• 100% Satisfaction Guarantee

Kara T, Tutor
Category: Homework
Satisfied Customers: 353
Experience:  Expert homework tutor since 2003! Penn Foster exams, Social Sciences, Economics, Grammar
16138652
Kara T is online now

1. The goal of the firm should be a. Maximization of profits

Resolved Question:

1. The goal of the firm should be:
a.Maximization of profits
b.Maximization of shareholder wealth
c.Maximization of consumer satisfaction
d.Maximization of sales

2.A firm that wants to know if it has enough cash to meet its bills would be most likely to use which kind of ratio?
a. Liquidity
b. Leverage
c. Efficiency
d. Profitability

3.Kingsbury Associates has current assets as follows:
Cash\$3,000
Accounts receivable\$4,500
Inventories\$8,000
If Kingsbury has a current ratio of 3.2, what is its quick ratio?
a. 2.07
b. 1.55
c. 0.48
d. 0.96

4.An example of liquidity ratio is the:
a. quick ratio.
b. debt ratio.
c. times-interest-earned.
d. return on assets.

5.The money market is usually thought of as dealing with long-term debt instruments issued by firms with excellent credit ratings.
a. True
b. False

6.If you put \$600 in a savings account that yields an 8% rate of interest compounded weekly, what will the investment be worth in 37 weeks (round to the nearest dollar)?
a.\$648
b.\$635
c.\$674
d.\$645

7.Dawn Swift discovered that 20 years ago, the average tuition for one year at an Ivy League school was \$4,500. Today, the average cost is \$29,000. What is the growth rate in tuition cost over this 20-year period? Round off to the nearest 0.1%.
a.15.5%
b.4.2%
c.9.8%
d.10.6%

8.If you want to have \$90 in four years, how much money must you put in a savings account today? Assume that the savings account pays 8.5% and it is compounded monthly (round to the nearest \$1).
a.\$60
b.\$65
c.\$66
d.\$71

9.If the NPV of a project is positive, then the project's IRR ____________ the required rate of return.
a.must be less than
b.must be greater than
c.could be greater or less than
d.cannot be determined without actual cash flows

10.Assume that a Toyota sold for 1,476,000 yen in 1985. If the price for this automobile was \$8,200 in 1985, and the car still sells for the same amount of yen today, but the current exchange rate is 136 yen per dollar, what is the car selling for today in U.S. dollars?
a.\$ 9,367
b.\$10,853
c.\$11,192
d.\$12,062
e.\$13,525
Submitted: 5 years ago.
Category: Homework
Expert:  Kara T replied 5 years ago.
Hi master bg! Welcome back to JustAnswer.

The correct choice is B - maximize shareholder wealth. (This emphasizes long-term wealth creation, whereas maximizing profits in the short-run can sometimes in fact have negative consequences for long-term maximization of wealth.)
Customer: replied 5 years ago.
Expert:  Kara T replied 5 years ago.
You can view this answer by clicking here to Register or Login and paying \$3.
Kara T, Tutor
Category: Homework
Satisfied Customers: 353
Experience: Expert homework tutor since 2003! Penn Foster exams, Social Sciences, Economics, Grammar
Customer: replied 5 years ago.
Thank you so much for your quick response. That was one of the fastest responses I have ever received. Once gain, Thank you!!!
Expert:  Kara T replied 5 years ago.
You're welcome! It was a pleasure. Thanks for using JA!

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

• Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
• Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
• This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
• Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
• I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
• Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
• Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
• He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX

• Manal Elkhoshkhany

Satisfied Customers:

4522
More than 5000 online tutoring sessions.
< Last | Next >

Manal Elkhoshkhany

Satisfied Customers:

4522
More than 5000 online tutoring sessions.

LogicPro

Satisfied Customers:

3458
Expert in Java C++ C C# VB Javascript Design SQL HTML

Linda_us

Satisfied Customers:

3124
Post Graduate Diploma in Management (MBA)

Chris M.

Satisfied Customers:

2385
Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)

F. Naz

Satisfied Customers:

1988
Experience with chartered accountancy

Bizhelp

Satisfied Customers:

1876
Bachelors Degree and CPA with Accounting work experience

Seanna

Satisfied Customers:

1781
3,000+ satisfied customers, all topics, A+ work

Chat Now With A Tutor
Kara T
325 Satisfied Customers
Expert homework tutor since 2003! Penn Foster exams, Social Sciences, Economics, Grammar