FINC 331 Finance for the Non financial Manager Quiz 1 Answers

FINC 331 Finance for the Non financial Manager Quiz 1 Answers for $15 OnlyFINC 331 Finance for the Non financial Manager Quiz 1 Answers

  1. Which of the following is a responsibility of a financial manager?
  2. Which of the following should you consider when choosing an organizational structure for a business?
  3. Which of the following is NOT a step in constructing a multi-step income statement?
  4. Which of the following is the correct definition of the accounting equation?
  5. Which of the following is NOT a correct way of calculating a liquidity ratio?
  6. Which of the following is NOT a way to calculate the debt to equity ratio?
  7. Which of the following is NOT information used to calculate an asset’s book value?
  8. Which of the following is NOT a component of the Cash Flow Statement?
  9. A company had $5,000,000 in total revenues for its fiscal year. Its expenses for the year were $3,500,000. Its total assets were $12,500,000. What is the company’s return on assets for the fiscal year?
  10. A business begins its fiscal year with $10,000,000 in total assets. During the year it has net sales revenue of $45,000,000. At the end of the year it has $8,000,000 in total assets. What is its total assets turnover ratio?
  11. A company has $100,00 in cash, $300,000 in accounts receivable, $50,000 in inventory and a $300,000 office building. Its current liabilities are $250,000. What is the company’s current ratio, and does that ratio good short-term financial strength?
  12. Suppose that a public corporation has a total market value (according to its stock price and number of shares outstanding) of $500 million. If its current net income is $10 per share and it has 1 million shares outstanding, what is the value of its P/E ratio?
  13. Which of the following statements correctly defines a component of Cost of Goods Sold?
  14. A company wants to have $5 million in sales with $1 million in profit. It will have fixed costs of $3 million. Each unit of its product sells for $20. How much contribution per unit must the company have to meet its goals?
  15. A company wants to increase the amount of time in its disbursement cycle. Which of the following is a valid way to do that?
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