ACT349H1F F06 Test 1 v07 year 5, 30% earnings Privacy ID A

ACT349H1F F06 Test 1 v07 year 5, 30% earnings Privacy ID A...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
ACT349H1F F06 Test 1 v07 year 5, 30% earnings Privacy ID A Your name:__________________________ Your student ID:______________________ UNIVERSITY OF TORONTO ACT349H1F TERM TEST 1 4:00 pm Oct 4, 2006 Instructor: Keith Sharp PhD FSA NOTES: 1. Calculators allowed 2. Scrap paper is to be handed in with this book. It’s OK to write on book. 3. This is a closed book exam. 4. Multiple choice: only your letter answer on the Scantron sheet will be graded. 5. OK to write in book. 6. 10 points correct, two if blank, zero points if wrong 7. So expectation if you guess is the same as leaving a blank. 8. Timing: 50 minutes 9. Make sure you’ve indicated your letter answers in answer sheet before time is called 10. Name and ID on this book, on answer sheet and on any scrap paper please. 11. Please stay in your seats and don’t talk till all papers have been collected. 12. Photo ID on desk during exam please. 13. Good luck
Background image of page 1

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

View Full DocumentRight Arrow Icon
UNIVERSITY OF TORONTO ACT349H1F FALL 2006 TERM TEST 1 ACT349H1F F06 Test 1 v07 year 5, 30% earnings Privacy ID A 0. Please code your Privacy ID as the answer to question 11 on your answer sheet. Your privacy ID is shown in the page footer at the foot of each page of this test. The Privacy ID is needed so that the correct order of correct answers can be used in grading your answers. 1. (Sharp1220061305 F06) In which of the following periods were United States stock prices most volatile? (A) 1931-1940 (B) 1941-1950 (C) 1971-1980 (D) 1981-1990 (E) 1991-2003 (A) Solution (BMA 8 th ed. p. 159) Depression 1930s had high volatility. 2. (BMA 8 th Ed. Ch. 1 Quiz Q 6) Which one of the following statements always applies to a corporation? (A) Issues bonds (B) Limited liability (C) Managers can be fired with no effect on ownership (D) Shares are widely traded (E) Limited life (B)or (C) (BMA 8 th Ed Ch. 1)
Background image of page 2
UNIVERSITY OF TORONTO ACT349H1F FALL 2006 TERM TEST 1 ACT349H1F F06 Test 1 v07 year 5, 30% earnings Privacy ID A 3. (Sharp 1220061309 F06) The ACT349 class operates a ‘we’ll hold your place in administration line-ups’ service with the following results Total 2004 2005 2006 2007 2008 Final Year of Busines s Time of all cash flows 1234 5 Sales 500 500 500 500 500 Salaries -300 -300 -300 -300 -300 Portable beds purchase - 8 0000 0 Allowed depreciation for tax purposes.
Background image of page 3

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

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/27/2009 for the course STA ACT349 taught by Professor Sharp during the Fall '05 term at University of Toronto.

Page1 / 10

ACT349H1F F06 Test 1 v07 year 5, 30% earnings Privacy ID A...

This preview shows document pages 1 - 4. Sign up to view the full document.

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