Midterm_20I_20-_20Sample_201

Midterm_20I_20-_20Sample_201 - BUAD 306 SPRING 2009...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
BUAD 306 Business Finance SPRING 2009 Midterm I - Sample INSTRUCTIONS You have one hour and fifty minutes to complete this exam. There are 22 questions . This exam is closed book and closed notes . You are allowed to use a calculator and a single two-sided formula sheet. IMPORTANT : Provide your Student ID Number (or SSN) on both sides of the Scantron sheet, and fill in your name. Copy all of your final answers onto the Scantron sheet. Please mark or erase properly to avoid mis-grades. Mark Test Form A on the Scantron sheet. Hand in both questions and answer sheet. This exam is taken under the Student Conduct Code, which stipulates: Any use of external assistance during an examination shall be considered academically dishonest unless expressly permitted by the instructor. The following are considered unacceptable examination behaviors: communicating with fellow students during an exam, copying material from another student’s exam, allowing another student to copy from an exam, possession or use of unauthorized notes, calculator, or other materials during exams and/or any behavior that defeats the intent of an exam or other classwork. Please sign your name below to acknowledge and accept the Student Conduct Code. SIGNATURE: (Please sign) NAME: (Please print) STUDENT ID (or SSN):
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
1. A conflict of interest between the stockholders and company management is called: A. corporate activism. B. the agency problem. C. stockholders' liability. D. corporate breakdown. E. legal liability. 2. Which of the following are advantages of the corporate form of business ownership? I. limited liability for firm debt II. double taxation III. ability to raise capital IV. unlimited firm life A. I and II only B. II, III, and IV only C. III and IV only D. I, III, and IV only E. I, II, and III only 3. A firm has $680 in inventory, $2,320 in fixed assets, $280 in accounts receivables, $490 in accounts payable, and $130 in cash. What is the amount of the current assets? A. $410 B. $2,920 C. $3,410 D. $960 E. $1,090 4. Given the tax rates as shown, what is the average tax rate for a firm with taxable income of $218,740? A. 39.00 percent B. 30.67 percent C. 28.43 percent D. 31.34 percent E. 25.38 percent
Background image of page 2
5. At the beginning of the year, long-term debt of a firm is $68,700 and total debt is $71,425. At the end of the year, long-term debt is $92,460 and total debt is $95,609. The interest paid is $5,412. What is the amount of the cash flow to creditors? A. $2,414 B. $23,760 C. $29,172 D. $12,936 E. $18,348 6. What is The Chocolate Candy Company’s operating cash flow for 2007? A. $823 B. $367 C. $541 D. $226 E. $682
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
7. Ratios that measure a firm's financial leverage are known as _____ ratios. A. book value
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 07/21/2009 for the course BUAD 311T taught by Professor Vaitsos during the Fall '07 term at USC.

Page1 / 16

Midterm_20I_20-_20Sample_201 - BUAD 306 SPRING 2009...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online