FIN 571 FIN571 Week 1 WileyPlus Quiz
FIN 571 Wileyplus Week 1 Quiz
BIS/571 FIN 571 FIN571 Finance for Managers
University of Phoenix
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Which of the following business organizational forms subjects the owner(s) to unlimited liability?
[removed] | a) sole proprietorship |
[removed] | b) partnership |
[removed] | c) corporation |
[removed] | d) a and b |
Which of the following business organizational forms is easiest to raise capital?
[removed] | a) sole proprietorship |
[removed] | b) partnership |
[removed] | c) corporation |
[removed] | d) a and b |
Which organizational form best enables the owners of the firm to monitor the actions of other owners of the same firm?
[removed] | partnership |
[removed] | public corporation |
[removed] | sole proprietorship |
[removed] | private corporation |
Which of the following factors or activities can be controlled by the management of the firm?
[removed] | Stock market conditions. |
[removed] | Capital budgeting. |
[removed] | The level of economic activity. |
[removed] | The level of interest rates. |
The legal system and market forces impose substantial costs on individuals and institutions that engage in unethical behavior. Which of the following would not be an example of the above?
[removed] | Financial losses. |
[removed] | Agency conflicts. |
[removed] | Legal fines. |
[removed] | Jail time. |
The most common reason that corporate firms use the futures and options markets is
[removed] | none of these. |
[removed] | to hedge risk. |
[removed] | to take risk. |
[removed] | to make deposits. |
Galan Associates prepared its financial statement for 2008 based on the information given here. The company had cash worth $1,234, inventory worth $13,480, and accounts receivables of $7,789. The company's net fixed assets are $42,331, and other assets are $1,822. It had accounts payables of $9,558, notes payables of $2,756, common stock of $22,000, and retained earnings of $14,008. How much long-term debt does the firm have?
[removed] | $54,342 |
[removed] | $76,342 |
[removed] | $12,314 |
[removed] | $18,334 |
Tre-Bien Bakeries generated net income of $233,412 this year. At year end, the company had accounts receivables of $47,199, inventory of $63,781, and cash of $21,461. It also had accounts payables of $51,369, short-term notes payables of $11,417, and accrued taxes of $6,145. The net working capital of the firm is
[removed] | $63,510 |
[removed] | $68,931 |
[removed] | none of these |
[removed] | $69,655 |
Which of the following best represents cash flows to investors?
[removed] | Earnings before interest and taxes times 1 minus the firm’s tax rate. |
[removed] | Net income, minus dividends paid to preferred stockholders. |
[removed] | Cash flow from operating activity, minus cash flow invested in net working capital, minus cash flow invested in long-term assets. |
[removed] | Cash flow from operating activity, plus cash flow generated from net working capital. |
12 years ago
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