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FIN 370 Week 1 Practice: Week 1 Knowledge Check

FIN 370 Week 1 Practice: Week 1 Knowledge Check
 

Complete the Week 1 “Knowledge Check” in Connect®.

Note: You have unlimited attempts available to complete this practice assignment. The highest scored attempt will be recorded. These assignments have earlier due dates, so plan accordingly. Grades must be transferred manually to eCampus by your instructor. Don’t worry, this might happen after your due date.

 

MC Qu. 1-14 Which of the following managers would…

Which of the following managers would NOT use finance?

Multiple Choice

 

 

 

 
 

 

 

human resource managers

 

 

 

 
 

 

 

marketing managers

 

 

 

 
 

 

 

operational managers

 

 

 

 
 

 

 

all of these choices are .

 

 

 

 

 

MC Qu. 1-11 Which of the following is defined…

Which of the following is defined as a group of securities that exhibit similar characteristics, behave similarly in the marketplace, and are subject to the same laws and regulations?

Multiple Choice

 

 

 

 
 

 

 

market instruments

 

 

 

 
 

 

 

investments

 

 

 

 
 

 

 

financial markets

 

 

 

 
 

 

 

asset classes

 

 

 

 

MC Qu. 1-63 An angel investor differs from a…

An angel investor differs from a venture capitalist because of the

Multiple Choice

 

 

 

 
 

 

 

size of investment.

 

 

 

 
 

 

 

voting rights.

 

 

 

 
 

 

 

type of investment.

 

 

 

 
 

 

 

investment time frame.

 

 

 

MC Qu. 1-18 This type of business organization is…

This type of business organization is entirely legally independent from its owners.

Multiple Choice

 

 

 

 
 

 

 

hybrid organizations

 

 

 

 
 

 

 

partnership

 

 

 

 
 

 

 

sole proprietorship

 

 

 

 
 

 

 

public corporations

 

 

 

 

MC Qu. 1-67 Which of these is the system…

Which of these is the system of incentives and monitors that tries to overcome the agency problem?

Multiple Choice

 

 

 

 
 

 

 

checks and Balances

 

 

 

 
 

 

 

Security Exchange Commission

 

 

 

 
 

 

 

board of Directors

 

 

 

 
 

 

 

corporate Governance

 

 

 

 

MC Qu. 1-54 From the perspective of control, the…

From the perspective of control, the best form of business organization is the

Multiple Choice

 

 

 

 
 

 

 

corporation.

 

 

 

 
 

 

 

partnership.

 

 

 

 
 

 

 

S corporation.

 

sole proprietorship.

 

 

 

 

 

MC Qu. 1-19 Which of the following is…

Which of the following is NOT considered a hybrid organization?

Multiple Choice

 

 

 

 
 

 

 

limited liability partnership

 

 

 

 
 

 

 

limited liability company

 

 

 

 
 

 

 

limited partnership

 

 

 

 
 

 

 

all of these choices are .

 

 

 

 
 

 

 

S corporation

 

 

 

 

MC Qu. 1-1 The increase in oil production in…

The increase in oil production in the United States characterizes which of the following key financial concepts presented in this book?

Multiple Choice

 

 

 

 
 

 

 

the Rule of 72

 

 

 

 
 

 

 

time value of money

 

 

 

 
 

 

 

capital budgeting

 

risk and return

 

 

 

 

 

MC Qu. 1-59 All of the following are an…

All of the following are an example of a fiduciary relationship EXCEPT

Multiple Choice

 

 

 

 
 

 

 

a financial advisor advises her clients.

 

 

 

 
 

 

 

a CEO manages the firm.

 

 

 

 
 

 

 

the shareholder elects a board member.

 

 

 

 
 

 

 

a bank employee manages deposits.

 

 

 

 

MC Qu. 3-85 Which ratio assesses how efficiently a…

Which ratio assesses how efficiently a firm uses its fixed assets?

Multiple Choice

 

 

 

 
 

 

 

capital intensity ratio

 

 

 

 
 

 

 

current ratio

 

 

 

 
 

 

 

fixed asset turnover

 

 

 

 
 

 

 

average collection period

 

 

 

MC Qu. 3-90 A firm reported working capital of…

A firm reported working capital of $5.5 million and fixed assets of $20 million. Its fixed asset turnover was 1.2 times. What was the firm’s sales to working capital ratio?

Multiple Choice

 

 

 

 
 

 

 

4.36 times

 

 

 

 

 
 

 

 

6.03 times

 

 

 

 
 

 

 

2.21 times

 

 

 

 
 

 

 

5.19 times

 

 

 

 

MC Qu. 3-103 Which ratio measures the number of…

Which ratio measures the number of dollars of operating cash available to meet each dollar of interest and other fixed charges that the firm owes?

Multiple Choice

 

 

 

 
 

 

 

fixed-charge coverage ratio

 

 

 

 
 

 

 

cash coverage ratio

 

 

 

 
 

 

 

operating coverage ratio

 

 

 

 
 

 

 

times interest earned

 

 

 

MC Qu. 3-25 You are evaluating the balance sheet…

You are evaluating the balance sheet for Blue Jays Corporation. From the balance sheet you find the following balances: cash and marketable securities = $200,000, accounts receivable = $800,000, inventory = $1,000,000, accrued wages and taxes = $250,000, accounts payable = $400,000, and notes payable = $300,000. What are Blue Jays’ current ratio, quick ratio, and cash ratio, respectively?

Multiple Choice

 

 

 

 
 

 

 

3.07692, 1.53846, 0.30769

 

 

 

 
 

 

 

1.05263, 1.05263, 0.21053

 

 

 

 
 

 

 

2.10526, 1.05263, 0.21053

 

 

 

 
 

 

 

3.07692, 1.05263, 0.30769

 

 

 

MC Qu. 3-6 Which of the following ratios measure…

Which of the following ratios measure how efficiently a firm uses its assets, as well as how efficiently the firm manages its accounts payable?

Multiple Choice

 

 

 

 
 

 

 

quick or acid-test

 

 

 

 
 

 

 

cash

 

 

 

 
 

 

 

internal-growth

 

 

 

 
 

 

 

asset management

 

 

 

 

MC Qu. 3-20 For publicly traded firms, which of…

For publicly traded firms, which of these ratios measure what investors think of the company’s future performance and risk?

Multiple Choice

 

 

 

 
 

 

 

profitability ratios

 

 

 

 
 

 

 

liquidity ratios

 

 

 

 
 

 

 

price value ratios

 

 

 

 
 

 

 

market value ratios

 

 

 

 

MC Qu. 3-116 Which ratio measures the overall return…

Which ratio measures the overall return on the firm’s assets including financial leverage and taxes?

Multiple Choice

 

 

 

 
 

 

 

basic earning power

 

 

 

 
 

 

 

ROE

 

 

 

 
 

 

 

ROA

 

 

 

 
 

 

 

profit margin

 

 

 

 

 

MC Qu. 3-112 The maximum growth rate that can…

The maximum growth rate that can be achieved by financing asset growth with internal financing or retained earnings is called the

Multiple Choice

 

 

 

 
 

 

 

internal growth rate.

 

 

 

 
 

 

 

sustainable growth rate.

 

 

 

 
 

 

 

retention rate.

 

 

 

 
 

 

 

operating expansion rate.

 

 

 

 

MC Qu. 3-22 Which of the following is the…

Which of the following is the maximum growth rate that can be achieved by financing asset growth with new debt and retained earnings?

Multiple Choice

 

 

 

 
 

 

 

weighted growth rate

 

 

 

 
 

 

 

internal growth rate

 

 

 

 
 

 

 

sustainable growth rate

 

 

 

 
 

 

 

retained earnings growth rate

 

 

 

 

MC Qu. 3-23 To interpret financial ratios, managers, analysts,…

To interpret financial ratios, managers, analysts, and investors use which of the following type of benchmarks?

Multiple Choice

 

 

 

 
 

 

 

time series analysis

 

 

 

 
 

 

 

cross-industry analysis

 

 

 

 
 

 

 

time-industry analysis

 

 

 

 
 

 

 

competitive analysis

 

 

 

 

MC Qu. 3-42 Last year Poncho Villa Corporation had…

Last year Poncho Villa Corporation had an ROA of 16 percent and a dividend payout ratio of 25 percent. What is the internal growth rate?

Multiple Choice

 

 

 

 
 

 

 

13.64 percent

 

 

 

 
 

 

 

33.33 percent

 

 

 

 
 

 

 

25.40 percent

 

 

 

 
 

 

 

1.19 percent

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