1. Computational Methods for Financial Applications SCC 2301 Frederick H. Willeboordse phyfhw@nus.edu.sg

2. Quiz 1 In Lecture 1, we discussed the income statement Quiz 1 What is Golden Dragon’s Cost of Sales? ?

3. Quiz 1 - Answer In Lecture 1, we discussed the income statement Quiz 1 - answer What is Golden Dragon’s Cost of Sales? Answer: $6,000.-

4. Quiz 2 In Lecture 2, we discussed the balance sheet Quiz 2 1)True or false: Owners Equity is an asset. 2)I set up a (wholly owned) company with $20,000 in cash. Since then, I made a profit of $562 and paid out $400 in dividends. What are the retained earnings? ?

5. Quiz 2 - answer In Lecture 2, we discussed the balance sheet Quiz 2 - answer 1)True or false: Owners Equity is an asset. False. 2)I set up a (wholly owned) company with $20,000 in cash. Since then, I made a profit of $562 and paid out $400 in dividends. What are the retained earnings? $162.- ?

6. Quiz 3 In Lecture 3, we discussed the Cash Flow Statement Quiz 3 1)True or False: Dividends do not appear on the Income Statement and hence not on the Cash Flow Statement either. 2)Is it possible to find the Net Cash Flow (which is the sum of the cash flows in the Cash Flow Statement) from the Balance Sheet(s) of a company. ?

7. Quiz 3 - answer In Lecture 3, we discussed the Cash Flow Statement Quiz 3 - answer 1)True or False: Dividends do not appear on the Income Statement and hence not on the Cash Flow Statement either. FALSE 2)Is it possible to find the Net Cash Flow (which is the sum of the cash flows in the Cash Flow Statement) from the Balance Sheet(s) of a company. YES

8. Quiz 4 In Lecture 4, we discussed the Cash Budget Quiz 4 1)True or False: Dividends are not part of the ‘normal’ operational costs of a company and hence do not appear in the Cash Budget. 2)True of False: The Cash Budget predicts the future cash needs with absolute certainty. ?

9. Quiz 4 In Lecture 4, we discussed the Cash Budget Quiz 4 1)True or False: Dividends are not part of the ‘normal’ operational costs of a company and hence do not appear in the Cash Budget. FALSE 2)True of False: The Cash Budget predicts the future cash needs with absolute certainty. FALSE ?

10. Quiz 5 In Lecture 5, we discussed the Cash Budget Quiz 5 1)True or False: When sales increase, fixed costs rise as quickly as variable costs. 2)What is the net income of a company when it breaks even? ?

11. Quiz 5 In Lecture 5, we discussed the Cash Budget Quiz 5 1)True or False: When sales increase, fixed costs rise as quickly as variable costs. FALSE 2)What is the net income of a company when it breaks even? $0.- ?