1) The goal of the firm should be
A. maximization of profits
B. maximization of shareholder wealth
C. maximization of consumer satisfaction
D. maximization of sales
2) An example of a primary market transaction is
A. a new is
Mid Term Reference Set One
Multiple Choice Questions (35*2.8)
1. Insider trading is:
C. impossible to have in our efficient market.
D. discouraged, but legal.
2. The primary goal of financial management is to:
A. maximize current div
Chevelle, Inc., has sales of $39,500, costs of $18,400, depreciation expense of $1,900, and interest expense of $1,400
If the tax rate is 35 percent, what is the operating cash flow?
Operating Cash Flow To calculate operating cash flow (OCF), w
FINC 680 Fall 2012 First Exam
Problems 5 ts each You must show all
our work to receive an credit
1. First National bank charges 10.5 percent compounded quarterly on its business loans. First
United Bank charges 10.6 percent compounded semiannually. As a
1) A ? is someone other than an owner or a creditor who potentially has a claim of the cash
flows of a firm.
2) Which of the following show why a corporation is the most important form of business?
-Corporations can sue and be sued
ICS 2205 DIGITAL LOGIC (45 CONTACT HOURS)
Pre-requisite: ICS 2200 Analogue Electronics
This course aims at enabling students to differentiate the construction, types, uses and
perform basic calculation for the following; gates, combinationa
EEE2305 DIGITAL ELECTRONICS 1
Number systems: types, conversion,arithmetic operations. Codes: Binary Coded Decimal (BCD), Try,
Excess-3; alphanumeric; error detecting/correcting,encoding/decoding. Application of various codes.
Boolean algebra and logic ga
LESSON 3 DIGITAL ARITHMETIC
Having discussed different methods of numeric and alphanumeric data representation in the first two
chapters, the next obvious step is to study the rules of data manipulation. Two types of operation that are
performed on binary
6 BOOLEAN ALGEBRA AND SIMPLIFICATION TECHNIQUES
Boolean algebra is mathematics of logic. It is one of the most basic tools available to the logic designer
and thus can be effectively used for simplification of complex logic expressions. Other useful and w
DESCRIPTION OF KMAPS AND TERMINOLOGY
NB: Karnaugh maps can be drawn for both Sum of product Boolean expressions or Product of Sums
Boolean expressions. We shall start base our discussion mainly on Sum of Product expressions which
uses minterms. But a few
The present chapter is an extension of the previous chapter on number systems. In the previous chapter,
beginning with some of the basic concepts common to all number systems and an outline on the familiar
decimal number system, we w
10. FLIP-FLOPS AND RELATED DEVICES
10.3 R-S Flip-Flop
A flip-flop is a bistable circuit i.e. both of its output states are stable. The circuit remains in a particular
output state indefinitely until something is done to change that output status. These
8 MULTIPLEXERS AND DEMULTIPLEXERS
In the previous chapter, we described at length those combinational logic circuits that can be used to
perform arithmetic and related operations. This chapter takes a comprehensive look at yet another class of
4 LOGIC GATES AND RELATED DEVICES
Logic gates are electronic circuits that can be used to implement the most elementary logic expressions,
also known as Boolean expressions. The logic gate is the most basic building block of combinational
logic. There are
7.0 ARITHMETIC CIRCUITS
Beginning with this chapter, we will take a comprehensive look at various building blocks used to design
more complex combinational circuits. A combinational logic circuit is one where the output or outputs
depend upon the present
The current tax laws* apply that:
1. The top marginal rate for corporations is 39 percent (see Table 3.2). The highest marginal
rate for individuals is 39.6% percent. New in 2013, there is an Unearned Income Medicare
Contribution tax of 3.8% that applies
ANSWERS TO SELECTED
7. Average rate 5 32.43%
Marginal rate 5 39%
14. a. $66,535
18. a. TaxGrowth 5 $14,090
22. a. 2010 5 $2,325
2011 5 $2,999
1. The balance sheet identity or equation:
Assets 5 Liabilities
1 Shareholders equity
2. The income statement equation:
Revenues 2 Expenses 5 Income
3. The cash flow identity:
Cash flow from assets 5
Cash flow to creditors 1
FIN 534 Quiz 6
(30 questions with answers) 99,99 % Scored
PLEASE DOWNLOAD HERE
Which of the following investments would have the lowest present value?
Assume that the effective annual rate for all investments is the same and is
greater than zer
Price behavior around the exdividend date for a $1 cash dividend
t-2 1 0 +1 +2-ut
$1 is the exdividend price drop
Price = $9
The stock price will fall by the amount of the dividend on the ex
date (Time 0). If the dividend is $1 per
10. Given the following information:
Stock A Stock B Stock C TBills Market Port
Exp. Return .20 .15 .09 .07 .18
Variance .0200 .1196 .0205 .0000 .0064
P01120110 .007 .0045 .0013 .0000 .0064
Using the CAPM, calculate the expe
Quick Quiz: Part 2
You know the payment amount for a loan and you want to know how much was borrowed. Do you compute a present value or a future value? You want to receive $5,000 per month in retirement. If you can earn .75% per month and you expect to n
Practice questions from chapters 10-12 (with a few bonus questions from chapter 13).
1. The excess return required on a risky asset over that earned on a risk-free asset is called (a):
A) Risk premium.
B) Return premium.
C) Excess return.
D) Average retur
Chapter 006 Discounted Cash Flow Valuation
Multiple Choice Questions
1. An annuity is a(n):
a. level stream of perpetual cash flows.
B. level stream of cash flows occurring for a fixed period of time.
c. increasing stream of perpetual cash flows.
Chapter 002 Financial Statements, Taxes and Cash Flow
Multiple Choice Questions
1. The financial statement summarizing the value of a firm's equity on a particular date is
a. income statement.
B. balance sheet.
c. statement of cash flows.
d. cash flo
A few practice questions from chapters 1-5
Go over the problems below, provide an answer, bring your questions to class. Correct answers in
The mixture of debt and equity by the firm to finance its operations is called:
a) Working capital managem
Lecture 12: Chapter 4
Section 4B: Investing
The Savings Formula
Example 1. Suppose you deposit $100 into your savings every month which pays 1% interest each month. Your updated balance would be given by the following table End of Month 1 Month 2 Month 3
19. You have inherited $25,000. You plan to invest the inheritance in a portfolio of stocks and
bonds yielding 6%. Your goal is to have this investment fund your retirement, which you esti
mate will require $1,600,000.
A. Using the rule of 72, how long wi