<< FIN 100 Quiz 7 Week 9-Strayer >>

Course Prin Of Finance

Test Quiz 7

Question 1

 
 For a given accounting period, which of the following is likely to represent primarily variable costs?
   
 Question 2

 
 The depreciation method currently used for tax purposes today is called the:
   
 Question 3

 
 The average tax rate on a corporation with $75,000 in income and a tax liability of $15,000 is:
   
 Question 4

 
 The financial statement that provides a snapshot view of the financial condition of a business at a point in time is the:
   
 Question 5

 
 Of the following forms of business organization, which have the advantage of limited liability but no stockholders?
   
 Question 6

 
 The U.S. federal government body that regulates the sale and listing of securities on U.S. financial markets is the:
   
 Question 7

 
 On the balance sheet, total assets minus net fixed assets equals:
   
 Question 8

 
 Of the following forms of business organization, which have stockholders with limited liability?
 Question 9

 
 Current liabilities would not include:
 Question 10

 
 The accrued liabilities of a firm are:
   
 Question 11

 
 If a firm's sale price per unit decreases, the firm's operating breakeven point will
   
 Question 12

 
 The method of evaluating the firm’s performance over time is known as:
 Question 13

 
 _____________ costs are a function of time (not sales) and are generally contractual.
 Question 14

 
 Ratios used to compare different firms at the same point in time belong to a category of analysis called:
   
 Question 15

 
 _____________ costs are a function of quantity sold, not time.
   
 Question 16

 
 The extent to which assets are financed by borrowed funds and other liabilities is indicated by:
   
 Question 17

 
 The equity multiplier is calculated as:
   
 Question 18

 
 Which one of the following ratios indicates the average number of days that sales are outstanding?
   
 Question 19

 
 The price/earnings ratio (P/E) is calculated as:
   
 Question 20

 
 The extent to which assets are used to support sales is indicated by which of the following ratios: