Week 1 Quiz
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Top of Form Week 1 Quiz | 100.0 Points | Question 1 of 25 | 4.0 Points |
The higher the profit of a firm, the higher the value the firm is assured of receiving in the market. | | | | A. True | B. False | |
Answer Key: False | Question 2 of 25 | 4.0 Points |
Which of the following is not a primary source of capital to the firm? | | | | A. assets | | | | | B. common stock | | | | | C. preferred stock | | | | | D. bonds | |
Answer Key: A | Question 3 of 25 | 4.0 Points |
Consider the following information for Ball Corp.Selling and administrative expense $40,000Depreciation expense 70,000Sales 350,000Interest expense 30,000Cost of goods sold 110,000Taxes 17,500What is the Operating Profit for Ball Corp? | | | | A. $71,450 | | | | | B. $90,000 | | | | | C. $130,000 | | | | | D. None of these | |
Answer Key: C | Question 4 of 25 | 4.0 Points |
Which of the following is not subtracted out in arriving at operating income? | | | | A. interest expense | | | | | B. cost of goods sold | | | | | C. depreciation | | | | | D. selling and administrative expense | |
Answer Key: A | Question 5 of 25 | 4.0 Points |
Preferred stock is excluded from stockholders equity because it does not have full voting rights. | | | | A. True | B. False | |
Answer Key: False | Question 6 of 25 | 4.0 Points |
A firm has current assets of $100,000 and total assets of $300,000. The firm 's sales are $900,000. The firm 's fixed asset turnover is | | | | A. 4.5x | | | | | B. 12.0x | | | | | C. 2.4x | | | | | D. 5.0x | |
Answer
Top of Form Week 1 Quiz | 100.0 Points | Question 1 of 25 | 4.0 Points |
The higher the profit of a firm, the higher the value the firm is assured of receiving in the market. | | | | A. True | B. False | |
Answer Key: False | Question 2 of 25 | 4.0 Points |
Which of the following is not a primary source of capital to the firm? | | | | A. assets | | | | | B. common stock | | | | | C. preferred stock | | | | | D. bonds | |
Answer Key: A | Question 3 of 25 | 4.0 Points |
Consider the following information for Ball Corp.Selling and administrative expense $40,000Depreciation expense 70,000Sales 350,000Interest expense 30,000Cost of goods sold 110,000Taxes 17,500What is the Operating Profit for Ball Corp? | | | | A. $71,450 | | | | | B. $90,000 | | | | | C. $130,000 | | | | | D. None of these | |
Answer Key: C | Question 4 of 25 | 4.0 Points |
Which of the following is not subtracted out in arriving at operating income? | | | | A. interest expense | | | | | B. cost of goods sold | | | | | C. depreciation | | | | | D. selling and administrative expense | |
Answer Key: A | Question 5 of 25 | 4.0 Points |
Preferred stock is excluded from stockholders equity because it does not have full voting rights. | | | | A. True | B. False | |
Answer Key: False | Question 6 of 25 | 4.0 Points |
A firm has current assets of $100,000 and total assets of $300,000. The firm 's sales are $900,000. The firm 's fixed asset turnover is | | | | A. 4.5x | | | | | B. 12.0x | | | | | C. 2.4x | | | | | D. 5.0x | |
Answer