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BUSN 379 Week 1 Homework

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BUSN 379 Week 1 Homework

Question :

(TCO 1) Which of the following statements is not true regarding the goal of financial management?

	Student Answer:		The goal of maximizing the value per share of existing stock is relevant to all organizations.
			A way of aligning management goals to shareholder’s interest is to tie managerial compensation to the market value of the firm’s stock.
			For a company considering international operations, the goal will be the same but the company will have to consider the local social, economical and political environment in the decision-making process.
			All of the above are true.

Question :

(TCO 1) Book values are different to market values because:

	Student Answer:		Book values reflect the value of the asset based on generally-accepted accounting principles.
			Book values are used in the company’s balance sheet.
			Book values do not reflect the amount someone is willing to pay today for an asset.
			All of the above

Question :

For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows:
Cost of goods sold………………………….          $1.2 million
Administrative expenses……………………          $250,000
Marketing and selling expenses……………          $175,000
Depreciation………………………………….          $500,000
Interest expense…………………………….          $200,000
Dividends paid……………………………….           $150,000(TCO 1) Suppose that Sports Baseball has 20,000 shares of stock. What is the dividends per share figure?

	Student Answer:		5.0
			8.75
			7.50
			5.50

Question :

For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows:
Cost of goods sold………………………….          $1.2 million
Administrative expenses……………………          $250,000
Marketing and selling expenses……………          $175,000
Depreciation………………………………….          $500,000
Interest expense…………………………….          $200,000
Dividends paid……………………………….           $150,000(TCO 1) Assuming a tax rate of 30%, the percentage of dividends per net income is approximately ______ and operating cash flow is _________ than net income.
Hint: You need to calculate the net income and divide dividends by the net income.

	Student Answer:		30% and lower
			60% and lower
			30% and higher
			60% and higher

Question :

For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows:
Cost of goods sold………………………….          $1.2 million
Administrative expenses……………………          $250,000
Marketing and selling expenses……………          $175,000
Depreciation………………………………….          $500,000
Interest expense…………………………….          $200,000
Dividends paid……………………………….           $150,000(TCO 1) Select all items that will be included in Sports Baseballs, Inc. Income Statement. For this exercise you will be choosing more than one option for your answer:

	Student Answer:	Accounts receivable
		Cost of goods sold
		Net working capital
		Interest expense
		Taxes
		Current assets
		Short-term loans
		Cash on hand
		Inventory
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Question :

(TCO 1) Which one of the following activities best exemplify working capital management. For this exercise you will be choosing more than one option for your answer:

	Student Answer:		Identify three good investment opportunities for the firm.
			Obtain a short-term loan to purchase materials.
			Assess the level of inventory to be kept on hand.
			Sale long-term bonds to raise funds for a new machine.
			Determine the return of a potential project.
			Calculate the cash flows for a project.
			Manage payments to suppliers.

Question :

(TCO 1) Match the following terms with the examples as appropriate:

Question :

(TCO 1) Can you provide some examples of situations in which business ethics play a role in the financial management process?

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BUSN 379 Week 1 Homework

BUSN 379 Week 1 Homework

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