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FIN 330 exam 1

QuestionAnswer
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
Created by: garrettcline
 

 



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