In a Wildly Successful First Year in Business That Started

question 51

Multiple Choice

In a wildly successful first year in business that started and ended with no required cash, your firm has operating income of $989,000, net income of $637,000, current assets of $900,000, and current liabilities of $659,000. Net capital expenditures were $690,000, and depreciation was $460,000. The firm has never financed itself with debt. What is your equity valuation cash flow?

• A)$48,000
• B)$166,000
• C)$218,000
• D)$466,000

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Definitions:

Modular System

A design approach that uses standardized units or dimensions for easy assembly, flexibility, and variety in use, commonly found in architecture, furniture, and technology.

Abbey Church

A church that is or was part of an abbey complex, typically serving as the primary place of worship for monks or nuns.

Three-Aisled Basilica

A type of church building with three parallel aisles separated by columns or piers, often used in Romanesque and Gothic architecture.

Early Christian Prototypes

The initial forms and models of Christian art and architecture developed in the early centuries of Christianity.