FIN 3403 Business Finance Quiz 1 Results complete update University of
Central Florida
Score for this attempt: 19 out of 20 Submitted
Sep 17 at 11:44pm
This attempt took 9 minutes.
pts
Question 1
Last year, your company had sales of $3.6 million, cost of goods sold of $2.3 million and
operating expenses amounting to $840,000. The firm had $114,000 in depreciation
expense. In addition, the firm paid 8% interest on $625,000 in bonds, received $30,000
in dividend income, and sold property for a $10,000 capital loss. What was the firm's tax
payment?
Correct!
$65,310
pts
Question 2
Given an anticipated inflation premium of 1.25% and a nominal rate of interest of 5.05%,
what is the real interest rate? Round your answer to 4 decimal places.
3.75%
Correct!
pts
Question 3
, Given an anticipated inflation premium of 1.40% and a real rate of interest of 4.14%, what is the nominal
interest rate? Round your answer to 4 decimal places.
Central Florida
Score for this attempt: 19 out of 20 Submitted
Sep 17 at 11:44pm
This attempt took 9 minutes.
pts
Question 1
Last year, your company had sales of $3.6 million, cost of goods sold of $2.3 million and
operating expenses amounting to $840,000. The firm had $114,000 in depreciation
expense. In addition, the firm paid 8% interest on $625,000 in bonds, received $30,000
in dividend income, and sold property for a $10,000 capital loss. What was the firm's tax
payment?
Correct!
$65,310
pts
Question 2
Given an anticipated inflation premium of 1.25% and a nominal rate of interest of 5.05%,
what is the real interest rate? Round your answer to 4 decimal places.
3.75%
Correct!
pts
Question 3
, Given an anticipated inflation premium of 1.40% and a real rate of interest of 4.14%, what is the nominal
interest rate? Round your answer to 4 decimal places.
