Long-Term Financial Planning and Growth
1. The long-range time period, usually the next two to five years, over which the financial
planning process focuses is known as the:
a. Planning horizon.
b. Planning stra
Exam 3 Finance 3320
Student Conduct is in force during this exam. Students providing or a
Exam1 FIN470 Spring 2008 Key
1. Which one of the following statements concerning a sole proprietorship is correct?
A. The owner of a sole proprietorship may be forced to sell his or her personal assets to pay company debts.
B. The owners of a sole proprie
Project Analysis McGilla Golf has decided to sell a new line of golf clubs. The clubs will sell for
$700 per set and have a variable cost of $320 per set. The company has spent $150,000 for a
marketing study that determined the company will sell 48,000 se
Break-Even Assume a firm is considering a new project that requires an initial investment and
has equal sales and costs over its life. Will the project reach the accounting, cash, or financial
break-even point first? Which will it reach next? Last? Will t
1. A firm has total assets of $311,770 and net fixed assets of $167,532. The average daily operating costs are
$2,980. What is the value of the interval measure?
A. 104.62 days
B. 68.05 days
C. 56.22 days
D. 31.47 days
E. 48.40 days