QUESTION 1The financial manager is responsible for making decision.pdf

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QUESTION 1 The financial manager is responsible for making decisions that are in the best interests of the firm\'s owners. True False 3 points QUESTION 2 The external auditors of the firm report their findings directly to the CFO of the firm. True False 3 points QUESTION 3 The role of the financial system is to gather money from people, businesses and government that have funds to invest and to channel that money to those who need it. True False 3 points QUESTION 4 Brokers are market specialists who do not bear risk of ownership of securities. True False 3 points QUESTION 5 Generally accepted accounting principles determine the rules for how a company can issue stocks to raise money. True False 3 points QUESTION 6 Cash flows from operating activities involve buying and selling of long-term assets. True False 3 points QUESTION 7 Financial statement analysis can help us determine why a firm\'s cash flows are increasing or decreasing. True False 3 points QUESTION 8 Total asset turnover is more relevant for service-industry firms, while the fixed asset turnover ratio is more relevant for manufacturing industry firms. True False 3 points QUESTION 9 The value of a dollar invested at a positive interest rate grows over time but at a slower rate further into the future. True False 3 points QUESTION 10 Compounding is the process by which interest earned on an investment is reinvested so that in future periods, interest is earned on the interest previously earned as well as the original principal. True False 3 points QUESTION 11 Calculating the present and future values of multiple cash flows is relevant only for individual investors. True False 3 points QUESTION 12 In an annuity due, cash flows occur at the beginning of each period. True False 3 points QUESTION 13 The capital appreciation component of a stock\'s return considers the change in price of a stock divided by the initial price of the stock. True False 3 points QUESTION 14 The best measure of assessing a risk within an investment is its variance. True False 3 points QUESTION 15 The cash remaining with the firm after paying its operating expenses, making payments to creditors, and taxes is called: earnings per share. capital contributed in excess of par. residual cash flows. assets. 3 points QUESTION 16 Which of the following organizational forms is subject to the Securities and Exchange Commission (SEC) regulations? Sole proprietorship Partnership Private corporation Public corporation 3 points QUESTION 17 Which of the following is primarily responsible for managing all aspects of a firm’s financial side? CFO CEO Board of directors Audit committee 3 points QUESTION 18 When analysts and investors determine the value of a firm\'s stock, they should consider: the size of the expected cash flows associated with owning the stock. the timing of the cash flows. the riskiness of the cash flows. all of the above. 3 points QUESTION 19 Which of the following unconditional powers does the audit committe.

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decreasing.
True
False
3 points
QUESTION 8
Total asset turnover is more relevant for service-industry firms, while the fixed asset turnover
ratio is more relevant for manufacturing industry firms.
True
False
3 points
QUESTION 9
The value of a dollar invested at a positive interest rate grows over time but at a slower rate
further into the future.
True
False
3 points
QUESTION 10
Compounding is the process by which interest earned on an investment is reinvested so that in
future periods, interest is earned on the interest previously earned as well as the original
principal.
True
False
3 points
QUESTION 11
Calculating the present and future values of multiple cash flows is relevant only for individual
investors.
True
False
3 points
QUESTION 12
In an annuity due, cash flows occur at the beginning of each period.
True
False
3 points
QUESTION 13
The capital appreciation component of a stock's return considers the change in price of a stock

divided by the initial price of the stock.
True
False
3 points
QUESTION 14
The best measure of assessing a risk within an investment is its variance.
True
False
3 points
QUESTION 15
The cash remaining with the firm after paying its operating expenses, making payments to
creditors, and taxes is called:
earnings per share.
capital contributed in excess of par.
residual cash flows.
assets.
3 points
QUESTION 16
Which of the following organizational forms is subject to the Securities and Exchange
Commission (SEC) regulations?
Sole proprietorship
Partnership
Private corporation
Public corporation
3 points
QUESTION 17
Which of the following is primarily responsible for managing all aspects of a firm’s financial
side?
CFO
CEO
Board of directors
Audit committee
3 points
QUESTION 18
When analysts and investors determine the value of a firm's stock, they should consider:
the size of the expected cash flows associated with owning the stock.

the timing of the cash flows.
the riskiness of the cash flows.
all of the above.
3 points
QUESTION 19
Which of the following unconditional powers does the audit committee have the authority to do?
Audit the personal bank account of the CEO
Question any person employed by the firm
Audit the compensation files of firms in the same industry
None of the above
3 points
QUESTION 20
An economy with a large flow of funds requires:
a lot of gold reserves.
a frictionless market.
an efficient financial system.
all of the above.
earnings per share.
capital contributed in excess of par.
residual cash flows.
assets.
Solution
1)True
2)False
3)true
4)Yes
5)True
6)False
7)False
8)True
9)True
10)True
11)False
12)False

13)True
14)True
15)Residual cash flow
16)public corporation
17)CFO
18)all of the above.
19)Question any person employed by the firm
20)all of the above.

Question 2 Marathon runner Mariah Li noticed the San Diego Zoo was prohibiting people in motorized wheelchairs from viewing the zoo\'s baby panda and saw nothing wrong with this policy. Tully Smythe, who is wheelchair-bound, saw the notice and felt he was being discriminated against because he could not use his wheelchair to access the panda site. This is an example of: selective perception kinesics faulty closure selective retention defensive biasesa. selective perceptionb. kinesicsc. faulty closured. selective retentione. defensive biases Solution a. Selective perception The reason behind the same is the difference in perception between Marathon runner Mariah and Tully Smythe. The former saw nothing wrong in the policy and the later found it as a discrimination..

Question 2Marathon runner Mariah Li noticed the San Diego Zoo was .pdf

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question 29E on chapter 2.6. Finding the vecolicy of the car. dont u.pdf

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Question 13 of 251.0 Points Accepted characters: numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), \"E\" or \"e\" (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker. Complex numbers should be in the form (a + bi) where \"a\" and \"b\" need to have explicitly stated values. For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not. A statistics professor has just given a final examination in his statistical inference course. He is particularly interested in learning how his class of 40 students performed on this exam. The scores are shown below. 77 81 74 77 79 73 80 85 86 73 83 84 81 73 75 91 76 77 95 76 90 85 92 84 81 64 75 90 78 7882 78 86 86 82 70 76 78 72 93 What is the mean score on this exam? Place your answer, rounded to two decimal places in the blank. For example, 65.78 would be a legitimate entry. Question 14 of 251.0 Points Accepted characters: numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), \"E\" or \"e\" (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker. Complex numbers should be in the form (a + bi) where \"a\" and \"b\" need to have explicitly stated values. For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not. In February 2002 the Argentine peso lost 70% of its value compared to the United States dollar. This devaluation drastically raised the price of imported products. According to a survey conducted by AC Nielsen in April 2002, 68% of the consumers in Argentina were buying fewer products than before the devaluation, 24% were buying the same number of products, and 8% were buying more products. Furthermore, in a trend toward purchasing less-expensive brands, 88% indicated that they had changed the brands they purchased. Suppose the following complete set of results were reported. Use the following data to answer this question. Number of Products Purchased Brands Purchased Fewer Same More Total Same 10 14 24 48 Changed 262 82 8 352 Total 272 96 32 400 What is the probability that a consumer selected at random purchased fewer products than before and changed brands? Place your answer, rounded to 4 decimal places, in the blank. Question 15 of 251.0 Points Accepted characters: numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), \"E\" or \"e\" (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker. Complex numbers should be in the form (a + bi) where \"a\" and \"b\" need to have explicitly stated values. For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not. A school determines that the number of children X in the families who attend the school follows the distri.

Question 13 of 251.0 PointsAccepted characters numbers, decimal p.pdf

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Question 1 Using this 2 x 2 table, determine which of the following is the correct odds ratio. Exposure to variable of interest Existence of Disease designated as case (yes disease) or control (no) Case Control Yes exposed 27 23 50 No not exposed 20 24 44 Total 47 47 94 Answer 3.4 .54 .96 1.4 Question 2 . Which of the following statements about cumulative incidence and/or incidence density is true? Answer Incident density is also called the incidence rate. Both the incidence density and the cumulative incidence use number of people at risk for disease in the denominator, though their numerators are different. The numerator for incidence density is calculated in person-years. Cumulative incidence is usually larger than incidence density since the denominator is smaller. 1 points Question 3 1. Which of the following statements about prevalence and/or incidence is true? Answer You need to know the number of people at risk at the beginning of the year to calculate the prevalence. Incidence is based on a sample, while prevalence is based on a population. Prevalence is an estimate of the true incidence of disease in a population. You need to know the number of people at risk at the beginning of the year to calculate the cumulative incidence for that year. Question 4 Using this table, which of the following is the incidence density of whooping cough in year 2 in the population that was sampled, given that there were 190 people at risk after year 1? Number diagnosed When diagnosed Multiplier based on time of diagnosis Total Person-Years 2 1st quarter .25 .5 4 2nd quarter .50 2 3 3rd quarter .75 2.25 9 4.75 (Hint: Number left contributing 1 person year each is 190 ? 9 = 181) Answer .4% 4.8% .5% 1.9% Question 5 Using this 2 x 2 table, determine which of the following is the correct odds ratio. Exposure to variable of interest Existence of Disease designated as case (yes disease) or control (no) Case Control Yes exposed 34 29 63 No not exposed 31 36 67 Total 65 65 130 Answer .8 1.4 3.8 .5 Question 6 Using these numbers, which of the following is the cumulative incidence in year 2 of flu in the population that was sampled? Year Number at Risk New Cases 1 250 34 2 250 47 Answer 14% 19% 16% 8% Question 7 1. Using these numbers, which of the following is the prevalence of smoking in the population that was sampled? Total number respondents: 80,000 Number of respondents who smoke: 14,243 Answer .2 .17% 17% 7% 1 points Question 8 1. Which of the following statements about cumulative incidence and/or incidence density is true? Answer You cannot calculate either incidence density or cumulative incidence using a sample; you must use the whole population. Incidence density can be calculated using a sample but cumulative incidence cannot. Both incidence density and cumulative incidence can be calculated using a sample of the population. Both types of incidence are parameters, whereas prevalence is a statistic. 1 points Question 9 1. Using this 2 x 2 table, determi.

Question 1Using this 2 x 2 table, determine which of the following.pdf

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QUESTION 1 The Fed has the most control over A. money market mutual funds. B. the monetary base. C. M2. D. M1. QUESTION 2 When banks borrow directly from the Fed, the interest rate on those loans is the A. prime rate. B. Federal Funds rate. C. required reserve rate. D. discount rate. QUESTION 3 Moral hazard occurs when A. financial institutions become insolvent because they issued too many loans. B. there are more short-term liabilities than short-term assets. C. financial institutions take on too much risk because they are insured. D. the failure of one financial institution can bring down other institutions as well. QUESTION 4 An increase in money growth will cause inflation to increase in A. neither the short run nor the long run. B. the short run only. C. both the short run and the long run. D. the long run only. QUESTION 5 What is the purpose of the Fed\'s structure? A. to make sure all states are given equal access to monetary policy decisions B. to keep the power of the Fed dispersed C. to keep the private sector out of the monetary policy making arena D. to give the President of the United States as many tools as possible to regulate the economy QUESTION 1 The Fed has the most control over A. money market mutual funds. B. the monetary base. C. M2. D. M1. QUESTION 2 When banks borrow directly from the Fed, the interest rate on those loans is the A. prime rate. B. Federal Funds rate. C. required reserve rate. D. discount rate. QUESTION 3 Moral hazard occurs when A. financial institutions become insolvent because they issued too many loans. B. there are more short-term liabilities than short-term assets. C. financial institutions take on too much risk because they are insured. D. the failure of one financial institution can bring down other institutions as well. QUESTION 4 An increase in money growth will cause inflation to increase in A. neither the short run nor the long run. B. the short run only. C. both the short run and the long run. D. the long run only. QUESTION 5 What is the purpose of the Fed\'s structure? A. to make sure all states are given equal access to monetary policy decisions B. to keep the power of the Fed dispersed C. to keep the private sector out of the monetary policy making arena D. to give the President of the United States as many tools as possible to regulate the economy QUESTION 1 The Fed has the most control over A. money market mutual funds. B. the monetary base. C. M2. D. M1. QUESTION 2 When banks borrow directly from the Fed, the interest rate on those loans is the A. prime rate. B. Federal Funds rate. C. required reserve rate. D. discount rate. QUESTION 2 When banks borrow directly from the Fed, the interest rate on those loans is the A. prime rate. B. Federal Funds rate. C. required reserve rate. D. discount rate. QUESTION 3 Moral hazard occurs when A. financial institutions become insolvent because they issued too many loans. B. there are more short-term liabilities than short-term assets. C. financial .

QUESTION 1The Fed has the most control overA. money mark.pdf

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Question 1 Table: Statistics for a Small Economy STATISTICS FOR A SMALL ECONOMY Item Value in dollars ($) Cash held by public -7 million Small-time deposits -30 million Money market mutual funds -18 million Checkable deposits -36 million Currency & total reserves at the Fed -12 million Large-time deposits -20 million Demand deposits -14 million Table: Statistics for a Small Economy) The table shows some statistics for a small economy. Using only the information provided, M1 in this country amounts to A. $43 million. B. $48 million. Question 2 Table: Statistics for a Small Economy STATISTICS FOR A SMALL ECONOMY Item Value in dollars ($) Cash held by public -7 million Small-time deposits -30 million Money market mutual funds -18 million Checkable deposits -36 million Currency & total reserves at the Fed -12 million Large-time deposits -20 million Demand deposits-14 million (Table: Statistics for a Small Economy) The table shows some statistics for a small economy. Using only the information provided, M2 in this country amounts to A. $105 million. B. $129 million. Question 3 The Fed has the most control over A. M2. B. money market mutual funds. C. the monetary base. Question 4 What is the purpose of the Fed\'s structure? A. to keep the private sector out of the monetary policy making arena B. to keep the power of the Fed dispersed Question 1 Table: Statistics for a Small Economy STATISTICS FOR A SMALL ECONOMY Item Value in dollars ($) Cash held by public -7 million Small-time deposits -30 million Money market mutual funds -18 million Checkable deposits -36 million Currency & total reserves at the Fed -12 million Large-time deposits -20 million Demand deposits -14 million Table: Statistics for a Small Economy) The table shows some statistics for a small economy. Using only the information provided, M1 in this country amounts to A. $43 million. B. $48 million. Question 2 Table: Statistics for a Small Economy STATISTICS FOR A SMALL ECONOMY Item Value in dollars ($) Cash held by public -7 million Small-time deposits -30 million Money market mutual funds -18 million Checkable deposits -36 million Currency & total reserves at the Fed -12 million Large-time deposits -20 million Demand deposits-14 million (Table: Statistics for a Small Economy) The table shows some statistics for a small economy. Using only the information provided, M2 in this country amounts to A. $105 million. B. $129 million. Question 3 The Fed has the most control over A. M2. B. money market mutual funds. C. the monetary base. Question 4 What is the purpose of the Fed\'s structure? A. to keep the private sector out of the monetary policy making arena B. to keep the power of the Fed dispersed Question 1 Table: Statistics for a Small Economy STATISTICS FOR A SMALL ECONOMY Item Value in dollars ($) Cash held by public -7 million Small-time deposits -30 million Money market mutual funds -18 million Checkable deposits -36 million Currency & total reserves at the Fed -12 million Large-tim.

Question 1Table Statistics for a Small EconomySTATISTICS .pdf

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Question 1 Given the financial statements below for Firefly Enterprises, what is the external financing need for a pro forma increase in sales of 16%? Enter your answer as the nearest whole (e.g., 123), but do not include the $ sign. Firefly Enterprises Income Statement ($ Million) 2011 Sales 740 Cost of Goods Sold 452 Selling, General, & Admin Exp. 124 Depreciation 40 Earnings Before Interest & Taxes 124 Interest Expense 24 Taxable Income 100 Taxes at 40% 40 Net Income 60 Dividends 18 Addition to Retained Earnings 42 Balance Sheets as of 12-31 Assets 2010 2011 Cash 20 20 Account Receivable 102 110 Inventory 76 80 Total Current Assets 198 210 Net Fixed Assets 352 410 Total Assets 550 620 Liabilities and Owners Equity 2010 2011 Accounts Payable 62 70 Notes Payable 0 0 Total Current Liabilities 62 70 Long-Term Debt 280 300 Common Stock 34 34 Retained Earnings 174 216 Total Liab. and Owners Equity 550 620 Firefly Enterprises Income Statement ($ Million) 2011 Sales 740 Cost of Goods Sold 452 Selling, General, & Admin Exp. 124 Depreciation 40 Earnings Before Interest & Taxes 124 Interest Expense 24 Taxable Income 100 Taxes at 40% 40 Net Income 60 Dividends 18 Addition to Retained Earnings 42 Balance Sheets as of 12-31 Assets 2010 2011 Cash 20 20 Account Receivable 102 110 Inventory 76 80 Total Current Assets 198 210 Net Fixed Assets 352 410 Total Assets 550 620 Liabilities and Owners Equity 2010 2011 Accounts Payable 62 70 Notes Payable 0 0 Total Current Liabilities 62 70 Long-Term Debt 280 300 Common Stock 34 34 Retained Earnings 174 216 Total Liab. and Owners Equity 550 620 Solution Sales 858.40 Cost of goods sold 524.32 Selling, General, & Admin Exp. 143.84 Depreciation 40 EBIT 294.08 Interest expense 24 Taxable income 270.08 Taxes at 40% 108.032 Net income 162.048 Dividends 18 Addition to retained earnings 144.048 External finance required = total assets – liabilities- owners equity Assets Cash 23.2 Account receivable 118.32 Inventory 88.16 Total current assets 229.68 Net fixed assets 352 Total assets 581.68 Liabilities and owners equity Account payable 71.92 Notes payable 0 Total current liabilities 71.92 Long term debt 280 Common stock 34 Retained earnings 144.048 External finance required =581.68 – 529.968 =51.712 Assumption Sales 858.40 Cost of goods sold 524.32 Selling, General, & Admin Exp. 143.84 Depreciation 40 EBIT 294.08 Interest expense 24 Taxable income 270.08 Taxes at 40% 108.032 Net income 162.048 Dividends 18 Addition to retained earnings 144.048 External finance required = total assets – liabilities- owners equity Assets Cash 23.2 Account receivable 118.32 Inventory 88.16 Total current assets 229.68 Net fixed assets 352 Total assets 581.68 Liabilities and owners equity Account payable 71.92 Notes payable 0 Total current liabilities 71.92 Long term debt 280 Common stock 34 Retained earnings 144.048 External finance required =581.68 – 529.968 =51.712.

Question 1Given the financial statements below for Firefly Enterpr.pdf

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