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Finance Final Exam COB 300 JMU Questions and Answers
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Finance Final Exam COB 300 JMU Questions and Answers
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Finance Final Exam COB 300 JMUQuestions and Answers
The Primary goal of financial management is to maximize? - Answers -The market
value of owners equity
Characteristics of a corporation? Owner liability and control? - Answers -Owner has
limited liability and owner has no operating control
Which one has double taxation? - Answers -C-corp
Dividends are determined by? - Answers -Corporations board of directors
Investors capital is best characterized as? - Answers -The sum of the market value of
debt and market value of equity
The rate of tax on the next dollar earned is? - Answers -marginal tax rate
How to calculate tax on sale: - Answers -Price sold for - Book value = Gain * Marginal
tax rate = Tax on sale
The Cash Conversion Cycle - Answers -Days sale outstanding + days in inventory - the
days payable outstanding
Which financial statement reports a company's capital expenditures during a particular
time period? - Answers -Statement of Cash Flows
What would decrease shareholders equity on a corporations Balance Sheet? - Answers
-The payment of dividends
As a company loosens its credit standards the investment in accounts receivable is
expected to? - Answers -increase
A plastics manufacturing company has decided to decrease inventory turnover from 10
times to 4 times per year. Assuming a constant sales level, which statement is true? -
Answers -The chance of spoilage increases
The NPV investment decision criteria typically assumes that cash flows are reinvested
at? - Answers -The projects cost of capital
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