Midterm 1 2008 Gross

Midterm 1 2008 Gross - BCOR 2200 - Fall 2008 Midterm 1 with...

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BCOR 2200 - Fall 2008 Midterm 1 with Answers David M. Gross, Ph.D. Name (please print): ________________________________________________ Note: last, first, middle initial Student ID Number (NOT social security number): __________________________ You are expected to follow the Honor Code during this Exam and sign below to acknowledge this. Honor Code “On my honor, as a University of Colorado at Boulder student, I have neither given nor received unauthorized assistance on this work.” Signature: _____________________________________________ Instructions: 1. Check your exam to make certain you have 30 questions--all questions are worth the same value. 2. Please carefully detach the formula sheet from the back of the exam. 3. Carefully enter answers on the computer-graded answer sheet provided, using a No. 2 pencil. Be sure to include full name and CU ID number on the answer sheet. Only answers on the answer sheet will be scored. Answers on the question sheet will not be scored. 4. Please show student ID when requested. 5. You have 90 minutes to complete the exam. This includes the time to enter your answers on the answer sheet. 6. When you are done with the exam, turn in the Question Sheet , the Formula Sheet and Your Answer Sheet . I will post a copy of the exam with answers. 7. Please note: Baseball hats must be turned backwards; sharing calculators is not allowed; turn off and do not handle cell phones, pagers, MP3 players, PDA’s…. 1
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1. Modifying a firm’s credit collection policy with its customers is part of a financial manager’s: a. Capital Budgeting Decisions b. Capital Structure Decisions c. Working Capital Management Decisions d. Capital Investment Management e. Agency Investment Management 2. Ensuring there is enough cash on hand to meet a firm’s short-term needs is part of a financial manager’s: a. Capital Budgeting Decisions b. Capital Structure Decisions c. Working Capital Management Decisions d. Capital Investment Management e. Agency Investment Management 3. The market for trading securities after the original sale is called the: a. primary market. b. private placement market. c. secondary market. d. listed market. e. corporate market. 4. Which one of the following is a current asset? a. inventory b. equipment c. land d. patents e. building 5. A Noncash Item is defined as: a. an expense charged against revenues that does not affect the cash flow of a firm. b. current assets minus current liabilities as of a specified date. c. the daily increase, or decrease, in the accounts payable account. d. the incurrence of debt which does not have to be repaid for at least one year. e. an increase in the value of an fixed asset. 2
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6. Premium Pet Supplies has sales of $98,400. The costs of goods sold are $55,000 and the other costs are $21,000. Depreciation is $12,000 and the tax rate is 35 percent. What is the net income of the company?
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Midterm 1 2008 Gross - BCOR 2200 - Fall 2008 Midterm 1 with...

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