Bus170Fal08Mdtrm1-K37z

Bus170Fal08Mdtrm1-K37z - BUS l70z Fundamentals of Finance...

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

View Full Document Right Arrow Icon
BUS l70z Fundamentals of Finance Fall 2008 Midterm Exam #1 (Version 2)
Background image of page 1

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

View Full DocumentRight Arrow Icon
Part I: Multiple Choice Questions (80 points total; 4 points each) Select the best answer. The answers are rounded for those with numbers. l. The primary goal of financial management is to: (a) maximize current dividends per share of the existing stock. ',(b) maximize the current value per share of the existing stock. (c) minimize operational costs and maximize ftm efficiency. (d) maintain steady growth in both sales and net earnings. 2. The primary distinction between securities sold in the primary and secondary markets is the: (a) riskiness of the securities. (b) price of the securities. ,/1c) previous issuance of the securities. (d) profitability of the issuing corporation. 3. Agency costs refer to: (a) tlie total dividends paid to stockholders over tlie lifetirne of a firm. (b) corporate income subject to double taxation. w'(c) the costs of any conflicts of interest between stockholders and management. (d) the total interest paid to creditors over the lifetime of the firm. 4. Net income divided by the total number of outstanding shares is referred to as the: z (a) eamings per share. (b) profit margin. (c) return per share. (d) market earnings. 5. The financial statement sunrmarizing the value of a firm's equity on a particular date is the: "z(a) income statement. (b) balance sheet. (c) statement of cash flows. (d) cash flow statement.
Background image of page 2
6. A firm has $680 in inventory, $UL\ in fixed assets, $280 in accounts receivables, $490 in accounts payable. and $130 in cdsh. What iS the amount of the current assets? I
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.

Page1 / 8

Bus170Fal08Mdtrm1-K37z - BUS l70z Fundamentals of Finance...

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