Finance

Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!

acid-test ratio

Current Assets - Stock / Current Liabilities

$230200/$1110000 = .207 or 20.7 %

If a firm pays $230,200 in taxes on $1,110,00 in income that firm's average tax rate is

ordinary income

Income that is earned through the sale of a firm's goods and/or services is known as __________.

net income

What type of income may be distributed to the company's owners or reinvested in the company?

an attractive takeover candidate

When a firm has agency problems, the stock price is often depressed, which makes the firm:

fees of outside auditors

Which of the following is an example of agency cost? a) fees of outside auditors b) labor costs c) sales commission d) raw materials

accounts payable

Which of the following is considered a current liability? a) accts payable b) retained earnings c) long-term debt d) inventories

making financial decisions

Which of the following is one of the primary functions of the financial manager?

The market price of a share of stock is determined by:

investors buying and selling the stock

working capital management

one of the primary tasks of a financial manager is to manage short-term cash needs, which is known as:

maximize shareholder wealth

primary goal of a financial manager

previous years earnings less dividends

retained earnings the sum of

finance

science and art of managing money is known as _____________________.

corporate governance

set of rules, processes, and laws that dictate how firm is controlled, operated, and regulated

financial leverage multiplier

the key ratio linking ROA and ROE in the modified DuPont formula is

maximize shareholder wealth

the primary goal of financial manager is to

controller

A firm's chief accountant that is responsible for all accounting activities is known as the __________.

corporation

A _____ is a form of business organization that is separate legal entity from its owners and has limited liability

statement of stockholders' equity

The 3 main financial statements are the balance sheet, the income statement, and statement of cash flows. However, there is a 4th financial statement know as the:

foreign exchange manager

The manager responsible for monitoring and managing the firm's exposure to loss from currency fluctuations is the:

investors buying and selling stock

The market share of a stock is determined by

capital budgeting

The process of evaluating long-term investment opportunities for the firm, and then determining which ones the firm should invest in is known as:

.74

XYZ corporation has total debt of $255 million and total assets of $600 million. What is XYZ's debt-to-equity ratio ?

unlimited liability

a disadvantage of a partnership is :

20

a firm with an average age of inventory of 18.25 days has an inventory turnover of

credit sales that have not been collected

accounts receivable are: a) credit sales that have not been collected b) credit lines that have been approved but not used c) credit extended to the firm by another companu d) credit that has not been extended yet


Kaugnay na mga set ng pag-aaral

Frankenstein Chapters 6-10 Questions

View Set

Chapter 8 test questions mgmt 343

View Set

Adaptive Quizzing Chapter 45 Nutrition and the nursing process

View Set

Effective Supervisory Practices; 5th Edition

View Set

MICROBIOLOGY CHAPTER 3: BACTERIAL CELL STRUCTURE

View Set

Chapter 27 Business Cycles, Unemployment, and Inflation

View Set

World Geography: Unit 6 - North Africa, Southwest Asia, and Central Asia

View Set