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WGU - C214: Financial Management Exam Questions & Answers Solved Correctly
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If accounts receivable increases, what is the impact on CFO? - ANSWER-CFO decreases Are actual taxes paid the same as how on the GAAP income statement? - ANSWER-No. Actual Taxes = IRS Rules Income Statement = GAAP Which decisions require using subjective estimates? - ANSWER-Economic life of a new asset. If there is a 30% change of a recession, what is the probability of expansion? - ANSWER-70% *The sum of probabilities must equal 100% How much interest is paid on a 6% bond over 2 years and 3 months? - ANSWER-2 years and 3 months: 2 + (3/12) = 2 + (.25) = 2.25 6% x 1,000 = $60 per year $60 x 2.25 = $135
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