  $189 E.  $193 Loan balance = $274 + $19 - $123 = $170

97.	Details Corp. has a book net worth of $8,150. Long-term debt is $1,800. Net working capital, other than cash, is $2,150. Fixed assets are $2,000. How much cash does the company have?    A.  $4,250 B.  $4,550 C.  $5,150 D.  $5,800 E.  $6,750 Cash = $8,150 + $1,800 - $2,150 - $2,000 = $5,800

98.

The Wake-Up Coffee Company has projected the following quarterly sales amounts for the coming year:    Accounts receivable at the beginning of the year are $200. Wake-Up has a 60-day collection period. What is the amount of the accounts receivable balance at the end of Quarter 3?    A.  $375 B.  $450 C.  $500 D.  $600 E.  $700 A/R Q3 end = (60/90) × $750 = $500

99.

Consider the following financial statement information for the Bulldog Icers Corporation:    How long is the cash cycle?    A.  39.0 days B.  40.2 days C.  41.0 days D.  41.4 days E.  42.8 days Inventory turnover = $58,638/[($9,338 + $11,550)/2] = 5.6145 times Inventory period = 365/5.6145 = 65.01 days Receivables turnover = $82,544/[($5,670 + $6,947)/2] = 13.0846 times Receivables period = 365/13.0846 = 27.9 days Payables turnover = $58,638/[($7,689 + $9,625)/2] = 6.7735 times Payables period = 365/6.7735 = 53.89 days Cash cycle = 65.01 + 27.9 - 53.89 = 39.0 days