midw2004a

midw2004a - McGill University Centre for Continuing...

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McGill University Centre for Continuing Education Winter 2004 MID TERM EXAMINATION Version A _________________________________________________ ______________________ STUDENT NAME STUDENT NUMBER FINANCE I MGCR-341-771 Lecturer: Therese Trainor Date: Time: February 18, 2004 6:00 - 8:00 p.m. INSTRUCTIONS : You are permitted noiseless, non-programmable CALCULATORS . This is a closed book exam - no notes or scrap paper allowed. You may use the opposite side of the exam paper for any rough rough work. This examination is worth 30% of your final mark. This examination consists of 19 questions on 9 pages, 4 pages of tables and 3 pages of formulae. Please ensure that you have a complete examination paper before starting. MARK DISTRIBUT ION Question Marks 1 TO 10 2 marks each = 20 11 to 17 8 marks each = 56 18 12 19 12 Total 100 THIS EXAMINATION PAPER MUST BE RETURNED Page 1 of 9
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ONE response to each of the following questions. (2 marks each) 1. An example of an indirect agency cost is: a. expenses incurred to monitor management's actions. b. the purchase of an unneeded corporate jet. c. the cost of auditors hired to approve the financial statements. d. the opportunity cost of a profitable yet rejected project. e. all of the above are example of indirect agency costs. 2. A terminal loss a. is the difference between the UCC and adjusted cost of disposal when the UCC is greater. b. is the difference between the UCC and adjusted cost of disposal when the UCC is lesser. c. is the difference between the UCC and adjusted cost of disposal when they are equal. d. occurs whenever the UCC becomes negative. e. all of the above describes a terminal loss. 3. Stakeholders in the firm include a. the suppliers. b. the customers. c. the shareholders. d. none of the above. e. all of the above. 4. The carry-forward refers to a. using a year's capital losses to offset capital gains in any of the past three years. b. using a year's capital losses to offset capital gains in any of the next three years. c. paying for a year's interest revenues at any time in the future. d. using a year's capital losses to offset capital gains in any future year. e.
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midw2004a - McGill University Centre for Continuing...

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