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NEW QUESTION 39
In determining free cash flows, how is the change in net working capital calculated?

• A. Current Assets (previous year) - Current Assets (year projected)
• B. Receivables minus Payables (year projected) - Receivables minus Payables (previous year)
• C. Current Assets minus Current Liabilities (year projected) - Current Assets minus Current Liabilities (previous year)
• D. Ending balance of cash (previous year) - Ending balance of cash (year projected)

Answer: C

NEW QUESTION 40
A manager learns that the government is planning to add an excise tax on the product the company sells. After researching, the manager expects that total expenditures for the good will rise. Of the following goods, which does the company MOST likely sell?

• A. Leather handbags
• B. Raspberries
• C. Milk
• D. Ice cream

Answer: C

NEW QUESTION 41
For a standard normal distribution (=0, =1), the area under the curve to the left of 0.37 is 0.6443. What is the probability of getting a value less than -0.37 or greater than 0.37?

• A. 28.86%
• B. 71.14%
• C. 64.43%
• D. 35.57%

Answer: B

NEW QUESTION 42
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