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O @® T FIN--5063-602--OL-FA-202 X @ Question 1- Week 2 Quiz (LC X + <+
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Week 2 Quiz (LO1) (LO2) - 40 points o Saved Help Save & Exit Submit
1 Required information
[The following information applies to the questions displayed below.]
Oscar's Incredible Eatery ($ thousands)
BEStADnS Income Statement for the year ending December 31, 2021
- Net sales 17,300
Cost of goods sold 10,600
Depreciation 3,250
Earnings before interest and taxes 3,450
Interest expense 680
Earnings before tax 2,770
Tax 940
Earnings after tax 1,830
Dividends 450
Oscar's Incredible Eatery ($ thousands)
Balance Sheet as of December 31, 2021
Cash 350 Accounts payable 1,920
Accounts receivable 940 Long-term debt 3,500
Inventory 2,360 Common stock 7,500
Total current assets 3,650 Retained earnings 1,580
Net fixed assets 10,850
Total assets 14,500 Total liability & equity 14,500
Please refer to Oscar’s financial statements above. What was Oscar’s increase in retained earnings during 2021?
Multiple Choice
$450
O
SmmER
$1,380
$1,830
ONC
$2,280
None of the options are correct.
O
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O @® T FIN--5063-602--OL-FA-202 X @ Question 2 - Week 2 Quiz (LC X or <+
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Week 2 Quiz (LO1) (LO2) - 40 points o Saved Help Save & Exit Submit
2 Required information
[The following information applies to the questions displayed below.]
Oscar's Incredible Eatery ($ thousands)
RegE2i0ls Income Statement for the year ending December 31, 2021
— Net sales 17,300
Cost of goods sold 10,600
Depreciation 3,250
Earnings before interest and taxes 3,450
Interest expense 680
Earnings before tax 2,770
Tax 940
Earnings after tax 1,830
Dividends 450
Oscar's Incredible Eatery ($ thousands)
Balance Sheet as of December 31, 2021
Cash 350 Accounts payable 1,920
Accounts receivable 940 Long-term debt 3,500
Inventory 2,360 Common stock 7,500
Total current assets 3,650 Retained earnings 1,580
Net fixed assets 10,850
Total assets 14,500 Total liability & equity 14,500
Please refer to Oscar’s financial statements above. Sales are projected to increase by 3% next year. The profit margin and the dividend payout ratio are projected to remain constant. What is the projected addition to retained earnings for next year?
Multiple Choice
$1,30919
O
SmmER
$1,421.40
$1,884.90
ONC
$2,66778
$3,001.40
O
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[ ] @® T© FIN--5063-602--OL-FA-202 X @ Question 3 - Week 2 Quiz (LC X or <+
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Week 2 Quiz (LO1) (LO2) - 40 points o Saved Help Save & Exit Submit
; Required information
[The following information applies to the questions displayed below.]
Oscar's Incredible Eatery ($ thousands)
Part3of5
Income Statement for the year ending December 31, 2021
- Net sales 17,300
Cost of goods sold 10,600
Depreciation 3,250
Earnings before interest and taxes 3,450
Interest expense 680
Earnings before tax 2,770
Tax 940
Earnings after tax 1,830
Dividends 450
Oscar's Incredible Eatery ($ thousands)
Balance Sheet as of December 31, 2021
Cash 350 Accounts payable
Accounts receivable 940 Long-term debt
Inventory 2,360 Common stock
Total current assets 3,650 Retained earnings
Net fixed assets 10,850
Total assets 14,500 Total liability & equity
lease refer to Oscar’s financial statements above. All of Oscar’s costs and current asset accounts vary directly with sales. Sales are projected to increase by 10% next year. What is the pro forma accounts receivable balance for next year?
Multiple Choice
O @® T FIN--5063-602--OL-FA-202 X @ Question 1- Week 2 Quiz (LC X + <+
& > C % ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08&launchUrl=https%253A%252F%252Fconnect.mhedu... & ¥ ¢ B O b d O O (3 (=]
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Week 2 Quiz (LO1) (LO2) - 40 points o Saved Help Save & Exit Submit
1 Required information
[The following information applies to the questions displayed below.]
Oscar's Incredible Eatery ($ thousands)
BEStADnS Income Statement for the year ending December 31, 2021
- Net sales 17,300
Cost of goods sold 10,600
Depreciation 3,250
Earnings before interest and taxes 3,450
Interest expense 680
Earnings before tax 2,770
Tax 940
Earnings after tax 1,830
Dividends 450
Oscar's Incredible Eatery ($ thousands)
Balance Sheet as of December 31, 2021
Cash 350 Accounts payable 1,920
Accounts receivable 940 Long-term debt 3,500
Inventory 2,360 Common stock 7,500
Total current assets 3,650 Retained earnings 1,580
Net fixed assets 10,850
Total assets 14,500 Total liability & equity 14,500
Please refer to Oscar’s financial statements above. What was Oscar’s increase in retained earnings during 2021?
Multiple Choice
$450
O
SmmER
$1,380
$1,830
ONC
$2,280
None of the options are correct.
O
@
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O @® T FIN--5063-602--OL-FA-202 X @ Question 2 - Week 2 Quiz (LC X or <+
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# movie T Home | Trine|Moo.. M Miro & Title 24 Nonreside... ~ wx Wix Website Edito... E BIM objects - Free... @ 2D:3D Collection |... @ APA Formatting an... HEEB
KRS Trine U.. . Funnel Convert »
Week 2 Quiz (LO1) (LO2) - 40 points o Saved Help Save & Exit Submit
2 Required information
[The following information applies to the questions displayed below.]
Oscar's Incredible Eatery ($ thousands)
RegE2i0ls Income Statement for the year ending December 31, 2021
— Net sales 17,300
Cost of goods sold 10,600
Depreciation 3,250
Earnings before interest and taxes 3,450
Interest expense 680
Earnings before tax 2,770
Tax 940
Earnings after tax 1,830
Dividends 450
Oscar's Incredible Eatery ($ thousands)
Balance Sheet as of December 31, 2021
Cash 350 Accounts payable 1,920
Accounts receivable 940 Long-term debt 3,500
Inventory 2,360 Common stock 7,500
Total current assets 3,650 Retained earnings 1,580
Net fixed assets 10,850
Total assets 14,500 Total liability & equity 14,500
Please refer to Oscar’s financial statements above. Sales are projected to increase by 3% next year. The profit margin and the dividend payout ratio are projected to remain constant. What is the projected addition to retained earnings for next year?
Multiple Choice
$1,30919
O
SmmER
$1,421.40
$1,884.90
ONC
$2,66778
$3,001.40
O
,—
[ ] @® T© FIN--5063-602--OL-FA-202 X @ Question 3 - Week 2 Quiz (LC X or <+
& > C % ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08&launchUrl=https%253A%252F%252Fconnect.mhedu... & ¥ ¢ B O b d O O (3 (=]
# movie T Home | Trine|Moo.. M Miro & Title 24 Nonreside... ~ wx Wix Website Edito... E BIM objects - Free... @ 2D:3D Collection |... @ APA Formatting an... HEEB
KRS Trine U.. . Funnel Convert »
Week 2 Quiz (LO1) (LO2) - 40 points o Saved Help Save & Exit Submit
; Required information
[The following information applies to the questions displayed below.]
Oscar's Incredible Eatery ($ thousands)
Part3of5
Income Statement for the year ending December 31, 2021
- Net sales 17,300
Cost of goods sold 10,600
Depreciation 3,250
Earnings before interest and taxes 3,450
Interest expense 680
Earnings before tax 2,770
Tax 940
Earnings after tax 1,830
Dividends 450
Oscar's Incredible Eatery ($ thousands)
Balance Sheet as of December 31, 2021
Cash 350 Accounts payable
Accounts receivable 940 Long-term debt
Inventory 2,360 Common stock
Total current assets 3,650 Retained earnings
Net fixed assets 10,850
Total assets 14,500 Total liability & equity
lease refer to Oscar’s financial statements above. All of Oscar’s costs and current asset accounts vary directly with sales. Sales are projected to increase by 10% next year. What is the pro forma accounts receivable balance for next year?
Multiple Choice
