<< Review Test Submission: Quiz 7 >>

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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:
   

 

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