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8) The __________ is useful in evaluating credit and collection policies.
A) average payment period
B) average collection period
C) current asset turnover
D) current ratio
9) All of the following are financing cash flows EXCEPT
A) repurchasing stock.
B) increasing debt.
C) payment of stock dividends.
D) sale of stock.
10) A firm issued 10,000 shares of no par value common stock, receiving proceeds of $40 per share. The accounting entry is
A) $0 in the paid-in capital in excess of par account.
B) $400,000 in the common stock account.
C) $0 in the common stock account.
D) $400,000 in the paid-in capital in excess of par account.
11) The key variables in the owner wealth maximization process are
A) cash flows and risk.
B) profits and risk.
C) earnings per share and share price.
D) earnings per share and risk.