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Hi there, I need assistance with FIN 200 final, I have not…

Hi there, I need assistance...
Hi there, I need assistance with FIN 200 final, I have not gotten any answers so far so if anyone could help me would be great.Thanks Customer
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7/12/2010
Steve
Steve, MBA
Category: Business and Finance Homework
Satisfied Customers: 25,959
Experience: MBA
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Hi,

What questions do you need help with?

Steve

 

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Customer reply replied 8 years ago
Hi, there some of the questions are multiple choice and others you need to make calculations 48 total

can you please post the questions

 

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Customer reply replied 8 years ago

1) What is the primary goal of financial management?
A.Maximizing shareholder wealth
B.Minimizing risk of the firm
C.Maximizing cash flow
D.Increased earnings
2) Insider trading occurs when
A.someone has information not available to the public which they use to profit from trading in stocks.
B.any stock transactions occur in violation of the Federal Trade Commissions restrictions on monopolies.
C.corporate officers buy stock in their company.
D.lawyers, investment bankers, and others buy common stock in companies represented by their firms.
3) One of the major disadvantages of a sole proprietorship is
A.that there is unlimited liability to th owner.
B.low operating costs.
C.the simplicity of decision making.
D.low organizational costs.
4) The statement of cash flows does NOT include which of the following sections?
A.cash flows from operating activities
B.cash flows from financing activities
C.cash flows from sales activities
D.cash flows from investing activities
5) Which of the following would represent a use of funds and, indirectly, a reduction in cash balances?
A.an increase in inventories
B.the sale of new bonds by the firm
C.a decrease in marketable securities
D.an increase in accounts payable
6) Which account represents the cumulative earnings of the firm since its formation, minus dividends paid?
A.Paid-in capital
B.Accumulated depreciation
C.Common stock
D.Retained earnings
7) The most rigorous test of a firm's ability to pay its short-term obligations is its
A.debt-to-assets ratio.
B.quick ratio.
C.times-interest-earned ratio.
D.current ratio.
8) Which of the following is not considered to be a profitability ratio?
A.return on equity
B.times interest earned
C.return on assets (investment)
D.profit margin
9) In examining the liquidity ratios, the primary emphasis is the firm's
A.ability to pay short-term obligations on time.
B.overall debt position.
C.ability to earn an adequate return.
D.ability to effectively employ its resources.
10) A firm's long term assets = $75,000, total assets = $200,000, inventory = $25,000 and current liabilities = $50,000.
A.current ratio = 1.5; quick ratio = 2.0
B.current ratio = 1.0; quick ratio = 2.0
C.current ratio = 2.5; quick ratio = 2.0
D.current ratio = 0.5; quick ratio = 1.5
11)

Refer to the figure above. The firm's fixed asset turnover ratio is
A.2x.
B.1.5x.
C.0.1x.
D.3.1x.
12)

Refer to the figure above. Megaframe's current ratio is
A.1.9:1
B.1.5:1
C.1.625:1
D.3.2:1
13) In order to estimate production requirements, we
A.add beginning inventory to projected sales in units and subtract desired ending inventory.
B.add beginning inventory to desired ending inventory and divide by two.
C.add projected sales in units to desired ending inventory and subtract beginning inventory.
D.add beginning inventory to desired ending inventory and subtract projected sales in units.
14) In financial statements, the number of units shown in cost of goods sold as compared to the number of the units actually produced
A.is higher.
B.is the same.
C.is lower.
D.can be either higher or lower.
15) The percent-of-sales method of financial forecasting
A.is more detailed than a cash budget approach.
B.assumes that balance sheet accounts maintain a constant relationship to sales.
C.requires more time than a cash budget approach.
D.provides a month-to-month breakdown of data.
16) In developing the pro forma income statement we follow four important steps:
1) compute other expenses,
2) determine a production schedule,
3) establish a sales projection,
4) determine profit by completing the actual pro forma statement.

What is the correct order for these four steps?
A.1,2,3,4
B.2,1,3,4
C.3,2,4,1
D.3,2,1,4
17) A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume FIFO)?
A.$9,000
B.$7,700
C.$8,000
D.$8,100
18) A firm utilizing LIFO inventory accounting would, in calculating gross profits, assume that
A.sales were from current production until current production was depleted, and then use sales from beginning inventory.
B.all sales were from beginning inventory.
C.all sales were for cash.
D.all sales were from current production.
19) The concept of operating leverage involves the use of __________ to magnify returns at high levels of operation.
A.marginal costs
B.variable costs
C.semi-variable costs
D.fixed costs
20) Financial leverage deals with:
A.the entire income statement.
B.the relationship of debt and equity in the capital structure.
C.the entire balance sheet.
D.the relationship of fixed and variable costs.
21) Firms with a high degree of operating leverage are
A.significantly affected by changes in interest rates.
B.usually trading off lower levels of risk for higher profits.
C.trading off higher fixed costs for lower per-unit variable costs.
D.easily capable of surviving large changes in sales volume
22) If TechCor has fixed costs of $80,000, variable costs of $1.20/unit, sales price/unit of $6, and depreciation expense of $25,000, what is their cash breakeven in units?
A.21,875
B.11,458
C.45,833
D.9,167
23) The break-even point can be calculated as
A.variable cost times contribution margin.
B.total costs divided by contribution margin.
C.fixed cost divided by contribution margin.
D.variable costs divided by contribution margin.
24) A firm's break-even point will rise if
A.price per unit rises
B.contribution margins increase
C.variable cost per unit rises
D.fixed costs decrease
25) A conservatively financed firm would
A.use long-term financing for all fixed assets and short-term financing for all other assets.
B.use equity to finance fixed assets, long-term debt to finance permanent assets, and short-term debt to finance fluctuating current assets.
C.use long-term financing for permanent current assets and fixed assets and a portion of the short-term fluctuating assets and use short-term financing for all other short-term assets
D.finance a portion of permanent assets and short-term assets with short-term debt.
26) The theory of the term structure of interest rates which suggests that long-term rates are determined by the average of short-term rates expected over the time that a long-term bond is outstanding is the
A.expectations hypothesis.
B.liquidity premium theory.
C.market average rate theory.
D.segmentation theory.
27) Normally, permanent current assets should be financed by
A.long-term funds.
B.borrowed funds.
C.internally generated funds.
D.short-term funds.
31) How would electronic funds transfer affect the use of "float"?
A.Virtually eliminate its use
B.Decrease its use somewhat
C.Increase its use somewhat
D.Have no effect on its use
32) "Float" takes place because
A.a lag exists between writing a check and clearing it through the banking system.
B.the level of cash on the firm's books is equal to the level of cash in the bank.
C.a firm is early in paying its bills.
D.a customer writes "hot" checks.
33) The difference between the amount of cash on the firm's books and the amount credited to it by the bank is
A.extended disbursement.
B.interest revenue.
C.an overdraft.
D.float.
31) How would electronic funds transfer affect the use of "float"?
A.Virtually eliminate its use
B.Decrease its use somewhat
C.Increase its use somewhat
D.Have no effect on its use
32) "Float" takes place because
A.a lag exists between writing a check and clearing it through the banking system.
B.the level of cash on the firm's books is equal to the level of cash in the bank.
C.a firm is early in paying its bills.
D.a customer writes "hot" checks.
33) The difference between the amount of cash on the firm's books and the amount credited to it by the bank is
A.extended disbursement.
B.interest revenue.
C.an overdraft.
D.float
28) Which of the following combinations of asset structures and financing patterns is likely to create the most volatile earnings?
A.Illiquid assets and heavy short-term borrowing
B.Liquid assets and heavy long-term borrowing
C.Liquid assets and heavy short-term borrowing
D.Illiquid assets and heavy long-term borrowing
29) Which of the following is not a condition under which a prudent manager would accept some risk in financing?
A.Price of inventory is stable
B.Inventory is highly perishable
C.Predictable cash-flow patterns
D.Easy access to capital markets
30) An aggressive working capital policy would have which of following characteristics?
A.A high ratio of short-term debt to long-term sources of funds.
B.A low ratio of short-term debt to fixed assets.
C.A high ratio of long-term debt to fixed assets.
D.A short average collection period.
34) Dun & Bradstreet is known for providing
A.cash management systems to corporate treasurers.
B.credit scoring reports that rank a company's payment habits relative to its peer group.
C.interest rate information to cash managers.
D.consumer credit reports to credit card companies.
35) The most subjective and also significant segment of the 5 C's of credit for giving final approval is
A.character.
B.collateral.
C.capacity.
D.conditions.
36) Which of the following is not a valid quantitative measure for accounts receivable collection policies?
A.average collection period
B.ratio of debt to equity
C.ratio of bad debts to credit sales
D.aging of accounts receivables
37) Which of the following is not a method for lenders to control pledged inventory?
A.Blanket inventory liens
B.Warehousing
C.Factoring
D.Trust receipts
38) Large firms tend to be
A.net users of trade credit.
B.firms with high levels of profitability.
C.firms with low levels of inventory turnover and accounts receivable turnover.
D.net suppliers of trade credit.
39) What is generally the largest source of short-term credit small firms?
A.Bank loans
B.Installment loans
C.Trade credit
D.Commercial paper
40) From the banker's point of view, short-term bank credit is an excellent way of financing
A.fixed assets.
B.repayment of long-term debt.
C.seasonal bulges in inventory and receivables.
D.permanent working capital needs.
41) Which method of controlling pledged inventory provides the greatest degree of security to the lender?
A.Blanket inventory liens
B.Trust receipts
C.Warehousing
D.Overall inventory liens
42) A large manufacturing firm has been selling on a 3/10, net 30 basis. The firm changes its credit terms to 2/20, net 90. What change might be expected on the balance sheets of its customers?
A.Increased payables and decreased bank loans
B.Increased receivables and increased bank loans
C.Decreased receivables and increased bank loans
D.Increased payables and increased bank loans
43) As the interest rate increases, the present value of an amount to be received at the end of a fixed period
A.remains the same
B.decreases
C.increases
D.Not enough information to tell
44) As the discount rate becomes higher and higher, the present value of inflows approaches
A.plus infinity
B.minus infinity
C.0
D.need more information
45) As the compounding rate becomes lower and lower, the future value of inflows approaches
A.infinity
B.the present value of the inflows
C.0
D.need more information
46) Mr. Blochirt is creating a college investment fund for his daughter. He will put in $850 per year for the next 15 years and expects to earn an 8% annual rate of return. How much money will his daughter have when she starts college?
A.$24,003
B.$12,263
C.$11,250
D.$23,079
47) John Doeber borrowed $125,000 to buy a house. His loan cost was 11% and he promised to repay the loan in 15 equal annual payments. How much are the annual payments?
A.$13,113
B.$9,250
C.$3,633
D.$17,383
48) If you were to put $1,000 in the bank at 6% interest each year for the next ten years, which table would you use to find the ending balance in your account?
A.Present value of $1
B.Future value of $1
C.Future value of an annuity of $1
D.Present value of an annuity of $1

Ok when did you need them by?
Ask Your Own Business and Finance Homework Question
Customer reply replied 8 years ago
I have done most of them. I need a list #10-11-12 and 16 .I will be fine if I sure that those are ok.I have 2 more hours to go.

Hi,

 

Here you go:

 

10)

C.current ratio = 2.5; quick ratio = 2.0

 

11)

D.3.1x.

 

12)

A.1.9:1

 

 

16)

D.3,2,1,4

 

Please let me know if you have questions. Please press accept if satisfied.

 

Steve

 



Edited by Stephen, MBA on 7/12/2010 at 3:29 AM EST
Steve
Steve, MBA
Category: Business and Finance Homework
Satisfied Customers: 25,959
Experience: MBA
Verified
Steve and 87 other Business and Finance Homework Specialists are ready to help you
Ask your own question now
Customer reply replied 8 years ago
Thanks I was stuck with those... and I got all the others right by myself so with your help I got 100%.Thanks again

congrats! glad I could help.

 

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