Week 9 - Chapters 11, 12, 13, and 14 Quiz

Question 1

2 out of 2 points

The actual disbursement of cash is recorded in which of the following financial statements?

Answers:	income statement
	balance sheet
	statement of cash flows
	treasurer’s report

Question 2

2 out of 2 points

A statement that expresses the income statement items as a percent of total sales is called:

Answers:	a percentage of sales income statement
	a cross-sectional income statement
	a common size income statement
	a ratio based income statement

Question 3

2 out of 2 points

In an efficient market:

Answers:	it is fairly easy to find stocks whose prices do not fairly reflect the present value of future expected cash flows
	expected news will cause a rapid change in prices
	information flows are random, both in timing and in content
	all the above

Question 4

0 out of 2 points

The 2002 Sarbanes-Oxley Act and actions by the stock exchanges:

Answers:	limit the compensation that could be paid to CEOs.
	increase the number of independent directors on corporate Boards.
	provide uniform international accounting standards
	none of the above

Question 5

2 out of 2 points

If a firm has sales of $100, total expenses (including interest and taxes) of $50, has a stock that is selling at $50 per share and has 10 shares of stock outstanding, then the firm has a P/E ratio of:

Answers:	2.00
	1.00
	10.0
	0.20

Question 6

2 out of 2 points

Ningbo Steel had year end 2011 and 2012 retained earnings balances of $5,000,000 and $6,000,000 respectively. The firm paid $100,000 of dividends in 2012. Based on this information, Ningbo Steel’s net profit after taxes in 2012 was:

Answers:	$100,000
	$900,000
	$1,000,000
	$1,100,000

Question 7

2 out of 2 points

A firm has fixed operating costs of $10,000, the sale price per unit of its product is $25, and its variable cost per unit is $15. The firm’s operating breakeven point in units is

Answers:	250
	400
	667
	1,000

Question 8

2 out of 2 points

As part of the measurement of financial leverage, the total debt ratio is calculated as:

Answers:	total liabilities divided by total assets
	total liabilities times total assets
	current liabilities divided by total assets
	total assets minus current liabilities divided by total liabilities divided by total liabilities

Question 9

2 out of 2 points

If a firm’s sales are $2,000,000, its cost of goods sold is $1,500,000, and its total assets are $1,000,000, what is total asset turnover?

Answers:	2.0 times
	1.5 times
	0.5 times
	.67 times

Question 10

2 out of 2 points

A market has ________ if it can absorb large orders without disrupting prices; it has ___________ if it has many trades.

Answers:	depth, breadth
	breadth, depth
	liquidity, quick execution
	quick execution, liquidity

Question 11

2 out of 2 points

A market is liquid if

Answers:	trades are executed quickly.
	market prices don’t fluctuate sharply on successive trades
	both a) and b) are correct.
	if fees are low.

Question 12

2 out of 2 points

Which of the following is not required to compute the expected return of a three-asset portfolio?

Answers:	the amount invested in each stock
	the correlation between the returns on each stock
	the expected return on each stock
	all of the above are required

Question 13

0 out of 2 points

_____________ costs are a function of quantity sold, not time.

Answers:	fixed
	depreciation
	operating
	variable

Question 14

2 out of 2 points

(Cash + Marketable securities + Accounts receivable) ∕ Current liabilities

Answers:	Current ratio
	Quick ratio
	Average payment period
	Fast ratio

Question 15

2 out of 2 points

The maximum buying price or the minimum selling price specified by the investor is called a:

Answers:	stop-loss order
	market order
	short sale
	limit order

Question 16

2 out of 2 points

All of the following accounts are considered to be current assets on the balance sheet except:

Answers:	cash
	accruals
	accounts receivable
	inventory

Question 17

2 out of 2 points

Responsible for the controller and the treasury functions of a firm.

Answers:	Chief financial officer
	Treasurer
	Principle
	Controller

Question 18

2 out of 2 points

Which of the following would not be considered in the fixed charge coverage ratio?

Answers:	sinking fund payments
	dividend payments
	lease payments Rent payments
	rent payments

Question 19

0 out of 2 points

Using the DuPont system of analysis and holding other factors constant, decrease in total asset turnover will result in ________ in the return on equity.

Answers:	an increase
	a decrease
	no change
	an undetermined change

Question 20

2 out of 2 points

Which of the following would not be included on the balance sheet?

Answers:	dividends paid
	retained earnings
	capital paid in excess of par
	common stock

Week 9 – Chapters 11, 12, 13, and 14 Quiz

Question 1

Question 2

Question 3

Question 4

Question 5

Question 6

Question 7

Question 8

Question 9

Question 10

Question 11

Question 12

Question 13

Question 14

Question 15

Question 16

Question 17

Question 18

Question 19

Question 20

Total price (USD) $12.99

Question 1

Question 2

Question 3

Question 4

Question 5

Question 6

Question 7

Question 8

Question 9

Question 10

Question 11

Question 12

Question 13

Question 14

Question 15

Question 16

Question 17

Question 18

Question 19

Question 20

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. If you need assistance with writing your essay, our professional essay writing service is here to help!