Best Grades Il` |MustPass
Il̀ Il̀ |LatestUpdate
Il̀ Il̀ |CorrectAnswers
Il̀ Il̀ |
BA323 - Exam 1 Questions and Correct
Answers | Latest Update
What function is generally a responsibility assigned to the corporate treasurer?
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
capital expenditures
Jenna has been promoted and is now in charge of all external financing. In other words, she is in
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
Il` charge of: Il`
capital structure management
If you accept a job as a domestic security analyst for a brokerage firm, you are most likely working
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
inwhatfinancialarea?
Il̀ Il̀ Il̀ Il̀
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
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
Il` of finance? Il`
international finance
~1~
Il̀ Il̀ Il̀
, Best Grades Il` |MustPass
Il̀ Il̀ |LatestUpdate
Il̀ Il̀ |CorrectAnswers
Il̀ Il̀ |2024/ 2025
Il̀
What function should be assigned to the corporate treasurer rather than to the controller?
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
cash management
What occupation fits into the corporate area of finance?
I l` Il` Il` I l` Il` Il` I l` Il`
Chief financial officer (CFO)
Margie opened a used bookstore and is both the 100% owner and the store's manager. What
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
Il` type of business entity does Margie own if she is personally liable for all the store's debts?
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
sole proprietorship
The potential conflict of interest between a firm's owners and its managers is referred to as what
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
typeofconflict?
Il̀ Il̀ Il̀
agency conflict
The primary goal of financial management is to:
Il` Il` Il` Il` Il` Il` Il`
maximize the market value of existing stock (increasing the market valu e
of the firm)
General partnership I l `
~1 Il̀ Il̀
, Best Grades Il` |MustPass
Il̀ Il̀ |LatestUpdate
Il̀ Il̀ |CorrectAnswers
Il̀ Il̀ |2024/ 2025
Il̀
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 assetsand $39,000in current liabilities. Decisions related to
Il̀ Il` Il̀ Il` Il` Il` Il̀ Il` Il̀ Il` Il` Il̀ Il̀ Il`
theseaccountsare referredto as:
Il̀ Il̀ Il` Il` Il̀ Il`
working capital management
An agency issue is most apt to develop when:
Il` Il` Il` Il` Il` Il` Il` Il`
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
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
referredtoasthefirm's:
Il̀ Il̀ Il̀ Il̀ Il̀
capital structure
Pharrell, Inc., has sales of $602,000, costs of$256,000, depreciation expense of $62,500, interest
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
expenseof$29,500,andataxrateof40%.
Il̀ Il̀ l̀I Il̀ Il̀ Il̀ Il̀ Il̀ Il̀
What is the net income for this firm?
Il` Il` Il` Il` Il` Il` Il`
$152,400
~1~ Il̀ Il̀ Il̀
, Best Grades Il` |MustPass
Il̀ Il̀ |LatestUpdate
Il̀ Il̀ |CorrectAnswers
Il̀ Il̀ |2024/ 2025
Il̀
Pharrell, Inc., has sales of $602,000, costs of$256,000, depreciation expense of $62,500, interest
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
expenseof$29,500,andataxrateof40%.Thefirmpaidout$44,500incash dividends.
Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il`
Whatistheadditiontoretainedearnings?
Il̀ Il̀ Il̀ Il̀ Il̀ Il̀
$107,900
Pharrell, Inc. has sales of $595,000, costs of $263,000, depreciation expense of $66,000, interest
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
expenseof$33,000,andataxrateof30%.Thefirmpaidout$41,000incash dividends and has
Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il` Il` Il`
Il` 50,000 shares of common stock outstanding.
Il` Il` Il` Il` Il`
What is the earnings per share figure?
Il` Il` Il` Il` Il` Il`
$3.26
Pharrell, Inc. has sales of $595,000, costs of $263,000, depreciation expense of $66,000, interest
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
expenseof$33,000,andataxrateof30%.Thefirmpaidout$41,000incash dividends and has
Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il` Il` Il`
Il` 50,000 shares of common stock outstanding.
Il` Il` Il` Il` Il`
What is the dividends per share figure?
Il` Il` Il` Il` Il` Il`
$0.82
~1~ Il̀ Il̀ Il̀
Il̀ Il̀ |LatestUpdate
Il̀ Il̀ |CorrectAnswers
Il̀ Il̀ |
BA323 - Exam 1 Questions and Correct
Answers | Latest Update
What function is generally a responsibility assigned to the corporate treasurer?
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
capital expenditures
Jenna has been promoted and is now in charge of all external financing. In other words, she is in
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
Il` charge of: Il`
capital structure management
If you accept a job as a domestic security analyst for a brokerage firm, you are most likely working
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
inwhatfinancialarea?
Il̀ Il̀ Il̀ Il̀
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
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
Il` of finance? Il`
international finance
~1~
Il̀ Il̀ Il̀
, Best Grades Il` |MustPass
Il̀ Il̀ |LatestUpdate
Il̀ Il̀ |CorrectAnswers
Il̀ Il̀ |2024/ 2025
Il̀
What function should be assigned to the corporate treasurer rather than to the controller?
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
cash management
What occupation fits into the corporate area of finance?
I l` Il` Il` I l` Il` Il` I l` Il`
Chief financial officer (CFO)
Margie opened a used bookstore and is both the 100% owner and the store's manager. What
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
Il` type of business entity does Margie own if she is personally liable for all the store's debts?
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
sole proprietorship
The potential conflict of interest between a firm's owners and its managers is referred to as what
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
typeofconflict?
Il̀ Il̀ Il̀
agency conflict
The primary goal of financial management is to:
Il` Il` Il` Il` Il` Il` Il`
maximize the market value of existing stock (increasing the market valu e
of the firm)
General partnership I l `
~1 Il̀ Il̀
, Best Grades Il` |MustPass
Il̀ Il̀ |LatestUpdate
Il̀ Il̀ |CorrectAnswers
Il̀ Il̀ |2024/ 2025
Il̀
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 assetsand $39,000in current liabilities. Decisions related to
Il̀ Il` Il̀ Il` Il` Il` Il̀ Il` Il̀ Il` Il` Il̀ Il̀ Il`
theseaccountsare referredto as:
Il̀ Il̀ Il` Il` Il̀ Il`
working capital management
An agency issue is most apt to develop when:
Il` Il` Il` Il` Il` Il` Il` Il`
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
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
referredtoasthefirm's:
Il̀ Il̀ Il̀ Il̀ Il̀
capital structure
Pharrell, Inc., has sales of $602,000, costs of$256,000, depreciation expense of $62,500, interest
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
expenseof$29,500,andataxrateof40%.
Il̀ Il̀ l̀I Il̀ Il̀ Il̀ Il̀ Il̀ Il̀
What is the net income for this firm?
Il` Il` Il` Il` Il` Il` Il`
$152,400
~1~ Il̀ Il̀ Il̀
, Best Grades Il` |MustPass
Il̀ Il̀ |LatestUpdate
Il̀ Il̀ |CorrectAnswers
Il̀ Il̀ |2024/ 2025
Il̀
Pharrell, Inc., has sales of $602,000, costs of$256,000, depreciation expense of $62,500, interest
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
expenseof$29,500,andataxrateof40%.Thefirmpaidout$44,500incash dividends.
Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il`
Whatistheadditiontoretainedearnings?
Il̀ Il̀ Il̀ Il̀ Il̀ Il̀
$107,900
Pharrell, Inc. has sales of $595,000, costs of $263,000, depreciation expense of $66,000, interest
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
expenseof$33,000,andataxrateof30%.Thefirmpaidout$41,000incash dividends and has
Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il` Il` Il`
Il` 50,000 shares of common stock outstanding.
Il` Il` Il` Il` Il`
What is the earnings per share figure?
Il` Il` Il` Il` Il` Il`
$3.26
Pharrell, Inc. has sales of $595,000, costs of $263,000, depreciation expense of $66,000, interest
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`
expenseof$33,000,andataxrateof30%.Thefirmpaidout$41,000incash dividends and has
Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il̀ Il` Il` Il`
Il` 50,000 shares of common stock outstanding.
Il` Il` Il` Il` Il`
What is the dividends per share figure?
Il` Il` Il` Il` Il` Il`
$0.82
~1~ Il̀ Il̀ Il̀
