LESSON 1
1. Which of the following would result in a decrease in cash flow and a use of cash?
A. A decrease in notes payable
B. An increase in long-term debt
C.A decrease in inventory
D. A decrease in common stock
2. In the United States, for the 2007 tax year, federal corporate income tax rates never exceeded an average rate of
A. 15%. C. 39%.
B. 35%. D. 34%.
3. A firm has assets of $60,000 and owners’ equity of $33,000. Which of the following is the correct balance of the firm’s liabilities?
A. $33,000 C. $93,000
B. $27,000 D. $60,000
4. Which of the following would result in an increase in cash flow and a source of cash?
A. A decrease in notes payable
B. A decrease in long-term debt
C. An increase in inventory
D. An increase in common stock
5. A firm has current assets of $10,000 and current liabilities of $7,000. Which of the following is the correct net working capital for the firm?
A. $10,000 C. $3,000
B. $7,000 D. $13,000
6. If a firm has an accounts receivable balance of $18,800 at the end of 2007 and $16,500 at the end of 2008, which of the following statements about accounts receivable is correct?
A. Accounts receivable decreased by $2,300 and represented a use of cash.
B. Accounts receivable increased by $2,300 and represented a source of cash.
C. Accounts receivable decreased by $2,300 and represented a source of cash.
D. Accounts receivable increased by $2,300 and represented a use of cash.
7. If a firm has revenues of $15,090 and expenses of $8,850, what is the firm’s taxable income?
A. $15,090 C. $6,240
B. $8,850 D. $23,940
8. Which of the following statements about the issuance of an initial public offering (IPO) is correct?
A. IPOs may be either underpriced or overpriced.
B. IPOs are never overpriced.
C. IPOs are never underpriced.
D. IPOs are always correctly priced.
9. If a firm has revenues of $15,090, operating expenses of $8,850, and a tax expense of $2,120, what is the firm’s net income?
A. $8,850 C. $6,240
B. $4,120 D. $8,360
10. When you’re preparing a common-sized balance sheet, which of the following measures is set to equal 100 percent?
A. Total liabilities C. Total owners’ equity
B. Total assets D. Cash
11. Suppose that a corporation has a taxable income of $200,000. What is the firm’s corporate income tax for the current tax year? (You can use the following table to calculate the firm’s U.S. federal corporate tax.)
Taxable Income
More Than
Taxable Income
Less Than
Tax
Rate
$0 $50,000 15%
$50,001 $75,000 25%
$75,001 $100,000 34%
$100,001 $335,000 39%
$335,001 $10,000,000 34%
$10,000,001 $15,000,000 35%
$15,000,001 $183,333,334 38%
$18,333,334 35%
A. $78,000 C. $39,000
B. $6,250 D. $61,250
12. Using the same table and information provided in Question 11, what is the firm’s average tax rate?
A. 39% C. 34%
B. 30.625% D. 31.625%
13. Using the same table and information provided in Question 11, what is the firm’s marginal tax rate?
A. 39% C. 34%
B. 30.625% D. 31.625%
14. Dilution r ...
Webster’s dictionary defines synthesisas The combining of separa.docxmelbruce90096
Webster’s dictionary defines synthesisas: “The combining of separate elements or substances to form a coherent whole”. Throughout the journals in this course you will have the opportunity to synthesize each chapter, or, as Webster would say, combine elements of the chapter you think were especially poignant to form a short paragraph that captures it as a whole. Your synthesis of Chapter Two should be between 200-300 words, be written in only your words (i.e., no quotes, paraphrase, etc.), and capture the essence (essential points) of the chapter concepts.
After reading Chapter 2, I am more aware of how important it is to make sure that all children
have the opportunity to learn in all the different categories of styles. All children are different
and come from different backgrounds and lifestyles therefore it is up to the teacher to really get
to know who he/she is teaching so that lesson plans can be completed to fit every student. Even
though students learn at different levels they can all finish a school year in the same place if the
teacher stays on top of things. Part of planning lessons is to know what interests your students
and then plan from there. The curriculum is set at the beginning of the year for the grade levels
but the teacher can change things around to make it more interesting for the students and keep
them focused. In am big on students working in groups reason being is that they can excel in
groups. The children that are ready to move ahead in certain areas can do so and the children that
need a little additional help can also get that.
LESSON 1
1. Which of the following would result in a decrease in cash flow and a use of cash?
A. A decrease in notes payable
B. An increase in long-term debt
C.A decrease in inventory
D. A decrease in common stock
2. In the United States, for the 2007 tax year, federal corporate income tax rates never exceeded an average rate of
A. 15%. C. 39%.
B. 35%. D. 34%.
3. A firm has assets of $60,000 and owners’ equity of $33,000. Which of the following is the correct balance of the firm’s liabilities?
A. $33,000 C. $93,000
B. $27,000 D. $60,000
4. Which of the following would result in an increase in cash flow and a source of cash?
A. A decrease in notes payable
B. A decrease in long-term debt
C. An increase in inventory
D. An increase in common stock
5. A firm has current assets of $10,000 and current liabilities of $7,000. Which of the following is the correct net working capital for the firm?
A. $10,000 C. $3,000
B. $7,000 D. $13,000
6. If a firm has an accounts receivable balance of $18,800 at the end of 2007 and $16,500 at the end of 2008, which of the following statements about accounts receivable is correct?
A. Accounts receivable decreased by $2,300 and represented a use of cash.
B. Accounts receivable increased by $2,300 and represented a source of cash.
C. Accounts receivable decreased by $2,300 and represented a source of cash.
D. Accounts receivable increased by $2,300 an.
1. Which one of the following terms is defined as a conflict of inte.docxmansonagnus
1. Which one of the following terms is defined as a conflict of interest between the corporate shareholders and the corporate managers?
A.
articles of incorporation
B.
corporate breakdown
C.
agency problem
D.
bylaws
E.
legal liability
2. Which of the following questions are addressed by financial managers?
I. How should a product be marketed?
II. Should customers be given 30 or 45 days to pay for their credit purchases?
III. Should the firm borrow more money?
IV. Should the firm acquire new equipment?
A.
I and IV only
B.
II and III only
C.
I, II, and III only
D.
II, III, and IV only
E.
I, II, III, and IV
3. Which one of the following is a capital budgeting decision?
A.
determining how many shares of stock to issue
B.
deciding whether or not to purchase a new machine for the production line
C.
deciding how to refinance a debt issue that is maturing
D.
determining how much inventory to keep on hand
E.
determining how much money should be kept in the checking account
4. Decisions made by financial managers should primarily focus on increasing which one of the following?
A.
size of the firm
B.
growth rate of the firm
C.
gross profit per unit produced
D.
market value per share of outstanding stock
E.
total sales
5. Essay
List and briefly describe the three general areas of responsibility for a financial manager.
Section II: Financial Statements, Taxes and Cash Flow
6. The book value of a firm is:
A.
equivalent to the firm's market value provided that the firm has some fixed assets.
B.
based on historical cost.
C.
generally greater than the market value when fixed assets are included.
D.
more of a financial than an accounting valuation.
E.
adjusted to the market value whenever the market value exceeds the stated book value.
7. Which of the following are expenses for accounting purposes but are not operating cash flows for financial purposes?
I. interest expense
II. taxes
III. costs of goods sold
IV. depreciation
A.
IV only
B.
II and IV only
C.
I and III only
D.
I and IV only
E.
I, II, and IV only
8. A firm has $520 in inventory, $1,860 in fixed assets, $190 in accounts receivables, $210 in accounts payable, and $70 in cash. What is the amount of the current assets?
A.
$710
B.
$780
C.
$990
D.
$2,430
E.
$2,640
9. Crandall Oil has total sales of $1,349,800 and costs of $903,500. Depreciation is $42,700 and the tax rate is 34 percent. The firm does not have any interest expense. What is the operating cash flow?
A.
$129,152
B.
$171,852
C.
$179,924
D.
$281,417
E.
$309,076
10.
What is the change in the net working capital from 2010 to 2011?
A.
-$1,194
B.
$1,306
C.
$1,887
D.
$4,780
E.
$5,172
11.
Relationships determined from a firm's financial information and used for comparison purposes are known as:
A.
financial ratios.
B.
identities.
C.
dimensional analysis.
D.
scenario analysis.
E.
solvency analysis.
12.
According.
Corporate Finance, Part 1 1. Break-even analysis requires .docxvanesaburnand
Corporate Finance, Part 1
1. Break-even analysis requires knowing the relationship between
A. sales and total costs.
B. sales and earnings.
C. sales and assets.
D. total revenues and fixed costs.
2. Break-even analysis is concerned with the relationship between
A. dividends and retained earnings.
B. total costs and revenues.
C. debt and equity.
D. financial leverage and risk.
3. Which of the following is a correct statement about operating leverage?
A. Operating leverage is associated with less risk and more certainty.
B. Operating leverage results from use of fixed instead of variable cost.
C. Operating leverage results from using debt financing.
D. Operating leverage is affected by the demand for the product.
4. A product sells for $2 per unit. If fixed costs are $200 and variable costs are $1 per
unit, what is the
break-even level of output?
A. 150 units
B. 100 units
C. 50 units
D. 200 units
5. Which of the following situations would provide corporate management with the
strongest rationale to
carry forward current-year losses?
A. Early in his first term this year, the President of the United States initiated legislation and signed
into law a significant increase
in income tax rates.
B. Management projects taxable income to remain unchanged over the next five years.
C. Management projects pre-tax losses over the next two years, and possibly even four years into the
future.
D. Congress just passed a very popular bill that reduces marginal federal income tax rates.
6. Which of the following is an advantage of a corporation?
A. Elimination of double taxation
B. Ease of formation
C. Permanence
D. Dilution of ownership
7. Which of the following is a correct statement about corporate losses?
A. They are carried forward to future years.
B. They are carried forward three years and then carried back.
C. They are carried back three years and then carried forward.
D. They offset other sources of income in prior years.
8. The greater the degree of operating leverage, the larger is the variability of
A. operating income.
B. revenues.
C. interest.
D. debt financing.
9. If Sam's Diner has an EBIT of $350,000, what are the diner's net earnings after paying
$50,000 in taxes
and $34,000 in interest?
A. $434,000
B. $266,000
C. $334,000
D. $311,000
10. If a firm substitutes fixed for variable costs, which of the following will occur?
A. The degree of operating leverage will be increased.
B. The profits will always be higher.
C. The use of financial leverage will be increased.
D. The break-even level of output will be reduced.
11. Which of the following tends to vary spontaneously with changes in the level of
sales?
A. Plant
B. Accounts payable
C. Long-term debt
D. Paid-in capital
12. Which of the following is usually a variable expense?
A. Salaries
B. Rent
C. Insurance premiums
D. Wages
13. Which of these situations offers the be.
1. A company receives a note payable for $3,500 at 9 for 45 day.docxjackiewalcutt
1. A company receives a note payable for $3,500 at 9% for 45 days. How much interest (to the nearest cent) will the customer owe using a 360-day year?
A. $315.00
B. $354.38
C. $38.84
D. $39.38
2. Using a 360-day year, the maturity value of a 69-day note for $1,500 at 7% annual interest is (rounded to the nearest cent)
A. $1,584,88.
B. $1,605.00.
C. $20.13.
D. $1,520.13.
3. Tammy Industries inadvertently debited a $5,000 betterment as an ordinary expense. Which of the following will occur as a result of this mistake?
A. Retained earnings will be overstated by $5,000.
B. The asset will be overstated by $5,000.
C. The asset will be understated by $5,000.
D. Net income will be overstated by $5,000.
4. Which of the following would not be considered a contingent liability?
A. Pending legal action
B. Potential fines from the EPA
C. Cosigning a loan
D. Mortgage payable
5. Which of the following would indicate poor internal control over accounts receivable?
A. The same person handling cash receipts also records the accounts receivable transactions.
B. The person who handles accounts receivable wouldn't write off accounts as uncollectable.
C. The person handling cash receipts passes the receipts to someone who enters them into accounts receivable.
D. The mailroom employees open the mail and give the cash receipts to another employee.
6. If the amount extracted from a coal mine was different every year for four years, you would
A. debit depletion expense for the same amount each year.
B. credit accumulated depletion—coal mine for the same amount each year.
C. recompute the depletion expense rate per unit each year.
D. use the same depletion expense rate per unit each year.
7. Margaret is a customer of Tammy Company. The company wrote off her account of $1,200 on August 15. On October 12, she sent in a payment of $560. What will Tammy Company record first to reinstate her account?
A. Debit Uncollectible Accounts Expense; credit Accounts Receivable/Margaret.
B. Debit Cash; credit Accounts Receivable/Margaret.
C. Debit Accounts Receivable/Margaret; credit Allowance for Doubtful Accounts.
D. Debit Allowance for Doubtful Accounts; credit Accounts Receivable/Margaret.
8. Which of the following would be considered a cash equivalent?
A. Checks
B. Currency
C. Time deposits
D. Money orders
9. A company purchased furniture on January 1, 2012. Its cost was $15,600, and it had a residual value of $1,600. Its useful life is determined to be three years. Using double-declining balance depreciation, the depreciation for 2012 to the nearest dollar will be
A. $4,667.
B. $10,400.
C. $9,333.
D. $5,200.
10. A warranty is an example of a/an _______ liability.
A. known
B. estimated
C. contingent
D. settled
11. Research and development costs (R&D) are generally
A. listed as "long-term assets" on the balance sheet.
B. listed as "current assets" on the balance sheet.
C. listed as "other intangibles" on the balance s ...
1. What is the future value of an ordinary annuity if you depo.docxpaynetawnya
1. What is the future value of an ordinary annuity if you deposit $500 per year for the next 10 years in an account that
earns an interest rate of 4 percent annually?
A. $1,700
B. $5,263
C. $5,000
D. $6,003
2. If an account has an annual interest rate of 6 percent, what is the present value of $1,000,000 to be received 10
years from today?
A. $558,395
B. $356,984
C. $1,790,848
D. $789,633
3. What is the future value of an annuity due if you deposit $1,500 per year for the next 5 years into an account that earns an interest
rate of 5 percent annually?
A. $7,500
B. $11,914
C. $8,703
D. $8,288
4. A current ratio is presently 2 : 1 for a corporation that sells sporting goods. Which of the following statements about
the ratio is correct?
A. The quick ratio is smaller than the current ratio.
B. The current ratio is unchanged by using cash to retire accounts payable.
C. The current ratio is affected by exchanging bonds for stock.
D. The current ratio is increased by purchasing a store with cash, with potential to increase corporate sales.
5. The reserves of commercial banks must be held against
A. losses.
B. the bank as equity.
C. commercial loans.
D. savings deposits
6. When investing in securities, an investor may place a limit order that
A. specifies when the stock will be purchased.
B. establishes the exchange on which the security is to be bought or sold.
C. states a price at which the investor seeks to buy or sell the stock.
D. limits the amount of commissions.
7. What is a nation's cash inflow or outflow on its current account given the following information? Imports $145
Direct investments abroad $72 Foreign purchase of domestic securities $86 Net income from foreign investments $37
Exports $211 Foreign investments in country $143 Purchase of foreign securities $29 Government spending abroad
$22
A. Outflow of $81
B. Inflow of $128
C. Outflow of $128
D. Inflow of $81
8. Which of the following best explains a potential disadvantage of leaving securities in street name?
A. Securities held in street name become the property of the custodian and the customer is only beneficiary of the
securities.
B. Securities held in street name can't be quickly purchased or sold.
C. Correspondence sent by securities issuers may not be forwarded to brokerage clients who own securities held in
street name.
D. In the event of class action suits against securities issuers, the custodian, not the beneficial owner (customer), is the
only party that may benefit from court orders.
9. Entering an order to sell stock at $17 when the bid is $18 to $19 is an example of a
A. market order.
B. short sale.
C. margin payment.
D. limit order.
10. If an individual buys stock on margin and its price rises, the investor
A. may take delivery of the stock.
B. must put up additional collateral.
C. must pay tax on the unrealized gai ...
Webster’s dictionary defines synthesisas The combining of separa.docxmelbruce90096
Webster’s dictionary defines synthesisas: “The combining of separate elements or substances to form a coherent whole”. Throughout the journals in this course you will have the opportunity to synthesize each chapter, or, as Webster would say, combine elements of the chapter you think were especially poignant to form a short paragraph that captures it as a whole. Your synthesis of Chapter Two should be between 200-300 words, be written in only your words (i.e., no quotes, paraphrase, etc.), and capture the essence (essential points) of the chapter concepts.
After reading Chapter 2, I am more aware of how important it is to make sure that all children
have the opportunity to learn in all the different categories of styles. All children are different
and come from different backgrounds and lifestyles therefore it is up to the teacher to really get
to know who he/she is teaching so that lesson plans can be completed to fit every student. Even
though students learn at different levels they can all finish a school year in the same place if the
teacher stays on top of things. Part of planning lessons is to know what interests your students
and then plan from there. The curriculum is set at the beginning of the year for the grade levels
but the teacher can change things around to make it more interesting for the students and keep
them focused. In am big on students working in groups reason being is that they can excel in
groups. The children that are ready to move ahead in certain areas can do so and the children that
need a little additional help can also get that.
LESSON 1
1. Which of the following would result in a decrease in cash flow and a use of cash?
A. A decrease in notes payable
B. An increase in long-term debt
C.A decrease in inventory
D. A decrease in common stock
2. In the United States, for the 2007 tax year, federal corporate income tax rates never exceeded an average rate of
A. 15%. C. 39%.
B. 35%. D. 34%.
3. A firm has assets of $60,000 and owners’ equity of $33,000. Which of the following is the correct balance of the firm’s liabilities?
A. $33,000 C. $93,000
B. $27,000 D. $60,000
4. Which of the following would result in an increase in cash flow and a source of cash?
A. A decrease in notes payable
B. A decrease in long-term debt
C. An increase in inventory
D. An increase in common stock
5. A firm has current assets of $10,000 and current liabilities of $7,000. Which of the following is the correct net working capital for the firm?
A. $10,000 C. $3,000
B. $7,000 D. $13,000
6. If a firm has an accounts receivable balance of $18,800 at the end of 2007 and $16,500 at the end of 2008, which of the following statements about accounts receivable is correct?
A. Accounts receivable decreased by $2,300 and represented a use of cash.
B. Accounts receivable increased by $2,300 and represented a source of cash.
C. Accounts receivable decreased by $2,300 and represented a source of cash.
D. Accounts receivable increased by $2,300 an.
1. Which one of the following terms is defined as a conflict of inte.docxmansonagnus
1. Which one of the following terms is defined as a conflict of interest between the corporate shareholders and the corporate managers?
A.
articles of incorporation
B.
corporate breakdown
C.
agency problem
D.
bylaws
E.
legal liability
2. Which of the following questions are addressed by financial managers?
I. How should a product be marketed?
II. Should customers be given 30 or 45 days to pay for their credit purchases?
III. Should the firm borrow more money?
IV. Should the firm acquire new equipment?
A.
I and IV only
B.
II and III only
C.
I, II, and III only
D.
II, III, and IV only
E.
I, II, III, and IV
3. Which one of the following is a capital budgeting decision?
A.
determining how many shares of stock to issue
B.
deciding whether or not to purchase a new machine for the production line
C.
deciding how to refinance a debt issue that is maturing
D.
determining how much inventory to keep on hand
E.
determining how much money should be kept in the checking account
4. Decisions made by financial managers should primarily focus on increasing which one of the following?
A.
size of the firm
B.
growth rate of the firm
C.
gross profit per unit produced
D.
market value per share of outstanding stock
E.
total sales
5. Essay
List and briefly describe the three general areas of responsibility for a financial manager.
Section II: Financial Statements, Taxes and Cash Flow
6. The book value of a firm is:
A.
equivalent to the firm's market value provided that the firm has some fixed assets.
B.
based on historical cost.
C.
generally greater than the market value when fixed assets are included.
D.
more of a financial than an accounting valuation.
E.
adjusted to the market value whenever the market value exceeds the stated book value.
7. Which of the following are expenses for accounting purposes but are not operating cash flows for financial purposes?
I. interest expense
II. taxes
III. costs of goods sold
IV. depreciation
A.
IV only
B.
II and IV only
C.
I and III only
D.
I and IV only
E.
I, II, and IV only
8. A firm has $520 in inventory, $1,860 in fixed assets, $190 in accounts receivables, $210 in accounts payable, and $70 in cash. What is the amount of the current assets?
A.
$710
B.
$780
C.
$990
D.
$2,430
E.
$2,640
9. Crandall Oil has total sales of $1,349,800 and costs of $903,500. Depreciation is $42,700 and the tax rate is 34 percent. The firm does not have any interest expense. What is the operating cash flow?
A.
$129,152
B.
$171,852
C.
$179,924
D.
$281,417
E.
$309,076
10.
What is the change in the net working capital from 2010 to 2011?
A.
-$1,194
B.
$1,306
C.
$1,887
D.
$4,780
E.
$5,172
11.
Relationships determined from a firm's financial information and used for comparison purposes are known as:
A.
financial ratios.
B.
identities.
C.
dimensional analysis.
D.
scenario analysis.
E.
solvency analysis.
12.
According.
Corporate Finance, Part 1 1. Break-even analysis requires .docxvanesaburnand
Corporate Finance, Part 1
1. Break-even analysis requires knowing the relationship between
A. sales and total costs.
B. sales and earnings.
C. sales and assets.
D. total revenues and fixed costs.
2. Break-even analysis is concerned with the relationship between
A. dividends and retained earnings.
B. total costs and revenues.
C. debt and equity.
D. financial leverage and risk.
3. Which of the following is a correct statement about operating leverage?
A. Operating leverage is associated with less risk and more certainty.
B. Operating leverage results from use of fixed instead of variable cost.
C. Operating leverage results from using debt financing.
D. Operating leverage is affected by the demand for the product.
4. A product sells for $2 per unit. If fixed costs are $200 and variable costs are $1 per
unit, what is the
break-even level of output?
A. 150 units
B. 100 units
C. 50 units
D. 200 units
5. Which of the following situations would provide corporate management with the
strongest rationale to
carry forward current-year losses?
A. Early in his first term this year, the President of the United States initiated legislation and signed
into law a significant increase
in income tax rates.
B. Management projects taxable income to remain unchanged over the next five years.
C. Management projects pre-tax losses over the next two years, and possibly even four years into the
future.
D. Congress just passed a very popular bill that reduces marginal federal income tax rates.
6. Which of the following is an advantage of a corporation?
A. Elimination of double taxation
B. Ease of formation
C. Permanence
D. Dilution of ownership
7. Which of the following is a correct statement about corporate losses?
A. They are carried forward to future years.
B. They are carried forward three years and then carried back.
C. They are carried back three years and then carried forward.
D. They offset other sources of income in prior years.
8. The greater the degree of operating leverage, the larger is the variability of
A. operating income.
B. revenues.
C. interest.
D. debt financing.
9. If Sam's Diner has an EBIT of $350,000, what are the diner's net earnings after paying
$50,000 in taxes
and $34,000 in interest?
A. $434,000
B. $266,000
C. $334,000
D. $311,000
10. If a firm substitutes fixed for variable costs, which of the following will occur?
A. The degree of operating leverage will be increased.
B. The profits will always be higher.
C. The use of financial leverage will be increased.
D. The break-even level of output will be reduced.
11. Which of the following tends to vary spontaneously with changes in the level of
sales?
A. Plant
B. Accounts payable
C. Long-term debt
D. Paid-in capital
12. Which of the following is usually a variable expense?
A. Salaries
B. Rent
C. Insurance premiums
D. Wages
13. Which of these situations offers the be.
1. A company receives a note payable for $3,500 at 9 for 45 day.docxjackiewalcutt
1. A company receives a note payable for $3,500 at 9% for 45 days. How much interest (to the nearest cent) will the customer owe using a 360-day year?
A. $315.00
B. $354.38
C. $38.84
D. $39.38
2. Using a 360-day year, the maturity value of a 69-day note for $1,500 at 7% annual interest is (rounded to the nearest cent)
A. $1,584,88.
B. $1,605.00.
C. $20.13.
D. $1,520.13.
3. Tammy Industries inadvertently debited a $5,000 betterment as an ordinary expense. Which of the following will occur as a result of this mistake?
A. Retained earnings will be overstated by $5,000.
B. The asset will be overstated by $5,000.
C. The asset will be understated by $5,000.
D. Net income will be overstated by $5,000.
4. Which of the following would not be considered a contingent liability?
A. Pending legal action
B. Potential fines from the EPA
C. Cosigning a loan
D. Mortgage payable
5. Which of the following would indicate poor internal control over accounts receivable?
A. The same person handling cash receipts also records the accounts receivable transactions.
B. The person who handles accounts receivable wouldn't write off accounts as uncollectable.
C. The person handling cash receipts passes the receipts to someone who enters them into accounts receivable.
D. The mailroom employees open the mail and give the cash receipts to another employee.
6. If the amount extracted from a coal mine was different every year for four years, you would
A. debit depletion expense for the same amount each year.
B. credit accumulated depletion—coal mine for the same amount each year.
C. recompute the depletion expense rate per unit each year.
D. use the same depletion expense rate per unit each year.
7. Margaret is a customer of Tammy Company. The company wrote off her account of $1,200 on August 15. On October 12, she sent in a payment of $560. What will Tammy Company record first to reinstate her account?
A. Debit Uncollectible Accounts Expense; credit Accounts Receivable/Margaret.
B. Debit Cash; credit Accounts Receivable/Margaret.
C. Debit Accounts Receivable/Margaret; credit Allowance for Doubtful Accounts.
D. Debit Allowance for Doubtful Accounts; credit Accounts Receivable/Margaret.
8. Which of the following would be considered a cash equivalent?
A. Checks
B. Currency
C. Time deposits
D. Money orders
9. A company purchased furniture on January 1, 2012. Its cost was $15,600, and it had a residual value of $1,600. Its useful life is determined to be three years. Using double-declining balance depreciation, the depreciation for 2012 to the nearest dollar will be
A. $4,667.
B. $10,400.
C. $9,333.
D. $5,200.
10. A warranty is an example of a/an _______ liability.
A. known
B. estimated
C. contingent
D. settled
11. Research and development costs (R&D) are generally
A. listed as "long-term assets" on the balance sheet.
B. listed as "current assets" on the balance sheet.
C. listed as "other intangibles" on the balance s ...
1. What is the future value of an ordinary annuity if you depo.docxpaynetawnya
1. What is the future value of an ordinary annuity if you deposit $500 per year for the next 10 years in an account that
earns an interest rate of 4 percent annually?
A. $1,700
B. $5,263
C. $5,000
D. $6,003
2. If an account has an annual interest rate of 6 percent, what is the present value of $1,000,000 to be received 10
years from today?
A. $558,395
B. $356,984
C. $1,790,848
D. $789,633
3. What is the future value of an annuity due if you deposit $1,500 per year for the next 5 years into an account that earns an interest
rate of 5 percent annually?
A. $7,500
B. $11,914
C. $8,703
D. $8,288
4. A current ratio is presently 2 : 1 for a corporation that sells sporting goods. Which of the following statements about
the ratio is correct?
A. The quick ratio is smaller than the current ratio.
B. The current ratio is unchanged by using cash to retire accounts payable.
C. The current ratio is affected by exchanging bonds for stock.
D. The current ratio is increased by purchasing a store with cash, with potential to increase corporate sales.
5. The reserves of commercial banks must be held against
A. losses.
B. the bank as equity.
C. commercial loans.
D. savings deposits
6. When investing in securities, an investor may place a limit order that
A. specifies when the stock will be purchased.
B. establishes the exchange on which the security is to be bought or sold.
C. states a price at which the investor seeks to buy or sell the stock.
D. limits the amount of commissions.
7. What is a nation's cash inflow or outflow on its current account given the following information? Imports $145
Direct investments abroad $72 Foreign purchase of domestic securities $86 Net income from foreign investments $37
Exports $211 Foreign investments in country $143 Purchase of foreign securities $29 Government spending abroad
$22
A. Outflow of $81
B. Inflow of $128
C. Outflow of $128
D. Inflow of $81
8. Which of the following best explains a potential disadvantage of leaving securities in street name?
A. Securities held in street name become the property of the custodian and the customer is only beneficiary of the
securities.
B. Securities held in street name can't be quickly purchased or sold.
C. Correspondence sent by securities issuers may not be forwarded to brokerage clients who own securities held in
street name.
D. In the event of class action suits against securities issuers, the custodian, not the beneficial owner (customer), is the
only party that may benefit from court orders.
9. Entering an order to sell stock at $17 when the bid is $18 to $19 is an example of a
A. market order.
B. short sale.
C. margin payment.
D. limit order.
10. If an individual buys stock on margin and its price rises, the investor
A. may take delivery of the stock.
B. must put up additional collateral.
C. must pay tax on the unrealized gai ...
1. During a recent week, incurred wages were $700. However, $280.docxjackiewalcutt
1. During a recent week, incurred wages were $700. However, $280 of the wages hadn't been paid. The adjusting entry for wages would be
A. debit wages expense, $420; credit wages payable, $420.
B. debit wages payable, 420; credit wages expense, $420.
C. debit wages expense, $280; credit wages payable, $280.
D. debit wages payable, $280; credit wages expense, $280.
2. Rick owns a sporting goods store. In his initial accounting records, he included his personal computer and all of his personal sporting gear. Rick is violating which principle of accounting?
A. Reliability
B. Cost
C. Entity
D. Going concern
3. A T-account has which major parts?
A. A debit side, a credit side, and a total column
B. A title, a debit side, and a credit side
C. A debit side, a credit side, and a balance
D. A title, a current date, and a balance
4. Accounts payable, taxes payable, and notes payable
A. increase on the debit side, decrease on the credit side, and are expenses.
B. increase on the debit side, decrease on the credit side, and are assets.
C. decrease on the debit side, increase on the credit side, and are liabilities.
D. decrease on the debit side, increase on the credit side, and are revenues.
5. The closing entries show a debit to retained earnings of $350 and a credit to retained earnings of $750. There was also a credit to dividends payable of $100. This company had a
A. net income of $400.
B. net loss of $500
C. net loss of $400.
D. net income of $500.
6. Rick lists his building at current replacement value, rather than the price he paid for the building. Which principle is Rick violating?
A. Cost
B. Going concern
C. Entity
D. Reliability
7. Dividends are paid with cash to shareholders. Dividends are in which category of the chart of accounts?
A. Stockholders' equity
B. Liabilities
C. Assets
D. Revenue
8. Which financial statement illustrates the accounting equation?
A. Statement of cash flows
B. Statement of retained earnings
C. Income statement
D. Balance sheet
9. Beginning retained earnings are $65,000; sales are $29,500; expenses are $33,000; and dividends paid are $3,500. How much is the net income or loss for the company?
A. ($7,000)
B. $0
C. $26,000
D. ($3,500)
10. Casey's is famous for its submarine sandwiches. At the end of 2009, Casey's total assets were $345,000, and total liabilities were $129,500. How much was Casey's stockholders' equity?
A. $215,500
B. Some other number
C. $345,000
D. $474,500
11. The adjusted trial balance for supplies was $333. The unadjusted trial balance for supplies was $509. The amount of supplies expense would be a
A. $509 debit.
B. $176 debit.
C. $333 debit.
D. $176 credit.
12. Collecting rent from a client three months in advance would be an example of a/an
A. accrued expense.
B. deferred expense.
C. deferred revenue.
D. accrued revenue.
13. Expenses paid in advance, such as rent and insurance, are classified as prepaid expenses. Into whi ...
Choose one of the following incidents involving religious freedom..docxmccormicknadine86
Choose one of the following incidents involving religious freedom.
1. A Jainist student attending public high school has requested that the cafeteria staff clearly list the contents of each dish so that he can be certain he does not eat any animal products.
2. Native American members of a church want to be allowed to ingest peyote because this drug has historically been part of their religious rituals.
3. Following his baptism, a Sikh student wants to wear his required symbolic knife (kirpan) to school.
4. An employee who is a Seventh-Day Adventist wants to be excused from work every Saturday because it is their Sabbath.
Describe how each of the different perspectives on diversity (Anglo-conformism, melting pot, separatism, and pluralism) would assess the situation.
· Are the individual’s rights to behave in accordance with their faith in danger of being violated?
· How do you think the incident should be resolved?
· Remember to respond to two of your classmates’ initial posts with your own opinions and ideas.
COURSE REVIEW HOMEWORK
(
MULTIPLE CHOICE. Choose the one alternative that best answers the question.
)
1. Which of the following appears to be the most appropriate goal for corporate management?
A) Maximizing the company's market share.
B) Minimizing the company's liabilities.
C) Maximizing the current profits of the company.
D) Maximizing market value of the company's shares.
2. Corporate managers are expected to make corporate decisions that are in the best interest of:
A) top corporate management.
B) the corporation's board of directors.
C) the corporation's shareholders.
D) all corporate employees.
3. Which one of the following can best be characterized as an agency problem?
A) Having a higher than industry average rate of defects on the firm's products.
B) Differing opinions among directors as to the merits of paying a higher dividend.
C) Management dispute over which accounting firm to use.
D) Differing incentives between managers and owners.
4. A primary market would be utilized when:
A) shares of common stock are exchanged.
B) a commission must be paid on the transaction.
C) securities are initially issued.
D) investors buy or sell existing securities.
5. The primary distinction between securities sold in the primary and secondary markets is:
A) the riskiness of the securities.
B) whether the securities are new or already exist.
C) the price of the securities.
D) the profitability of the issuing corporation.
6. Assume the total expense for your current year in college equals $20,000. How much would your parents have needed to invest 21 years ago in an account paying 8% compounded annually to cover this amount?
A) $1,728.08
B) $2,952.46
C) $3,973.12
D) $1,600.00
7. Approximately how much must you have saved by retirement if you want to withdraw $100,000 for 25 years if your account earns 9% annually and the first withdrawal occurs one year after retiring?
A) $982,258
B) $887,320
C) $1,128,433
D) $925,667
...
Choose one of the following incidents involving religious freedom..docxnancy1113
Choose one of the following incidents involving religious freedom.
1. A Jainist student attending public high school has requested that the cafeteria staff clearly list the contents of each dish so that he can be certain he does not eat any animal products.
2. Native American members of a church want to be allowed to ingest peyote because this drug has historically been part of their religious rituals.
3. Following his baptism, a Sikh student wants to wear his required symbolic knife (kirpan) to school.
4. An employee who is a Seventh-Day Adventist wants to be excused from work every Saturday because it is their Sabbath.
Describe how each of the different perspectives on diversity (Anglo-conformism, melting pot, separatism, and pluralism) would assess the situation.
· Are the individual’s rights to behave in accordance with their faith in danger of being violated?
· How do you think the incident should be resolved?
· Remember to respond to two of your classmates’ initial posts with your own opinions and ideas.
COURSE REVIEW HOMEWORK
(
MULTIPLE CHOICE. Choose the one alternative that best answers the question.
)
1. Which of the following appears to be the most appropriate goal for corporate management?
A) Maximizing the company's market share.
B) Minimizing the company's liabilities.
C) Maximizing the current profits of the company.
D) Maximizing market value of the company's shares.
2. Corporate managers are expected to make corporate decisions that are in the best interest of:
A) top corporate management.
B) the corporation's board of directors.
C) the corporation's shareholders.
D) all corporate employees.
3. Which one of the following can best be characterized as an agency problem?
A) Having a higher than industry average rate of defects on the firm's products.
B) Differing opinions among directors as to the merits of paying a higher dividend.
C) Management dispute over which accounting firm to use.
D) Differing incentives between managers and owners.
4. A primary market would be utilized when:
A) shares of common stock are exchanged.
B) a commission must be paid on the transaction.
C) securities are initially issued.
D) investors buy or sell existing securities.
5. The primary distinction between securities sold in the primary and secondary markets is:
A) the riskiness of the securities.
B) whether the securities are new or already exist.
C) the price of the securities.
D) the profitability of the issuing corporation.
6. Assume the total expense for your current year in college equals $20,000. How much would your parents have needed to invest 21 years ago in an account paying 8% compounded annually to cover this amount?
A) $1,728.08
B) $2,952.46
C) $3,973.12
D) $1,600.00
7. Approximately how much must you have saved by retirement if you want to withdraw $100,000 for 25 years if your account earns 9% annually and the first withdrawal occurs one year after retiring?
A) $982,258
B) $887,320
C) $1,128,433
D) $925,667
.
Answer the following questions in a minimum of 1-2 paragraphs ea.docxSHIVA101531
Answer the following questions in a minimum of
1-2 paragraphs
each. Be sure to explain your answers and give reasons for your views.
When you talk about the meaning of life, which sense of the term do you use-- external meaning or internal meaning?
What bearing, if any, does the ephemeral nature of our existence have on the question of whether life has meaning? Does the fact that we die negate the possibility of meaning in life?
Is Schopenhauer right about the meaninglessness of life? Does the wretchedness of our existence show that life has no meaning?
Note:
All journal entries must be submitted as attachments (
in Microsoft Word format
) in order to generate an originality report.
.
Answer the following questions using scholarly sources as references.docxSHIVA101531
Answer the following questions using scholarly sources as references. Add references at the end of the page.
Answer each question with at least 300 words counter.
1.What is your assessment of Frantz Fanon's argument that “The wealth of the imperialist nations is also our wealth”? Do you believe "developed nations" owe some form of reparations to colonized peoples?
2.How would you account for revolutionaries in Spain such as the CNT and FAI having more success than in other European countries leading up to 1936?
3.How you can you account for the outcome of the Russian Revolution?
4.Why do you think that acts of violence against tyrannical leaders in the era did not inspire the masses to rise up in revolution?
.
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1. During a recent week, incurred wages were $700. However, $280 of the wages hadn't been paid. The adjusting entry for wages would be
A. debit wages expense, $420; credit wages payable, $420.
B. debit wages payable, 420; credit wages expense, $420.
C. debit wages expense, $280; credit wages payable, $280.
D. debit wages payable, $280; credit wages expense, $280.
2. Rick owns a sporting goods store. In his initial accounting records, he included his personal computer and all of his personal sporting gear. Rick is violating which principle of accounting?
A. Reliability
B. Cost
C. Entity
D. Going concern
3. A T-account has which major parts?
A. A debit side, a credit side, and a total column
B. A title, a debit side, and a credit side
C. A debit side, a credit side, and a balance
D. A title, a current date, and a balance
4. Accounts payable, taxes payable, and notes payable
A. increase on the debit side, decrease on the credit side, and are expenses.
B. increase on the debit side, decrease on the credit side, and are assets.
C. decrease on the debit side, increase on the credit side, and are liabilities.
D. decrease on the debit side, increase on the credit side, and are revenues.
5. The closing entries show a debit to retained earnings of $350 and a credit to retained earnings of $750. There was also a credit to dividends payable of $100. This company had a
A. net income of $400.
B. net loss of $500
C. net loss of $400.
D. net income of $500.
6. Rick lists his building at current replacement value, rather than the price he paid for the building. Which principle is Rick violating?
A. Cost
B. Going concern
C. Entity
D. Reliability
7. Dividends are paid with cash to shareholders. Dividends are in which category of the chart of accounts?
A. Stockholders' equity
B. Liabilities
C. Assets
D. Revenue
8. Which financial statement illustrates the accounting equation?
A. Statement of cash flows
B. Statement of retained earnings
C. Income statement
D. Balance sheet
9. Beginning retained earnings are $65,000; sales are $29,500; expenses are $33,000; and dividends paid are $3,500. How much is the net income or loss for the company?
A. ($7,000)
B. $0
C. $26,000
D. ($3,500)
10. Casey's is famous for its submarine sandwiches. At the end of 2009, Casey's total assets were $345,000, and total liabilities were $129,500. How much was Casey's stockholders' equity?
A. $215,500
B. Some other number
C. $345,000
D. $474,500
11. The adjusted trial balance for supplies was $333. The unadjusted trial balance for supplies was $509. The amount of supplies expense would be a
A. $509 debit.
B. $176 debit.
C. $333 debit.
D. $176 credit.
12. Collecting rent from a client three months in advance would be an example of a/an
A. accrued expense.
B. deferred expense.
C. deferred revenue.
D. accrued revenue.
13. Expenses paid in advance, such as rent and insurance, are classified as prepaid expenses. Into whi ...
Choose one of the following incidents involving religious freedom..docxmccormicknadine86
Choose one of the following incidents involving religious freedom.
1. A Jainist student attending public high school has requested that the cafeteria staff clearly list the contents of each dish so that he can be certain he does not eat any animal products.
2. Native American members of a church want to be allowed to ingest peyote because this drug has historically been part of their religious rituals.
3. Following his baptism, a Sikh student wants to wear his required symbolic knife (kirpan) to school.
4. An employee who is a Seventh-Day Adventist wants to be excused from work every Saturday because it is their Sabbath.
Describe how each of the different perspectives on diversity (Anglo-conformism, melting pot, separatism, and pluralism) would assess the situation.
· Are the individual’s rights to behave in accordance with their faith in danger of being violated?
· How do you think the incident should be resolved?
· Remember to respond to two of your classmates’ initial posts with your own opinions and ideas.
COURSE REVIEW HOMEWORK
(
MULTIPLE CHOICE. Choose the one alternative that best answers the question.
)
1. Which of the following appears to be the most appropriate goal for corporate management?
A) Maximizing the company's market share.
B) Minimizing the company's liabilities.
C) Maximizing the current profits of the company.
D) Maximizing market value of the company's shares.
2. Corporate managers are expected to make corporate decisions that are in the best interest of:
A) top corporate management.
B) the corporation's board of directors.
C) the corporation's shareholders.
D) all corporate employees.
3. Which one of the following can best be characterized as an agency problem?
A) Having a higher than industry average rate of defects on the firm's products.
B) Differing opinions among directors as to the merits of paying a higher dividend.
C) Management dispute over which accounting firm to use.
D) Differing incentives between managers and owners.
4. A primary market would be utilized when:
A) shares of common stock are exchanged.
B) a commission must be paid on the transaction.
C) securities are initially issued.
D) investors buy or sell existing securities.
5. The primary distinction between securities sold in the primary and secondary markets is:
A) the riskiness of the securities.
B) whether the securities are new or already exist.
C) the price of the securities.
D) the profitability of the issuing corporation.
6. Assume the total expense for your current year in college equals $20,000. How much would your parents have needed to invest 21 years ago in an account paying 8% compounded annually to cover this amount?
A) $1,728.08
B) $2,952.46
C) $3,973.12
D) $1,600.00
7. Approximately how much must you have saved by retirement if you want to withdraw $100,000 for 25 years if your account earns 9% annually and the first withdrawal occurs one year after retiring?
A) $982,258
B) $887,320
C) $1,128,433
D) $925,667
...
Choose one of the following incidents involving religious freedom..docxnancy1113
Choose one of the following incidents involving religious freedom.
1. A Jainist student attending public high school has requested that the cafeteria staff clearly list the contents of each dish so that he can be certain he does not eat any animal products.
2. Native American members of a church want to be allowed to ingest peyote because this drug has historically been part of their religious rituals.
3. Following his baptism, a Sikh student wants to wear his required symbolic knife (kirpan) to school.
4. An employee who is a Seventh-Day Adventist wants to be excused from work every Saturday because it is their Sabbath.
Describe how each of the different perspectives on diversity (Anglo-conformism, melting pot, separatism, and pluralism) would assess the situation.
· Are the individual’s rights to behave in accordance with their faith in danger of being violated?
· How do you think the incident should be resolved?
· Remember to respond to two of your classmates’ initial posts with your own opinions and ideas.
COURSE REVIEW HOMEWORK
(
MULTIPLE CHOICE. Choose the one alternative that best answers the question.
)
1. Which of the following appears to be the most appropriate goal for corporate management?
A) Maximizing the company's market share.
B) Minimizing the company's liabilities.
C) Maximizing the current profits of the company.
D) Maximizing market value of the company's shares.
2. Corporate managers are expected to make corporate decisions that are in the best interest of:
A) top corporate management.
B) the corporation's board of directors.
C) the corporation's shareholders.
D) all corporate employees.
3. Which one of the following can best be characterized as an agency problem?
A) Having a higher than industry average rate of defects on the firm's products.
B) Differing opinions among directors as to the merits of paying a higher dividend.
C) Management dispute over which accounting firm to use.
D) Differing incentives between managers and owners.
4. A primary market would be utilized when:
A) shares of common stock are exchanged.
B) a commission must be paid on the transaction.
C) securities are initially issued.
D) investors buy or sell existing securities.
5. The primary distinction between securities sold in the primary and secondary markets is:
A) the riskiness of the securities.
B) whether the securities are new or already exist.
C) the price of the securities.
D) the profitability of the issuing corporation.
6. Assume the total expense for your current year in college equals $20,000. How much would your parents have needed to invest 21 years ago in an account paying 8% compounded annually to cover this amount?
A) $1,728.08
B) $2,952.46
C) $3,973.12
D) $1,600.00
7. Approximately how much must you have saved by retirement if you want to withdraw $100,000 for 25 years if your account earns 9% annually and the first withdrawal occurs one year after retiring?
A) $982,258
B) $887,320
C) $1,128,433
D) $925,667
.
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Answer the following questions in a minimum of 1-2 paragraphs ea.docxSHIVA101531
Answer the following questions in a minimum of
1-2 paragraphs
each. Be sure to explain your answers and give reasons for your views.
When you talk about the meaning of life, which sense of the term do you use-- external meaning or internal meaning?
What bearing, if any, does the ephemeral nature of our existence have on the question of whether life has meaning? Does the fact that we die negate the possibility of meaning in life?
Is Schopenhauer right about the meaninglessness of life? Does the wretchedness of our existence show that life has no meaning?
Note:
All journal entries must be submitted as attachments (
in Microsoft Word format
) in order to generate an originality report.
.
Answer the following questions using scholarly sources as references.docxSHIVA101531
Answer the following questions using scholarly sources as references. Add references at the end of the page.
Answer each question with at least 300 words counter.
1.What is your assessment of Frantz Fanon's argument that “The wealth of the imperialist nations is also our wealth”? Do you believe "developed nations" owe some form of reparations to colonized peoples?
2.How would you account for revolutionaries in Spain such as the CNT and FAI having more success than in other European countries leading up to 1936?
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Answer the following questions about this case study:
Client with Pneumonia
Mr Edwards is a 75 yr old man who has a history of chronic obstructive pulmonary disease for the last two years. He continues to smoke ½ pack of cigarettes a day and does not participate in any exercise regimen and must do self-care activities slowly because of fatigue. He does not see any reason to increase his fluid intake. Presently, he is admitted for right upper lobe pneumonia and reports having an intermittent cough that produces thick, yellow sputum. He has more episodes of coughing when lying flat. He is married and his wife, Kathy is at his bedside.
Assessment
Mr Edwards SpO2 ranges from 78%-84%, and currently this am is 84%. His other vital signs are T 101.4F, HR 102/min, RR 30/min, BP 130/90mmHg. He is chilled and has had some diaphoresis. He reports that his ribs are sore and that his mouth is dry. Upon inspection, Mr Edwards mucous membranes are dry, as is his skin. Crackles are auscultated in the lower lobes bilaterally. His sputum is thick, and a yellow to yellow green in color. His health care provider has told him that if he gradually increases his exercise, drinks more fluids and stops smoking, his respiratory status will improve. He is lying in a semi-fowlers position in bed.
What relevant assessment data would you cluster to support a nursing diagnosis?
What priority nursing diagnosis would you identify for this patient? List five and give both Problem focused and Risk for nursing diagnoses.
What short term goal would you identify for the priority nursing diagnosis you identified? What long term goal would you identify?
List all the nursing interventions that you would perform for identified goals and nursing diagnosis. Give a rationale for each.
If you implemented all of the identified interventions, how would you evaluate that your interventions were successful and that the goals were met?
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Answer the following questions using art vocabulary and ideas from L.docxSHIVA101531
Answer the following questions using art vocabulary and ideas from Lectures 2, 3, & 4 and Chapter 2 in your textbook. Please make
sure each answer is thoughtful, edited for grammar and spelling errors, and
at least
4-5
COMPLETE
sentences. Also, be as
specific as possible and
use examples to support EVERY statement. Write your answers in your own words (not taken
directly from your readings or outside resources).
A grading rubric is attached to this assignment.
**When answering the questions/prompts below,
write in PARAGRAPH FORM
(while making sure each question is addressed in your paragraph).
**Copy the photos of the artworks and the questions BEFORE each paragraph answer.
PROMPTS
:
1.
-Is Henri Matisse's 1947 print,
Icarus
,
an example of Representational Art, Abstracted Art, or Non-Representational Art? Explain your reasoning.
-Describe the use of
SHAPE
in Henri Matisse's 1947 print,
Icarus
. Are the shapes organic or geometric? Which ones? Describe how the shapes interact, or "touch" each other. Are the edges of the shapes soft or hard? Do they bump, blend, or overlap?
-Which theme(s) best describe the content of Matisse's
Icarus
?
Support your answers with specific examples from the painting.
2.
-Is Kathe Kollwitz' 1903 etching,
Mother with Dead Child
an example of Representational Art, Abstracted Art, or Non-Representational Art? Explain your reasoning.
-Describe the use of
LINE
in this print. What types of line (geometric, organic, implied) are present? What do you believe these lines express? Are there any contour lines? Hatching or cross-hatching? Where? In what direction(s) do the lines move?
-Which theme(s) best describe the content of Kollwitz'
Mother with Dead Child?
Support your answers with specific examples from the etching.
3.
-Is the
Colossal 8-feet-tall Olmec Head
(1500-300 BCE) an example of Representational Art, Abstracted Art, or Non-Representational Art? Explain your reasoning.
-Describe the
FORM/MASS
of the Olmec Head. Address the size, density, material(s) used, and how it may have interacted with it's original location.
-Is the sculpture an example of
Closed Form
or
Open Form
? Explain your answer.
-Which theme(s) best describe the content of the Olmec Heads? Support your answers with specific examples from the sculpture.
4.
-Is Jan van Eyck's 1434 oil painting,
The Arnolfi Portrait
,
an example of Representational Art, Abstracted Art, or Non-Representational Art? Explain your reasoning.
-Discuss the use of
TEXTURE
in van Eyck's painting. Does the work have actual/tactile texture, visual/simulated texture, or a combination of both? Explain your answer.
-Which theme(s) best describe the content of van Eyck's
The Arnolfi Portrait
? Support your answers with specific examples from the painting.
5.
Is George Caleb Bingham's 1845 painting,
Fur Traders Descending the Missouri
, an example of Representational Art, Abstracted Art, or Non-Represen.
Answer the following questions in a total of 3 pages (900 words). My.docxSHIVA101531
Answer the following questions in a total of 3 pages (900 words). My budget is between $50-60. Deadline is 5 hours
What, in your opinion, are the salient attributes of indigenous African religious cultures?
Do you feel western scholars were justified in tagging negative labels on African religions?
Would you say African religions are polytheistic because of the belief in numerous deities?
Describe the Core Elements of Yoruba or Fon Cosmology
.
Answer the following questions No single word responses (at lea.docxSHIVA101531
Answer the following questions: No single word responses (at least 70+ words in each response)
Give the questions some thought and answer honestly
1. What is happening?
2. What issues does it raise?
3. What emotions come to your awareness?
4. What implications does it have for how we practice?
.
Answer the following questions based on the ethnography Dancing Skel.docxSHIVA101531
Answer the following questions based on the ethnography Dancing Skeletons. It is not necessary to write
an essay, but do engage the questions at a thoughtful level. Be sure to answer the question thoroughly as
each has several parts and use examples from the ethnography.
1. Why is it important for an anthropologist to be able to speak the local language? What
advantages did the author enjoy because of her language ability? What difficulties ensue when a
researcher is not able to speak the local language? If all contact with the population is through an
interpreter, what sorts of bias might arise in the data collection?
2. What was the outcome of the author’s visit to #104’s compound? What had happened to the
child since her last visit several years earlier? Why did the author use numbers to refer to people
in her study, instead of their names? Do you think it was right for Dettwyler to intervene in the
case of child #104, or should anthropologists just study people in other cultures and endeavor to
have as little impact on them as possible? Is it possible to conduct anthropological research
without having some effect on the people you study?
3. How do the medical resources of Magnambougou compare to those available in the United
States? What are the main diseases children in Mali must contend with?
4. Using female circumcision as the focus, discuss the concept of cultural relativism as used by
anthropologists. Even though we may understand the beliefs behind the practice, does cultural
relativism compel us to approve of female circumcision? What are some of the rationales
provided by cultures that practice female circumcision? What was Agnes’s attitude (Chapter 3)
when she found out that neither the author nor her daughter had been, or where intending to be
circumcised?
5. Aminata’s parents could see that she was very skinny even though she ate a lot of food.
“Everyone knows that you can eat a lot and still be skinny” (Dettwyler 1994: 44). How do
observations such as these contribute to the belief among some Malians that food intake and
health are not related?
Essay and Homework Requirements:
• Minimum of 2 typed pages of your writing (not including heading or prompt)
• 12 point font size
• 1 inch margins on all sides
• Double-spaced throughout
• Spell-checked, grammar-checked
.
Answer the following questions to the best of your ability1) De.docxSHIVA101531
Answer the following questions to the best of your ability:
1) Describe Native America societies prior to European contact. What are some examples of how their civilizations varied by region across North and South America?
2) What was the Columbian Exchange? Give at least 5 examples,
(be specific with details)
. What are some effects this had on both the Old and New Worlds?
3) Briefly describe the relationship between Powhatan and the English colonists of Virginia Colony in the 17thcentury. How did they help one another? How did they oppose one another?
4) Refer to the website below on the
Mayflower Compact, 1620
. What do the writers claim their purpose was in founding a colony (Plymouth)? What do the writers claim is their purpose in establishing this charter?
*copy/paste into your browser to answer the questions above:
https://avalon.law.yale.edu/17th_century/mayflower.asp
5) What was the major cash crop of the English colonies around the Chesapeake Bay (e.g., Virginia and Maryland)? What unfree laborers primarily worked that crop for wealthier landowners in the 17th century? What unfree laborers were the predominant labor force on plantations as the 18th century wore on?
6) Describe the First and Second Great Awakenings. What were some similarities between those movements? What were some differences?
7) What are at least 4 factors that led to the American Revolution? Briefly describe each one.
8) Describe the influence of Enlightenment ideals on the Constitution? What were three (3) major compromises that were necessary to gain enough support to ratify the Constitution
(describe them)
?
9) What was the “Revolution of 1800” and why is it important, even today?
10) What was the Louisiana Purchase? Give three examples of long-term consequences of the US acquiring that territory?
11) Throughout the 17th, 18th, and 19th centuries, what are some of the ways in which American Indian peoples interacted with European (and later, American) settlers? What were some of the strategies which American Indian tribes used to navigate European and US expansion?
12) Describe the difference between northern and southern states in the US between 1800 and 1850. What were some of their defining characteristics?
13) What factors prompted the South to secede from the United States in 1860/1861? What was Pres. Lincoln’s response? What were 3 consequences of the Civil War?
14) Describe Reconstruction. Did it work (how and/or how not)?
.
Answer the following questionDo you think it is necessary to .docxSHIVA101531
Answer the following question:
Do you think it is necessary to create a different law to serve minors who violate the law or should they be processed in the same way that adults are processed? Explain.
**Arguments in response to the question must be supported by at least two academic sources.**
Essay ( 1-3 pages)
.
Answer the following question. Use facts and examples to support.docxSHIVA101531
Answer the following question. Use facts and examples to support your answer. Use APA style for any references.
Due June 14, 11:59 p.m. EST
Using Figure 5.4 as the target architecture, who are the threat agents who will be most interested in attacking Web applications created through AppMaker?
.
Answer the bottom questions in apa format and decent answer no shor.docxSHIVA101531
Answer the bottom questions in apa format and decent answer no short answer please.
Subaru's Sales Boom Thanks to the Weaker Yen For the Japanese carmaker Subaru, a sharp fall in the value of yen against the U.S. dollar has turned a problem—the lack of U.S. production—into an unexpected sales boom. Subaru, which is a niche player in the global auto industry, has long bucked the trend among its Japanese rivals of establishing significant manufacturing facilities in the North American market. Instead, the company has chosen to concentrate most of its manufacturing in Japan in order to achieve economies of scale at its home plants, exporting its production to the United States. Subaru still makes 80 percent of its vehicles at home, compared with 21 percent for Honda. Back in 2012, this strategy was viewed as something of a liability. In those days, one U.S. dollar bought only 80 Japanese yen. The strong yen meant that Subaru cars were being priced out of the U.S. market. Japanese companies like Honda and Toyota, which had substantial production in the United States, gained business at Subaru's expense. But from 2012 onward, with Japan mired in recession and consumer prices falling, the country's central bank repeatedly cut interest rates in an attempt to stimulate the economy. As interest rates fell in Japan, investors moved money out of the country, selling yen and buying the U.S. dollar. They used those dollars to invest in U.S. stocks and bonds where they anticipated a greater return. As a consequence, the price of yen in terms of dollars fell. By December 2015, one dollar bought 120 yen, representing a 50 percent fall in the value of the yen against the U.S. dollar since 2012. For Subaru, the depreciation in the value of the yen has given it a pricing advantage and driven a sales boom. Demand for Subaru cars in the United States has been so strong that the automaker has been struggling to keep up. The profits of Subaru's parent company, Fuji Heavy Industries, have surged. In February 2015, Fuji announced that it would earn record operating profits of around ¥410 billion ($3.5 billion) for the financial year ending March 2015. Subaru's profit margin has increased to 14.4 percent, compared with 5.6 percent for Honda, a company that is heavily dependent on U.S. production. The good times continued in 2015, with Subaru posting record profits in the quarter ending December 31, 2015. Despite its current pricing advantage, Subaru is moving to increase its U.S. production. It plans to expand its sole plant in the United States, in Indiana, by March 2017, with a goal of making 310,000 a year, up from 200,000 currently. When asked why it is doing this, Subaru's management notes that the yen will not stay weak against the dollar forever, and it is wise to expand local production as a hedge against future increases in the value of the yen. Indeed, when the Bank of Japan decided to set a key interest rate below zero in early February 2016, the yen .
Answer the following below using the EXCEL attachment. chapter 5.docxSHIVA101531
Answer the following below using the EXCEL attachment.
chapter 5's Exercise questions 9, 10, 11, 12, and post at least 2 points that he/she has learned from them and at least 2 questions that he/she may have.
chapter 5 appendix Exercise question 4
.
Answer the following prompts about A Germanic People Create a Code .docxSHIVA101531
Answer the following prompts about “A Germanic People Create a Code of Law” on pgs. 104-108 from the
Sources of
World Societies: Volume 1: To 1600
book. your answer should include one original question that you have about the readings.
1. Compare and contrast this law code with the Twelve Tables and the Code of Hammurabi.
2. Where do you see major similarities, and differences?
3. Of the three codes, which would you prefer to live under, and why?
.
Answer the following discussion board question below minumun 25.docxSHIVA101531
Answer the following discussion board question below: minumun 250 words in total.
[1] How did the attempted impeachment of President Clinton come about? What do you think about this attempt at impeachment and the surrounding controversies and circumstances?
[2] What parallels, if any, do you see between the impeachment efforts against President Clinton and those today against President Trump? Are they comparable or completely different, in your view? Explain.
.
Answer the following questions about IT Project Management. What.docxSHIVA101531
Answer the following questions about IT Project Management.
What is a project, and what are its main attributes? How is a project different from what most people do in their day-to-day jobs? Discuss the importance of top management commitment and the development of standards for successful project management. Provide examples to illustrate the importance of these items based on your experience on any type of project. Discuss the unique challenges that an IT project presents.
.
Answer the following in at least 100 words minimum each1.Of.docxSHIVA101531
Answer the following in at least 100 words minimum each:
1.Often times we will see data that goes up and down and doesn’t appear to be moving at a steady rate in either direction. Can we draw any conclusion from data like that?
2.
Time series and future prediction of value is something that many of you likely deal with at work. You may see the type of future prediction in a retirement or investment account on a personal level. When would this type of analysis be important in your industry?
.
Answer the following questions(at least 200 words) and responses 2 p.docxSHIVA101531
Answer the following questions(at least 200 words) and responses 2 posts(not word limitation):
Should the federal, state, or local governments pass legislation that requires organizations to offer voluntary benefits? Why or why not?
You need to find a source and make reference
.
Answer the following questions in a Word document and upload it by M.docxSHIVA101531
Answer the following questions in a Word document and upload it by March 19. Answers should be one paragraph each.
1. What arguments can you provide to show there is or is not political bias in the media?
2. Do you feel that the existence of Wikileaks helps or undermines America's national security?
3. Why do you feel that polling errors occur in gathering data on Presidential elections?
4. Do you feel the Fairness Doctrine was justified, or do you feel it was right to repeal it?
5. Is the rise of digital citizenship a good or bad thing for the media?
.
Answer the following questions in complete sentences. Each answer sh.docxSHIVA101531
Answer the following questions in complete sentences. Each answer should be roughly one or two paragraphs. Use examples and/or quotes from the textbook to support your answers. Type in the answers directly below each question.
1. How did communism emerge in Russia and China? What were the similarities and differences between these two processes?
2. What were the main economic policies pursued by communist regimes? In what ways were they successful and in what ways did they fail?
.
ANSWER THE DISCUSSION QUESTION 250 WORDS MINDiscussion Q.docxSHIVA101531
**ANSWER THE DISCUSSION QUESTION 250 WORDS MIN**
Discussion Questions:
How should the United States government deal with the heightened concern about homegrown violent extremism and the growing concern for the preservation of civil liberties? What are the political and constitutional consequences of counter-terrorism? Lastly, how do we assess the tradeoffs between freedom and security?
***REPLY TO EACH POST 100 WORDS MIN EACH***
1. The United States government will always have to face the homegrown violent extremist because with the internet alone people are able to research just about anything and find their answers. The civil liberties are being violated because you have FBI and CIA looking into what people on doing on the webs. I personally believe that you gave up the right when you decided to goggle whatever it is you’re looking up. It’s also like social media site take Facebook for example people are willing to give up their rights so they can be on Facebook and be able to look or post whatever they want. But just like ever website the owner of that site has a right to delete what they don’t want on it as well. So why can’t the FBI/CIA look into and potentially stop a homegrown extremist from attacking the nation or even just attacking schools, churches, and retail stores like the mall or Wal-Mart. All these locations have had attacks from violent extremist when if they were being watched or monitored those attacks could have been stopped or at least less death could have occurred. From a political and constitutional stand point, consequences of counter-terrorism can vary. I political stand is to protect and preserve the freedom for the people. Protecting one’s Constitutional rights depends on what the politician’s plans on policies and procedures that could begin to take away those civil rights that were granted and give people the sense of freedom that the nation is built on. Policies and procedures can change everything take the mask wearing and social distancing for Covid-19, you have the people that are okay with it all and are following the rules but then you have the ones that have been protesting or fighting people over the fact that they don’t want to wear a mask. To me personally it’s simple to wear a mask but to others it’s a reason of rights being taken away by mandating it. Working for the military and DHS I personally don’t see freedom and security as a tradeoff. If agencies do their jobs correctly and protect the United States and National Security then freedom wouldn’t be at stake. I believe in freedom but the security measures in place are to help protect that freedom, without the security measures the nation would be under attack like 9/11 or worse.
2. The internal terrorist threat in the United States is operational and complicated, with continuing threats from extreme left- and right-wing extremist groups and radicalization and recruitment efforts by international terrorist groups. Since Sept/11, our.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Azure Interview Questions and Answers PDF By ScholarHat
LESSON 11. Which of the following would result in a decrease i.docx
1. LESSON 1
1. Which of the following would result in a decrease in cash
flow and a use of cash?
A. A decrease in notes payable
B. An increase in long-term debt
C.A decrease in inventory
D. A decrease in common stock
2. In the United States, for the 2007 tax year, federal corporate
income tax rates never exceeded an average rate of
A. 15%. C. 39%.
B. 35%. D. 34%.
3. A firm has assets of $60,000 and owners’ equity of $33,000.
Which of the following is the correct balance of the firm’s
liabilities?
A. $33,000 C. $93,000
B. $27,000 D. $60,000
4. Which of the following would result in an increase in cash
flow and a source of cash?
A. A decrease in notes payable
B. A decrease in long-term debt
C. An increase in inventory
D. An increase in common stock
5. A firm has current assets of $10,000 and current liabilities of
$7,000. Which of the following is the correct net working
capital for the firm?
A. $10,000 C. $3,000
B. $7,000 D. $13,000
6. If a firm has an accounts receivable balance of $18,800 at
2. the end of 2007 and $16,500 at the end of 2008, which of the
following statements about accounts receivable is correct?
A. Accounts receivable decreased by $2,300 and represented a
use of cash.
B. Accounts receivable increased by $2,300 and represented a
source of cash.
C. Accounts receivable decreased by $2,300 and represented a
source of cash.
D. Accounts receivable increased by $2,300 and represented a
use of cash.
7. If a firm has revenues of $15,090 and expenses of $8,850,
what is the firm’s taxable income?
A. $15,090 C. $6,240
B. $8,850 D. $23,940
8. Which of the following statements about the issuance of an
initial public offering (IPO) is correct?
A. IPOs may be either underpriced or overpriced.
B. IPOs are never overpriced.
C. IPOs are never underpriced.
D. IPOs are always correctly priced.
9. If a firm has revenues of $15,090, operating expenses of
$8,850, and a tax expense of $2,120, what is the firm’s net
income?
A. $8,850 C. $6,240
B. $4,120 D. $8,360
10. When you’re preparing a common-sized balance sheet,
which of the following measures is set to equal 100 percent?
A. Total liabilities C. Total owners’ equity
B. Total assets D. Cash
11. Suppose that a corporation has a taxable income of
$200,000. What is the firm’s corporate income tax for the
3. current tax year? (You can use the following table to calculate
the firm’s U.S. federal corporate tax.)
Taxable Income
More Than
Taxable Income
Less Than
Tax
Rate
$0 $50,000 15%
$50,001 $75,000 25%
$75,001 $100,000 34%
$100,001 $335,000 39%
$335,001 $10,000,000 34%
$10,000,001 $15,000,000 35%
$15,000,001 $183,333,334 38%
$18,333,334 35%
A. $78,000 C. $39,000
B. $6,250 D. $61,250
12. Using the same table and information provided in Question
11, what is the firm’s average tax rate?
A. 39% C. 34%
B. 30.625% D. 31.625%
13. Using the same table and information provided in Question
11, what is the firm’s marginal tax rate?
A. 39% C. 34%
B. 30.625% D. 31.625%
14. Dilution refers to the loss of shareholder value, and may be
represented by all of the following except dilution of
A. ownership percentage.
B. market value.
C. the firm’s current ratio.
D. book value per share.
4. 15. If a firm has $6,940 in earnings before interest and taxes,
$650 in depreciation expense, and $2,120 in taxes, what is the
firm’s operating cash flow?
A. $4,120 C. $6,240
B. $5,470 D. $9,710
16. The type of financial statement that summarizes the sources
and uses of cash over a specified period of time is called the
A. statement of cash flows.
B. income statement.
C. balance sheet.
D. inventory ratio statement.
17. The current ratio falls within which of the following
classifications of financial ratios?
A. Long-term solvency measures
B. Asset management or turnover measures
C. Short-term solvency or liquidity measures
D. Profitability measures
18. If a firm has an accounts payable balance of $34,400 at the
end of 2007 and $31,200 at the end of 2008, which of the
following statements about accounts payable is correct?
A. Accounts payable decreased by $3,200 and represented a use
of cash
B. Accounts payable increased by $3,200 and represented a
source of cash
C. Accounts payable decreased by $3,200 and represented a
source of cash
D. Accounts payable increased by $3,200 and represented a use
of cash
19. Which of the following is not one of the six costs of issuing
securities?
A. Rights offering C. Green Shoe option
B. Abnormal returns D. Gross spread
5. 20. In the United States, for the 2007 tax year, federal corporate
income tax rates never exceeded a marginal rate of
A. 15%. C. 39%.
B. 35%. D. 34%.
LESSON 2
1. What is the present value of $3,000, discounted at 8 percent
interest per period, for two periods? (Round your answer to the
nearest cent.)
A. $2,777.78 C. $3,499.20
B. $2,572.02 D. $3,240.00
2. The stated interest payment made on a bond is called the
A. yield to maturity. C. face value.
B. maturity. D. coupon.
3. An ordinary annuity of $500 per period, discounted at a rate
of 8 percent per period for 3 periods, has a present value of
$1,288.55. If this same annuity was an annuity due, what would
its present value be? (Round your answer to the nearest cent.)
A. $1,288.55 C. $1,391.63
B. $1,500.00 D. $1,788.55
4. The relationship between real returns, nominal returns, and
inflation is commonly referred to as the
A. dirty price. C. Treasury yield curve.
B. Fisher effect. D. bid-ask spread
5. On an investment of $2,000, you’ll earn 10 percent interest
per year compounded semiannually. What is the future value of
this investment after one year?
A. $2,205 C. $2,420
B. $2,100 D. $4,500
6. 6. What is the future value of a $10,000 investment, earning 12
percent interest per period, after three periods? (Round your
answer to the nearest cent.)
A. $7,117.80 C. $12,544.00
B. $11,200.00 D. $14,049.28
7. Where does most bond trading occur?
A. At the corporate headquarters of Moody’s
B. In the New York Stock Exchange (NYSE)
C. Electronically, over the counter
D. At the corporate headquarters of Standard
8. Suppose that you buy a $5,000 bond with a 12 percent annual
coupon, payable semiannually on January 1 and July 1. On both
January 1 and July 1, the bondholder will receive $300, for a
total annual interest payment of $600 ($300 + $300). Based on
the principal and accrued interest only, how much would you
expect
to pay to purchase this bond on May 1?
A. $5,200 C. $5,300
B. $5,000 D. $5,600
9. Today, you deposit $1,000 into an account that pays 12
percent interest annually. How much will you have in the
account after 4 years? (Round your answer to the nearest cent.)
A. $635.52 C. $1,120.00
B. $1,254.40 D. $1,573.52
10. A type of loan that’s paid off by making regular principal
reductions, usually according to a specified schedule, is called
a(n)
A. annuity due. C. amortizing loan.
B. debenture. D. corporate bond.
11. What is the present value of the right to receive four equal
payments (ordinary annuity) of $500 per period, discounted at a
7. rate of 10 percent per period? (Round your answer to the nearest
cent.)
A. $341.51 C. $1,584.94
B. $454.55 D. $732.05
12. On an initial investment of $1,000, you can earn 12 percent
interest per year compounded annually, or 12 percent interest
per year compounded semiannually. Which of the following
statements is correct?
A. 12 percent per year, compounded annually, is the better
interest rate for the investment.
B. 12 percent per year, compounded semiannually, is the better
interest rate
for the investment.
C. There’s no difference between the two interest rates; both
rates will produce the same future value.
D. It isn’t possible to determine the future value of this
investment based on the information provided.
13. The payments made by a corporation to shareholders, either
in cash or in stock, are called
A. dividends. C. cash flows.
B. capital gains. D. bond yields
14. What is the future value of a $1,500 investment, earning 10
percent interest per period, after two periods? (Round your
answer to the nearest cent.)
A. $1,650.00 C. $1,815.00
B. $1,363.63 D. $1,239.67
15. A stock’s expected cash dividend divided by its current
price is called the
A. dividend yield. C. constant growth.
B. capital gains yield. D. ask price.
8. 16. Today, you deposit $6,000 into an account that pays 10
percent annually. In one year, you’ll deposit another $4,000 in
the account. How much will you have in the account after two
years?
A. $10,600 C. $10,000
B. $11,660 D. $11,000
17. What is the present value of $2,200, discounted at 10
percent interest per period, for one period? (Round your answer
to the nearest cent.)
A. $2,420.00 C. $1,818.18
B. $2,000.00 D. $1,980.00
18. Which of the following statements about stock trading is
correct?
A. The NASDAQ is a computer network, with no physical
location for trading.
B. The number of NYSE exchange members is unlimited.
C. The NASDAQ uses a specialist system for actively traded
stocks.
D. The NYSE does not have a physical location for stock
trading activities.
19. You want to invest money for 3 years in an account that
pays 7 percent interest annually. How much would you need to
invest today to reach a future goal of $5,000? (Round your
answer to the nearest cent.)
A. $4,650.00 C. $4,762.90
B. $6,125.22 D. $4,081.49
20. What is the present value of the right to receive four equal
payments (annuity due) of $1,000 per period, discounted at a
rate of 10 percent per period? (Round your answer to the nearest
cent.)
A. $1,909.09 C. $1,464.10
B. $3,486.85 D. $2,486.85
9. LESSON 3
1. The amount of time required for an investment to generate
cash flows sufficient to recover its initial cost is called the
A. net present value.
B. average accounting return.
C. internal rate of return.
D. payback period.
2. To calculate a firm’s break-even point, you need to
A. divide fixed costs by variable costs.
B. add fixed costs to variable costs, and divide the total
by the unit contribution margin.
C. divide fixed costs by the unit contribution margin.
D. divide the unit contribution margin by variable costs.
3. The present value of an investment’s future cash flows
divided by its initial cost is called the
A. profitability index.
B. average accounting return.
C. net present value.
D. discounted payback
4. Assume that a firm has an average net income of $125,000
and an average book value of $500,000. What is the firm’s
average accounting return?
A. 25 percent C. 40 percent
B. 65 percent D. 12.5 percent
5. A cost that has already been incurred and that should
therefore not be considered in an investment decision is called
a(n)
A. pro forma. C. erosion.
B. sunk cost. D. opportunity cost.
10. 6. A situation in which a company can’t raise financing for a
project under any circumstances is called
A. simulation analysis. C. operating leverage.
B. hard rationing. D. forecasting risk.
7. A project requires an initial investment of $75,000 today. The
present value of the cash inflows likely to result from this
initial investment is $98,293. What is the net present value of
this investment?
A. –$23,293 C. $51,707
B. $75,000 D. $23,293
8. The discount rate that makes the net present value of an
investment zero is called the
A. average accounting return. C. project cash flow.
B. internal rate of return. D. crossover rate
9. Assume that an item costs $4 per unit to manufacture, and
sells for $19 per unit.
What is the unit contribution margin?
A. $23 C. $15
B. 21 percent D. 4.75 percent
10. The difference between an investment’s market value and its
cost is called the
A. discounted cash flow. C. net present value.
B. average accounting return. D. probability index.
11. When making capital budgeting decisions for a firm, the
average net income divided by the average book value equals
the
A. average accounting return. C. net present value.
B. internal rate of return. D. project cash flow
12. A situation in which the taking of one investment will
prevent the taking of another is called a(n)
11. A. stand-alone investment.
B. opportunity cost.
C. marginal revenue investment.
D. mutually exclusive investment decision.
13. When you’re discussing operating cash flow, the tax saving
that results from the depreciation deduction, calculated as the
depreciation multiplied by the corporate tax rate is called the
A. discounted cash flow.
B. accelerated cost recovery system.
C. depreciation tax shield.
D. net working capital.
14. Under U.S. tax law, the depreciation method that allows for
the accelerated write-off of property under certain
classifications is called the
A. modified depreciation allowance.
B. accelerated cost recovery system.
C. bottom-up approach.
D. depreciation tax shield.
15. A type of financial statement that provides projections for
future years is called a
A. pro forma statement.
B. modified depreciation statement.
C. discounted cash flow analysis.
D. project cash flow statement.
16. A company manufactures an item that has a unit
contribution margin of $9. The firm
has fixed costs of $3,600 per year. What is the break-even
point, in units?
A. 27 units C. 32,400 units
B. 400 units D. 200 units
17. The sales level that results in zero project net income is
12. called the
A. operating cash flow. C. opportunity cost.
B. accounting break-even point. D. internal rate of return.
18. Which of the following statements about operating leverage
is not correct?
A. Operating leverage is a measure of risk.
B. Operating leverage increases as fixed costs increase.
C. Operating leverage decreases as variable costs decrease.
D. Operating leverage is a combination of scenario and
sensitivity analysis.
19. The degree to which a firm or project is committed to fixed
production costs is called
A. operating leverage. C. capital rationing.
B. accelerated cost recovery. D. sunk cost.
20. When a firm introduces a new product, it can have a
negative effect on the cash flows
from existing products. This negative effect is known as
A. opportunity cost. C. erosion.
B. incremental cash flow. D. MACRS depreciation.
LESSON 4
1. The slope of the security market line, which is the difference
between the expected return on a market portfolio and the risk-
free rate, is called the
A. market risk premium.
B. portfolio variance.
C. arithmetic average return.
D. cost of capital.
2. A stock with a beta coefficient (β) of 2.0 has
A. one-tenth of the risk of an average asset.
13. B. the same systemic risk as an average asset.
C. one-half the systemic risk of an average asset.
D. twice as much systemic risk as an average asset.
3. In a market, when all information of every kind is reflected
in stock prices, the market is said to be
A. weak form efficient.
B. geometrically efficient.
C. strong form efficient.
D. average return efficient.
4. Suppose that you purchased 200 shares of a stock at $46 per
share (ignore all commissions). Assume the stock paid a
dividend of $1.20 per share for the year. The stock price rose to
$52.78 per share, and was then sold at that price. What was the
total amount of dividends received?
A. $120 C. $9,200
B. $240 D. $1,356
5. The term diversifiable risk is synonymous with which of the
following?
A. Risk premium C. Systematic risk
B. Unsystematic risk D. Total risk
6. The average compound return earned per year over a
multiyear period is called the
A. arithmetic average return. C. geometric average return.
B. normal distribution. D. standard deviation.
7. Which of the following is the formula used to describe the
components of a risk premium?
A. risk premium = expected return + projected return
B. total returns = expected return + unexpected return
C. unexpected returns = systematic portion + unsystematic
portion
D. risk premium = expected return – risk-free rate
14. 8. Suppose that you purchased 300 shares of a stock at $35 per
share (ignore all
commissions). Assume the stock paid a dividend of $1.45 per
share for the year.
The stock price rose to $42.50 per share, and was then sold at
that price. What
was the total dollar return?
A. $12,750 C. $2,250
B. $2,685 D. $435
9. The concept that asserts that well-organized capital markets,
such as the NYSE,
are efficient is called the
A. geometric average return. C. efficient markets hypothesis.
B. normal distribution. D. standard deviation.
10. The percentage of a portfolio’s total value placed in a
particular investment is called the
A. portfolio weight. C. portfolio variance.
B. beta coefficient. D. systematic risk.
11. The positively sloped straight line that shows the
relationship between expected return
and the beta coefficient is called the
A. frequency distribution. C. geometric average return.
B. bell curve. D. security market line.
12. Assume you purchased 150 shares of a stock at $18 per
share (ignore all commissions).The stock paid a dividend of
$0.75 per share for the year. What is the total cost of the stock?
A. $112.50 C. $1,800
B. $2,812.50 D. $2,700
13. A high degree of uncertainty about the future for a firm is
likely to lead to
15. A. greater variability in the firm’s stock price.
B. lower variability in the firm’s stock price.
C. a lower variance and standard deviation.
D. less volatile returns on the stock.
14. The equation of the security market line that shows the
relationship between expected return and beta is called the
A. security market beta line.
B. unsystematic risk equation.
C. principle of diversification.
D. capital asset pricing model (CAPM).
15. Theminimum required return on a new investment is called
the
A. average return. C. beta coefficient.
B. cost of capital. D. risk premium.
16. The return earned in an average year over a multiyear period
is called the
A. normal distribution. C. arithmetic average return.
B. geometric average return. D. standard deviation.
17. Which of the following is the formula used to calculate the
total return on a stock?
A. Total Return = Expected Return + Unexpected Return
B. Total Return = Unexpected Return + Stock Price
C. Total Return = Stock Price Number of Shares
D. Total Return = Dividend Number of Shares
18. The concept of spreading an investment across a number of
assets to eliminate some (but not all) of the risk is called the
A. systematic component of return. C. principle of
diversification.
B. portfolio variance. D. beta coefficient.
19. Suppose that you purchased 100 shares of a stock at $28 per
16. share (ignore all commissions). Assume that the stock paid a
dividend of $1.40 per share for the year. The stock price rose to
$34.65 per share, and was then sold at that price. What was the
total amount of the capital gain (or loss)?
A. $2,800 C. $140
B. $665 D. $3,465
20. When you move from a risk-free investment to a risky
investment, the excess return required on the risky investment is
called a
A. risk premium. C. frequency distribution.
B. portfolio weight. D. portfolio variance.
LESSON 5
1. Which of the following is the minimum return a
companyneeds to earn to satisfy all its investors?
A. NPV C. BASF 2015
B. RE D. WACC
2. The equation RP = D/P0 is used to determine the
A. cost of a bond.
B. cost of preferred stock.
C. cost of common stock.
D. dividend resulting from one share of stock.
3. The cost of equity can be viewed as the combination of
A. the financial leverage and the cost of capital.
B. corporate taxes and shareholder claims.
C. business risk and financial risk.
17. D. the weighted average cost of capital and the capital
structure.
4. The return that lenders require on a firm’s new borrowing is
known as the
A. financial leverage. C. warrant.
B. cost of debt. D. cost of equity.
5. The legal proceeding for liquidating or reorganizing a
business is called
A. internal financing. C. flotation.
B. financial leveraging. D. bankruptcy.
6. When a firm places projects into one of several risk classes
and adds or subtracts adjustment factors to or from the WACC,
the firm is using the _______ approach.
A. basic C. objective
B. subjective D. pure play
7. The dividend growth model approach is one approach to
estimating a firm’s
A. cost of equity. C. conversion value.
B. financial leverage. D. beta coefficient.
8. A firm that pays few or no dividends and instead provides
shareholders with capital gains through an increase in stock
values is called a
A. business failure. C. leveraged firm.
B. pure play. D. growth firm.
9. If a firm has publicly held debt and measures it cost as the
yield to maturity on the outstanding debt, the company rate is
A. critical. C. low.
B. (E/V) RE. D. irrelevant.
10. The cost of capital for a firm that has no debt is called the
18. A. weighted average cost of capital.
B. financial leverage.
C. interest tax shield.
D. unlevered cost of capital.
11. A procedure in which a failing firm is financially
restructured in an attempt to continue operations is called
A. liquidation. C. reorganization.
B. tax shielding. D. capital structuring.
12. Issuing stock and using the money to pay off debt is one
way a firm
A. restructures. C. prepares for bankruptcy.
B. refinances. D. prepares for its IPO
13. In Wall Street language, a company that focuses on only one
line of business
is called a(n)
A. pure play. C. growth firm.
B. unlevered company. D. internally financed firm.
14. The overall return that a company must earn on its existing
assets to maintain the value of its stock and to satisfy its
owners, creditors, and providers of capital is called the
A. reorganization value.
B. flotation cost.
C. weighted average cost of capital.
D. capital structure.
15. During most cases, when a company files for bankruptcy,
A. the court assigns an unbiased individual to run the company
in the interim.
B. the judge prepares a reorganization plan the company must
follow.
C. payments to creditors and shareholders are suspended.
D. the “debtor in possession” runs the business.
19. 16. The return that equity investors require on their investment
in a firm is called the
A. cost of equity.
B. weighted average cost of capital.
C. capital structure weight.
D. project cost of capital.
17. When a firm raises money by issuing new stocks or bonds,
the costs associated with the new stock or bond issues are called
the
A. intrinsic value. C. strike costs.
B. floor value. D. flotation costs.
18. The run establishing priority of claims during a liquidation
is called the
A. reorganization priority list. C. absolute priority rule.
B. bankruptcy proceeding rule. D. prepack claims petition.
19. The separate cost of capital in each section of a corporation
is called the
A. floor value. C. capital appreciation.
B. divisional cost of capital. D. option cost.
20. The situation in which a firm is unable to meet its financial
obligations is called
A. technical insolvency. C. reorganization.
B. liquidation. D. accounting insolvency.