<< Review Test Submission: Quiz 7 >>
truecolors
Review Test Submission: Quiz 7
Course Prin Of Finance
• Question 1
The depreciation method currently used for tax purposes today is called the:
• Question 2
Current liabilities would not include:
• Question 3
On the income statement, net profit after tax is defined as:
• Question 4
What would be recorded in the common stock account on the balance sheet if 20,000 shares are issued at a par value of $2 and the market value is $5?
• Question 5
The goal of a business should be:
• Question 6
The term ___________ conveys a relationship of equality between the assets of the business and the sources of funds for their acquisition.
• Question 7
The actual disbursement of cash is recorded in which of the following financial statements?
• Question 8
Of the following forms of business organization, which have the advantage of limited liability but no stockholders?
• Question 9
The average tax rate on a corporation with $75,000 in income and a tax liability of $15,000 is:
• Question 10
Which of the following business organizations limit the liability of some or all of their owners to the extent of their investment in the company?
• Question 11
The equity multiplier is calculated as:
• Question 12
Cost-volume-profit analysis can be used to estimate the firm’s operating profits at different levels of:
• Question 13
The ability of a firm to meet its short-term debt obligations as they come due is indicated by which of the following ratios:
• Question 14
Which one of the following types of ratios indicates the ability to meet short-term obligations to creditors as they come due?
• Question 15
Which one of the following financial statements reports a firm’s assets and the claims on assets?
• Question 16
The _______________ ratio is computed as earnings before interest and taxes divided by interest expense:
• Question 17
Which group of ratios might be most interesting to potential creditors of a firm?
• Question 18
If a firm's variable cost per unit increases, the firm's operating breakeven point will
• Question 19
A firm’s sales forecast is usually based on
• Question 20
The extent to which assets are financed by borrowed funds and other liabilities is indicated by:
- 9 years ago
Purchase the answer to view it
- fin_100_quiz_7-strayer.docx