Quiz 1 - FIN 360 Quiz#1 Name_Jeremy Pflug Which of the following statements is false a Secondary market is where transferring ownership of

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FIN 360 Quiz #1 Name: _Jeremy Pflug __________________ Which of the following statements is false? a. Secondary market is where transferring ownership of corporate securities take place. b. Money markets refer to those markets dealing with financial securities that have a maturity less than one year. c. Primary market is where new stock and bond issues are firstly sold. d. Capital markets refer to those markets dealing with financial securities that have a maturity more than six months. The goal of financial management is a. to maximize shareholders’ wealth. b. to minimize dividend payments. c. to maximize earnings after taxes. d. to minimize firm value. On 12/31/2008, the balance sheet of the BRCM Corporation shows that plant and equipment is $250,000, notes payable is $20,000, bonds payable is $50,000, and retained earnings is $80,000. In 2009, the sales were $220,000. The cost of goods sold is 60% of the sales. Depreciation expense was 8% of the plant and equipment at the beginning of the year. Interest expense was 10% on the notes payable and 12% on the
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This note was uploaded on 12/17/2011 for the course MBA 500 taught by Professor Dr.jones during the Spring '11 term at Morehead State.

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Quiz 1 - FIN 360 Quiz#1 Name_Jeremy Pflug Which of the following statements is false a Secondary market is where transferring ownership of

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