Accounting 323 – Intermediate Accounting III Summer 2013 Quiz # 6 Ch. 2 Consolidation of Financial Information Name 1. In a transaction accounted for using the acquisition method where the consideration transferred is more than fair value of net assets acquired‚ which statement is true? A. Goodwill is recorded. B. A deferred credit is recorded. C. A gain on bargain purchase is recorded. D. Negative goodwill is recorded 2. Assume that Company A
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Question 1 5 out of 5 points Correct All persons act in order that they might get pleasure.Even so-called altruistic persons who help others so much that they do almost nothing for themselves get pleasure out of giving.Otherwise‚ they wouldn’t do it. Suppose a person hits himself over the head with a hammer.He must get pleasure from it‚ because why else would he do it if he didn’t get pleasure from it? Answer Selected Answer: Circular reasoning Correct
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Answer: must be particular. Correct Answer: must be particular. Question 5 5 out of 5 points Correct A basic form of deductive argument is ________. Answer Selected Answer: the syllogism. Correct Answer: the syllogism. Question 6 5 out of 5 points Correct All dillybobbers are thingamajigs. No whatchamacallit is a dillybobber. Therefore‚ no whatchamacallits are thingamajigs. This syllogism is an example of _______________. Answer Selected Answer: illicit process. Correct
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BUSAD 5120 – Decision Sciences Quiz #1 Instructions: Answer 33 questions on this quiz. That means skip 3 questions. If you answer more than 33 I will choose up to 3 random numbers and will disregard those questions so only 33 will remain to be graded. All questions are worth the same point value (3 points each). Email me your completed quiz no later than Sunday‚ Nov 2nd. Chapter 1: TRUE/FALSE (1-9) 1) Management science involves the philosophy of approaching a problem in a subjective manner
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1. | Question : | (TCO D) Which of the following factors would increase the likelihood that a company would call its outstanding bonds at this time? (a) The yield to maturity on the company’s outstanding bonds increases due to a weakening of the firm’s financial situation. (b) A provision in the bond indenture lowers the call price on specific dates‚ and yesterday was one of those dates. (c) The flotation costs associated with issuing new bonds rise. (d) The firm’s CFO believes that interest
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Question 1 1 out of 1 points The 8 percent annual coupon bonds of the ABC Co. are selling for $880.76. The bonds mature in 10 years. The bonds have a par value of $1‚000 and payments are made semi-annually? What is the before-tax cost of debt? Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. Selected Answer: 9.91 Correct Answer: 9.91 Answer range +/- 0.05 (9.86 - 9.96) Response Feedback: NPER = 10* 2 RATE = ? * 2 = Answer = 4
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1. | Question : | (TCO C) Blease Inc. has a capital budget of $625‚000‚ and it wants to maintain a target capital structure of 60 percent debt and 40 percent equity. The company forecasts a net income of $475‚000. If it follows the residual dividend policy‚ what is its forecasted dividend payout ratio? (a) 40.61% (b) 42.75% (c) 45.00% (d) 47.37% (e) 49.74% | | | Student Answer: | | (d) 47.37 Equity required (Residual income) = $625‚000*40% = $250‚000 Dividend paid = $475‚000 - $250
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Making a sound financial decision is a vital component of the success of a business. The business must conduct market research‚ description of products‚ services and marketing strategies‚ and setting principles for the business’s success. Expenses should be noted prior to writing a financial plan. The goal of a business is to operate on a predefined budget. Ensure there are no undefined or hidden cost that could cause problems later. The business plan helps the business to make day-to-day decisions
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FIN/200 Week 7 Checkpoint Trade credit is the most popular form of short term financing‚ figures show that over 40 percent of businesses use this form. Trade is also known as accounts payable. This form of short term financing happens when manufacturers or suppliers provide goods or services upfront to companies with the expectation of getting payment within 30 to 60 days from time of delivery. Usually suppliers
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Question 1 . 2 out of 2 points Your bank account pays a 6% nominal rate of interest. The interest is compounded quarterly. Which of the following statements is CORRECT? Answer Selected Answer: The periodic rate of interest is 1.5% and the effective rate of interest is greater than 6%. Correct Answer: The periodic rate of interest is 1.5% and the effective rate of interest is greater than 6%. . Question 2 . 2 out of 2 points Which of the following statements regarding a 15-year (180-month)
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