FINC 3610 Final Exam Prep Newest 2026-2027 Actual
Exam With Complete 100 Questions And Correct
Detailed Answers (Verified Answers) |Already Graded
A+
what is the tax rate that applies to the next $1 earned? - Answer :marginal tax rate
operating cash flows= - Answer :EBIT + depreciation -taxes
in bankruptcy, who gets paid first? - Answer :secured creditors
cross sectional analysis - Answer :involves comparing a firm to a peer group
standardizing the income statement involves dividing by what? - Answer :sales
what tells us how efficiently a firm is using its assets to generate revenue? - Answer :asset turnover
why is the ROA and ROE different? - Answer :leverage
The Vice President of finance coordinates the activities of the ________ and the __________. - Answer
:treasurer and controller
controller - Answer :Manages the accounting department
treasurer - Answer :handles finance related decisions
, working capital - Answer :a firm's short-term assets and liabilities
sole proprietorship - Answer :a business owned by a single person
PROS
-small business
-simple and easy to start
-cashflow taxed as personal income
CONS
-unlimited liability
-ends w/ death of owner
-ownership transfer is hard
-capital raised is limited to owners wealth
partnership - Answer :a business formed by two or more individuals or entities
PROS
-allows for more than 1 owner
-simple and easy
-cashflow taxed as personal income
CONS
-unlimited liability
-ends w/ death of owner
-ownership transfer is hard
-capital raised is limited to owners wealth
corporation - Answer :large business as its entity
PROS
-limited liability
-as many owners as wanted
-ownership transfer is easy
Exam With Complete 100 Questions And Correct
Detailed Answers (Verified Answers) |Already Graded
A+
what is the tax rate that applies to the next $1 earned? - Answer :marginal tax rate
operating cash flows= - Answer :EBIT + depreciation -taxes
in bankruptcy, who gets paid first? - Answer :secured creditors
cross sectional analysis - Answer :involves comparing a firm to a peer group
standardizing the income statement involves dividing by what? - Answer :sales
what tells us how efficiently a firm is using its assets to generate revenue? - Answer :asset turnover
why is the ROA and ROE different? - Answer :leverage
The Vice President of finance coordinates the activities of the ________ and the __________. - Answer
:treasurer and controller
controller - Answer :Manages the accounting department
treasurer - Answer :handles finance related decisions
, working capital - Answer :a firm's short-term assets and liabilities
sole proprietorship - Answer :a business owned by a single person
PROS
-small business
-simple and easy to start
-cashflow taxed as personal income
CONS
-unlimited liability
-ends w/ death of owner
-ownership transfer is hard
-capital raised is limited to owners wealth
partnership - Answer :a business formed by two or more individuals or entities
PROS
-allows for more than 1 owner
-simple and easy
-cashflow taxed as personal income
CONS
-unlimited liability
-ends w/ death of owner
-ownership transfer is hard
-capital raised is limited to owners wealth
corporation - Answer :large business as its entity
PROS
-limited liability
-as many owners as wanted
-ownership transfer is easy
