FIN 301 TOPHAT Exam Questions with Correct Answers
5 vistas 0 veces vendidas
Grado
FIN 301
Institución
FIN 301
It is generally accepted that the primary goal or objective of the managers of a firm should be maximize profit - Answer-false; maximize wealth of owners
the common equity portion of a firm's balance sheet may include each of the following: common stock, retained earnings, and long term debt - A...
fin 301 tophat exam questions with correct answers
it is generally accepted that the primary goal or
Escuela, estudio y materia
FIN 301
FIN 301
Vendedor
Seguir
lectknancy
Comentarios recibidos
Vista previa del contenido
FIN 301 TOPHAT Exam Questions with
Correct Answers
It is generally accepted that the primary goal or objective of the managers of a firm
should be maximize profit - Answer-false; maximize wealth of owners
the common equity portion of a firm's balance sheet may include each of the following:
common stock, retained earnings, and long term debt - Answer-false;
capital surplus, capital in excess, paid in capital
the retained earnings account on the balance sheet as the end of a certain year reflects
the portion of the net income that the company has not paid in dividends for the year in
question - Answer-false
retained for a company's future use
return on equity (ROE) is an asset management ratio - Answer-false; leverage
a firm's working capital is comprised of the investment in short-term or current assets,
financing with current liabilities, and can provide insight into a firm's expectations about
the level of future operations - Answer-true
Ratio analysis is useful for analyzing a firm's internal performance over time but it is not
useful for comparison to the performance of other firms. - Answer-false; can compare
your ratio to others
a firm's statement of cash flow provides a plan for managing both cash inflows and
outflows over a specific period of time - Answer-true
according to the concept of the time value of money, a dollar today is worth more than a
dollar tomorrow simply because inflation will reduce the purchasing power of future
dollars - Answer-false; you can earn more interest because it's a longer period of time
the present value of an annuity due is smaller than the present value of an ordinary
annuity - Answer-false; the only difference between annuity due and an ordinary due is
time frame
the present value of a perpetuity can be determined as the cash flow divided by the
required rate of return - Answer-true
the effective annual rate of interest (EAR) is less than the annual percentage rate of
interest (APR) - Answer-false; greater; future values increase whenever compounding
occurs more often than once per year
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable.
Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lectknancy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $10.49. You're not tied to anything after your purchase.
