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BUSN 379 Week 1 Quiz

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BUSN 379 Week 1 Quiz

Question :

(TCO 1) Which of the following statements is true regarding the goal of financial management?

	Student Answer:		A US company considering international operations will have a different goal than a company that only conducts operations in the US.
			The firm’s structure (i.e. corporation, sole proprietorship, partnership) is not relevant to the goal of financial management.
			A way of aligning management goals to shareholder’s interest is to tie managerial compensation to the market value of the firm’s stock.
			None of the above are true.

Question :

(TCO 1) Market value is important to the financial manager because:

	Student Answer:	It reflects the value of the asset based on generally-accepted accounting principles.
		Is a crucial component of the balance sheet and can impact the financial statements.
		Market values reflect the amount someone is willing to pay today for an asset.
		The market value of an asset reflects its historical cost.
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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 30,000 shares of stock. What is the dividends per share figure?

	Student Answer:		5.0
			8.75
			5.25
			8.50

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%, what is the operating cash flow for the year?

	Student Answer:		$1,260,000
			$962,000
			$962,500
			$1,265,000
			Can not be determined with the information given

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. Balance Sheet. 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
			Notes payable
			Consulting revenues
			Cost of Goods Sold

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:

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 Quiz

BUSN 379 Week 1 Quiz

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