Financial management project- balance sheet, I need an American accounting expert

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Exam Results

Financial Management

Exam Number

 

081773RR

Grade

 

70

Date Graded

 

09/21/17 *

* If your first attempt was below passing you will need to complete your retake or wait 30 days to see the correct responses. Correct exam answers will be made available to you when your lesson grade is finalized.

 

Question Number

Your Answer

Answer

Reference

 

1.

D

Correct

 

2.

C

Correct

 

3.

A

Correct

 

4.

B

C

Section 1.5

 

5.

D

C

Section 1.3

 

6.

D

Correct

 

7.

A

Correct

 

8.

D

Correct

 

9.

D

Correct

 

10.

B

C

Section 1.1

 

11.

C

Correct

 

12.

B

Correct

 

13.

A

Correct

 

14.

C

A

Section 1.3

 

15.

B

Correct

 

16.

A

Correct

 

17.

C

D

Section 19.2

 

18.

B

D

Section 1.4

 

19.

D

Correct

 

20.

C

Correct

Questions Answered Incorrectly

4.   Which of the following is not one of the basic approaches used in monitoring company managers to minimize the impact of the agency problem?

 A. Make the managers owners

 B. Ignore it if the amount of money involved is negligible

 C. Appoint an ethics specialist to the board of directors

 D. Monitor managers' actions

Student Answer: B  

Answer: Incorrect

Reference: Section 1.5

5.   What type of business organization would give your investors limited liability but you, as the owner and operator, unlimited liability?

 A. Limited liability corporation (LLC)

 B. Corporation

 C. Limited partnership (LP)

 D. General partnership

Student Answer: D  

Answer: Incorrect

Reference: Section 1.3

10.   Helping money flow from individuals who want to improve their financial future to businesses that want to expand the scale or scope of their operations relies on the successful application of

 A. economies of scale.

 B. financial management.

 C. financial theories.

 D. the time value of money (TVM).

Student Answer: B  

Answer: Incorrect

Reference: Section 1.1

14.   A business structure designed to pass through income and avoid the double taxation associated with corporations while still offering limited liability is known as a

 A. hybrid organization.

 B. partnership.

 C. corporation.

 D. sole proprietorship.

Student Answer: C  

Answer: Incorrect

Reference: Section 1.3

17.   Using the table below for spot and forward exchange rates, what should the six-month forward rate be for the Swiss franc if U.S. six-month interest rates are 0.22 percent and Swiss six-month rates are 0.18 percent? https://my.pennfoster.com/exams/images/081773_08.png

 A. 1.0723

 B. 0.9784

 C. 1.0842

 D. 1.0743

Student Answer: C  

Answer: Incorrect

Reference: Section 19.2

18.   Which of the following best explains why minimizing costs has potentially serious shortcomings as a means of maximizing owners' equity?

 A. Minimizing costs allows for the payment of larger dividends to company owners.

 B. It's difficult to maximize market share without increasing spending.

 C. Spending lavishly can impress potential customers.

 D. Without spending money on R&D to improve its products, a firm won't survive long in the constantly evolving economy.

Student Answer: B  

Answer: Incorrect

Reference: Section 1.4