This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Question: (TCO 1) Which one of the following actions best matches the primary goal of financial management? Your Answer: increasing the net working capital while lowering the long- term asset requirements improving the operating efficiency, thereby increasing the market value of the stock CORRECT ANSWER increasing the firms market share reducing fixed costs and increasing variable costs increasing the liquidity of the firm by transferring short- term debt into long- term debt 2. Question: (TCO 1) Which of the these activities is not a capital budgeting task? Your Answer: 3. Question: (TCO 1) Market value is important to the financial manager because: Your Answer: 4. Question: (TCO 1) The income statement reflects: Your Answer: 5. Question: (TCO1) Telemarket Inc. has sales of $625,000. They paid $43,000 in interest during the year and depreciation was $79,000. Administrative costs were $100,000 and other costs were $160,000. Assuming a tax rate of 35 percent, what is Telemarkets taxes figure? Your Answer:...
View Full Document
- Spring '11