EXAM10 - Midterm 1 FI 3300 Name Circle the correct answer 1 The goal of corporate financial management is a to maximize shareholder wealth b to

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Midterm 1 FI 3300 June 28, 2010 Name ____________________________ Circle the correct answer. 1. The goal of corporate financial management is ____________. a. to maximize shareholder wealth b. to maximize bondholder wealth c. to promote social good d. to create jobs 2. Which of the following is an advantage of the corporate form of business organization? a. Limited liability b. Pass through tax status c. Informational asymmetry d. Agency involvement 3. Which of the following is an item from the balance sheet? a. Cash b. Cost of goods sold c. Operating expenses d. Net income Use the following to answer 4. Dec 31 2008 Dec 31 2009 Gross fixed assets 390,000 450,000 Accumulated depreciation 110,000 160,000 Net fixed assets 280,000 290,000 4. Depreciation on the Income Statement for 2009 was $_______. a. 10,000 b. 30,000 c. 40,000 d. 50,000
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Use the following to construct Panther Corporation’s Balance Sheet and Income Statement for 2008 and 2009, then answer 5 – 12. 2008
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This note was uploaded on 12/04/2011 for the course FIN 3300 taught by Professor Toddstotnitch during the Fall '11 term at Georgia State University, Atlanta.

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EXAM10 - Midterm 1 FI 3300 Name Circle the correct answer 1 The goal of corporate financial management is a to maximize shareholder wealth b to

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