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The person generally directly responsible for overseeing the tax management, cost accounting, financial accounting, and data processing functions is the:
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The choice of raising money through debt or equity capital for a firm is referred to as the firm's:
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FIN 330 exam 1
| Question | Answer |
|---|---|
| The person generally directly responsible for overseeing the tax management, cost accounting, financial accounting, and data processing functions is the: | Controller |
| The choice of raising money through debt or equity capital for a firm is referred to as the firm's: | capital structure |
| The management of a firm's current assets and liabilities is called: | working capital management |
| A business owned by an individual is called a: | sole proprietorship |
| A conflict of interest between the stockholders and company management is called | the agency problem |
| The primary market is the market in which | newly issued securities are offered for sale |
| Which one of the following is a capital budgeting decision | deciding whether or not to start a new project such as opening a new store The decision to issue debt rather than additional shares of stock is an example of |
| Working capital management | is concerned with having sufficient funds in the next 12 months to operate the business on a daily basis |
| Which one of the following statements concerning a sole proprietorship is correct | The owner of a sole proprietorship may be forced to sell his or her personal assets to pay company debts |
| A partnership | terminates at the death of any general partner |
| sole proprietorship | |
| The primary goal of financial management is to | maximize the current value per share of the existing stock |
| Dealer markets | are also called over-the-counter markets |
| Which form of business structure faces the greatest agency problems | Corporation |
| Which one of the following is a primary market transaction | a investor or saver buying newly issued shares of stock from a corporation |
| The financial statement summarizing the value of a firm's equity on a particular date is the | balance sheet |
| A current asset is best defined as | an asset which is expected to be converted into cash within the next year |
| Net working capital is defined as | current assets minus current liabilities |
| Your _____ tax rate is the amount of tax payable on the next taxable dollar you earn | Marginal |
| Your _____ tax rate measures the total taxes you pay divided by your total taxable income | Average |
| The difference between a firm's current assets and its current liabilities is called | net working capital |
| The dividend per share is the amount of | cash paid to investors on each share of outstanding stock |
| Which one of the following accounts is the most liquid | cash |
| The book value of a firm is | based on historical cost-cumulative depreciation expenses |
| The process of accumulating interest on an investment over time to earn more interest is called | compounding |
| Interest earned only on the original principal amount invested is called _____ interest | Simple |
| As the discount rate increases, the present value of $2,000 to be received four years from now | decreases |
| An annuity is a(n) | constant stream of cash flows occurring for a fixed period of time |
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