Mid-Term Exam Busn 379 Essay Example
Question Type: # Of Questions: # Correct:
Multiple Choice 31 29
Many Multiple Choice 1 0
Short 4 N/A
Grade Details - All Questions
Page: 1 2 3 1. Question :
(TCO 1) What is the goal of financial management for a sole proprietorship?
Student Answer: Decrease long-term debt to reduce the risk to the owner maximize net income given the resources of the firm CORRECT maximize the market value of the equity minimize the tax impact on the proprietor minimize costs and increase production Instructor Explanation: Chapter 1, Page 11 Points Received: 3 of 3 Comments:
2. Question :
(TCO 1) Which of the these activities is not a capital budgeting task?
Student Answer: CORRECT determining the amount of cash needed on a daily basis to operate a firm identifying assets that produce value in excess of the cost to acquire those assets evaluating the size and timing of future cash flows from a project evaluating the risks associated with a proposed project Instructor Explanation: Chapter 1, Page 5, Week 1 Lecture Points Received: 3 of 3 Comments:
3. Question :
(TCO 1) Book values are different from market values because:
Student Answer: Book values reflect the value of the asset based on generally-accepted accounting principles. Book values are used in the company’s balance sheet. Book values do not reflect the amount someone is willing to pay today for an asset. CORRECT All of the above None of the above Instructor Explanation: Chapter 2, Page 26 Points Received: 3 of 3 Comments:
4. Question :
(TCO 1) Which of the following is true regarding income statements?
Student Answer: CORRECT It shows the revenue and expenses, based upon selected accounting methods. It reveals the net cash flows of a firm over a stated period of time. It reflects the financial position of a firm as of a particular date. It records revenue
Multiple Choice 31 29
Many Multiple Choice 1 0
Short 4 N/A
Grade Details - All Questions
Page: 1 2 3 1. Question :
(TCO 1) What is the goal of financial management for a sole proprietorship?
Student Answer: Decrease long-term debt to reduce the risk to the owner maximize net income given the resources of the firm CORRECT maximize the market value of the equity minimize the tax impact on the proprietor minimize costs and increase production Instructor Explanation: Chapter 1, Page 11 Points Received: 3 of 3 Comments:
2. Question :
(TCO 1) Which of the these activities is not a capital budgeting task?
Student Answer: CORRECT determining the amount of cash needed on a daily basis to operate a firm identifying assets that produce value in excess of the cost to acquire those assets evaluating the size and timing of future cash flows from a project evaluating the risks associated with a proposed project Instructor Explanation: Chapter 1, Page 5, Week 1 Lecture Points Received: 3 of 3 Comments:
3. Question :
(TCO 1) Book values are different from market values because:
Student Answer: Book values reflect the value of the asset based on generally-accepted accounting principles. Book values are used in the company’s balance sheet. Book values do not reflect the amount someone is willing to pay today for an asset. CORRECT All of the above None of the above Instructor Explanation: Chapter 2, Page 26 Points Received: 3 of 3 Comments:
4. Question :
(TCO 1) Which of the following is true regarding income statements?
Student Answer: CORRECT It shows the revenue and expenses, based upon selected accounting methods. It reveals the net cash flows of a firm over a stated period of time. It reflects the financial position of a firm as of a particular date. It records revenue