Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
BA323 - Exam 1 Questions and Correct
Answers | Latest Update
What function is generally a responsibility assigned to the corporate treasurer?
capital expenditures
Jenna has been promoted and is now in charge of all external financing. In other words, she is
in charge of:
capital structure management
If you accept a job as a domestic security analyst for a brokerage firm, you are most likely
working in what financial area?
investments
Corporation
a legal entity separate from its owners
Jamie is employed as a currency trader in the Japanese yen market. Her job falls into what
area of finance?
international finance
~1~
, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
What function should be assigned to the corporate treasurer rather than to the controller?
cash management
What occupation fits into the corporate area of finance?
Chief financial officer (CFO)
Margie opened a used bookstore and is both the 100% owner and the store's manager.
What type of business entity does Margie own if she is personally liable for all the store's
debts?
sole proprietorship
The potential conflict of interest between a firm's owners and its managers is referred to as
what type of conflict?
agency conflict
The primary goal of financial management is to:
maximize the market value of existing stock (increasing the market valu e
of the firm)
General partnership
~1
, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
any one of the partners can be held solely liable for all of the
partnership's debt
Theo's BBQ has $48,000 in current assets and $39,000 in current liabilities. Decisions related
to these accounts are referred to as:
working capital management
An agency issue is most apt to develop when:
the control of a firm is separated from the firm's ownership
Uptown Markets is financed with 45% debt and 55% equity. This mixture of debt and equity
is referred to as the firm's:
capital structure
Pharrell, Inc., has sales of $602,000, costs of$256,000, depreciation expense of $62,500,
interest expense of $29,500, and a tax rate of 40%.
What is the net income for this firm?
$152,400
~1~
, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
Pharrell, Inc., has sales of $602,000, costs of$256,000, depreciation expense of $62,500,
interest expense of $29,500, and a tax rate of 40%. The firm paid out $44,500 in cash
dividends.
What is the addition to retained earnings?
$107,900
Pharrell, Inc. has sales of $595,000, costs of $263,000, depreciation expense of $66,000,
interest expense of $33,000, and a tax rate of 30%. The firm paid out $41,000 in cash
dividends and has 50,000 shares of common stock outstanding.
What is the earnings per share figure?
$3.26
Pharrell, Inc. has sales of $595,000, costs of $263,000, depreciation expense of $66,000,
interest expense of $33,000, and a tax rate of 30%. The firm paid out $41,000 in cash
dividends and has 50,000 shares of common stock outstanding.
What is the dividends per share figure?
$0.82
~1~
BA323 - Exam 1 Questions and Correct
Answers | Latest Update
What function is generally a responsibility assigned to the corporate treasurer?
capital expenditures
Jenna has been promoted and is now in charge of all external financing. In other words, she is
in charge of:
capital structure management
If you accept a job as a domestic security analyst for a brokerage firm, you are most likely
working in what financial area?
investments
Corporation
a legal entity separate from its owners
Jamie is employed as a currency trader in the Japanese yen market. Her job falls into what
area of finance?
international finance
~1~
, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
What function should be assigned to the corporate treasurer rather than to the controller?
cash management
What occupation fits into the corporate area of finance?
Chief financial officer (CFO)
Margie opened a used bookstore and is both the 100% owner and the store's manager.
What type of business entity does Margie own if she is personally liable for all the store's
debts?
sole proprietorship
The potential conflict of interest between a firm's owners and its managers is referred to as
what type of conflict?
agency conflict
The primary goal of financial management is to:
maximize the market value of existing stock (increasing the market valu e
of the firm)
General partnership
~1
, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
any one of the partners can be held solely liable for all of the
partnership's debt
Theo's BBQ has $48,000 in current assets and $39,000 in current liabilities. Decisions related
to these accounts are referred to as:
working capital management
An agency issue is most apt to develop when:
the control of a firm is separated from the firm's ownership
Uptown Markets is financed with 45% debt and 55% equity. This mixture of debt and equity
is referred to as the firm's:
capital structure
Pharrell, Inc., has sales of $602,000, costs of$256,000, depreciation expense of $62,500,
interest expense of $29,500, and a tax rate of 40%.
What is the net income for this firm?
$152,400
~1~
, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
Pharrell, Inc., has sales of $602,000, costs of$256,000, depreciation expense of $62,500,
interest expense of $29,500, and a tax rate of 40%. The firm paid out $44,500 in cash
dividends.
What is the addition to retained earnings?
$107,900
Pharrell, Inc. has sales of $595,000, costs of $263,000, depreciation expense of $66,000,
interest expense of $33,000, and a tax rate of 30%. The firm paid out $41,000 in cash
dividends and has 50,000 shares of common stock outstanding.
What is the earnings per share figure?
$3.26
Pharrell, Inc. has sales of $595,000, costs of $263,000, depreciation expense of $66,000,
interest expense of $33,000, and a tax rate of 30%. The firm paid out $41,000 in cash
dividends and has 50,000 shares of common stock outstanding.
What is the dividends per share figure?
$0.82
~1~
