Question 26
The retained earnings of Tink Company increased $227,500 last year and its assets increased $307,500. Tink declared a $51,500 cash dividend during the year. What was last year's net income?
Question 26: The retained earnings of Tink Company increased \227,500…
Show answer
Correct answer: 279000
Question 26 of 40 in the IIT Madras BS Financial Forensics (Financial Forensics) End Term paper sat on 21 Dec 2025, in the September 2025 term (Financial Forensics 18 Dec 25). It carries 1 mark.
More questions from this paper
- Which of the following is a characteristic of a stationary time series?
- A firm has net working capital of ₹ 580, net fixed assets of ₹ 2,326, sales of ₹ 6,900, and current liabilities of ₹ 89…
- What is the relationship between the IRR and the cost of capital?
- What is the Roll Forward rate for 0-29 DPD after 18 MOB?
- What is the Capture Rate of applications having score greater than 384?
- What is the Capture Rate of Bads at top 5%?
- What is the Capture Rate of applications having score greater than 125?
- What is the Roll Back rate for 150+ DPD after 18 MOB?
- Secure Credit Union, one of the major lending banks, has hired you to build a credit underwriting model to help their a…
- Which of the following is not used on approved applications?
- Which of the following is the last step in credit lifecycle?
- Which of the following is the first step in credit lifecycle?
- What is the Roll Forward rate for 120-149 DPD after 18 MOB?
- The Bankruptcy Bank, one of the major lending banks, has hired you to build a credit underwriting model to help their a…
- Stemming is faster than Lemmatization
- Which of the following is not a text preprocessing technique?
- Given the sentence: "Customer sign-up rates have increased by 25% in the last quarter." Output: ['customer', 'sign', 'u…
- Which of the following is used to decide target variable definition?
- In a credit risk scenario, if a model has high recall but low precision, it implies that:
- If a model predicts the negative class for all observations in a binary classification problem with both positive and n…
- Which scenario is likely to occur if a credit risk model is optimized solely for high recall?
- Which of the following can be a consequence of not using reject inferencing in models dealing with credit applications?
- Which of the following correctly describes the impact of collecting cash from customers for services to be provided in …
- On April 1, 2024, the premium on a one-year insurance policy was purchased for \$2,700 cash with the insurance coverage…
- Income taxes incurred but not yet paid at the end of the accounting period are examples of accrued expenses.
- Which of the following best explains the difference between local and global explainability in machine learning models?
- In SHAP (SHapley Additive exPlanations) analysis, what is the base value?
- According to Shapley value theory, which of the following is a desirable property that SHAP explanations satisfy?
- From the waterfall plot shown below, identify the model's base value and final prediction: Figure 1: SHAP Waterfall Plot
- Which of the following scenarios is best suited for using global explainability rather than local explainability?
- A real estate developer offers an investment plan where buyers pay ₹15,00,000 upfront to own a property. The developer …
- ABC Corporation operates in a volatile industry and has an equity beta (levered beta) of 2.2. Currently, the company is…
- Two mutually exclusive projects have 3-year lives and a required rate of return of 10.5 percent. Project A costs ₹75,00…
- Foremost Inc. has a net income of ₹ 29,600, a total asset turnover of 1.4, total assets of ₹ 3,18,600, and a debt-equit…
- XYZ bank is interested in lending loans to companies and earn interest income from it. But at the same time they also w…
- Stock A has an expected return of 12 percent and a variance of 0.0203. The market has an expected return of 11 percent …
- The return on equity ratio is closest to:
- Which of the following statements are True about Isolation Forest
- A fintech company has a ML system that identifies transaction frauds that occur in its system. The model currently has …