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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FINC 331: Finance for Nonfinancial Manager Final Exam

FINC 331: Finance for Nonfinancial Manager Final Exam in $32 Only

FINC 331: Finance for Nonfinancial Manager
Final Exam

Please submit your final exam answers through your Assignments Folder. Create a word document that contains your numbered answers to the exam. There is no need to retype the questions. Number your answers to correspond with the exam. You will then submit the file through the Assignment Folder in the WebTycho classroom. Alternatively, you may type your answers directly in the Text area of the Create Assignment window (within the Assignment Folder). With either method please clearly mark your exam answers with your name.

1) Which of the following forms of business organization has the greatest ability to attract new capital?

A) sole proprietorship

B) general partnership

C) corporation

D) none of the above

2) Which of the following forms of business organizations provide limited liability to all its owners?