BFIN 300 Midterm Review Questions With
Solutions
3) Which of the following forms of business organization is subject to double taxation?
A. Corporation
B. Partnership
C. Limited Partnership
D. Sole Proprietorship Corporation
4) Control of a firm ultimately rests with. . .
A. The CEO
B. Th...
3) Which of the following forms of business organization is subject to double taxation?
A. Corporation
B. Partnership
C. Limited Partnership
D. Sole Proprietorship Corporation
4) Control of a firm ultimately rests with. . .
A. The CEO
B. The SEC
C. The Stockholders
D. The Founder The Stockholders
5) Which of the following should a financial manager take into account when considering an
opportunity?
A. How much cash they expect to receive
B. When will they receive the funds
C. How likely they are to receive the funds
, BFIN 300 Midterm Review Questions With
Solutions
D. All of the above All of the above
1) ABC Corporation has current assets of $5,200, fixed assets of $26,000, current liabilities of
$4,900, and
long-term debt of $15,000. What is the ABC Corporation's total equity? What is the NWC of
ABC
Corporation?
A. Total Equity $11,000, NWC $11, 300
B. Total Equity $11,300, NWC $300
C. Total Equity $11,000, NWC $300
D. Total Equity 11,300, NWC $11,000 Total Equity $11,300, NWC $300
2) XYZ Corporation's balance sheet of 2019 showed net fixed assets of $1.56million, and the
2020 balance
sheet showed net fixed assets of $1.78 million. The company's 2020 income statement showed a
depreciation expense of $140,000. What was the company's net capital spending for 2020?
A. $80,000
B. $360,000
, BFIN 300 Midterm Review Questions With
Solutions
C. $220,000
D. $140,000 $360,000
3) Which one of the following is the financial statement which shows the accounting value of a
firm's equity
as of a particular date?
A. Income statement
B. Creditor statement
C. Balance sheet
D. Statement of cash flows
E. Dividend statement Balance sheet
1) Which is a financial leverage ratio?
A. Current ratio
B. Profit margin
C. Price to book value
D. Debt to equity
E. Inventory turnover Debt to Equity
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