Best xGrades | xMust xPass | xLatest xUpdate | xCorrect xAnswers | x2024/ 2025
BA323 - Exam 1 Questions and Correct
Answers | Latest Update
What xfunction xis xgenerally xa xresponsibility xassigned xto xthe xcorporate xtreasurer?
capital expenditures
Jenna xhas xbeen xpromoted xand xis xnow xin xcharge xof xall xexternal xfinancing. xIn xother xwords,
she xis xin xcharge xof:
x
capital structure management
If xyou xaccept xa xjob x as xa x domestic xsecurity xanalyst xfor xa x brokerage xfirm, xyou xare x most xlikely
x working xin xwhat xfinancial xarea?
investments
Corporation
a legal entity separate from its owners
Jamie xis xemployed x as xa xcurrency xtrader xin xthe xJapanese xyen x market. x Her xjob xfalls xinto
x what xarea xof xfinance?
international finance
~ x1 x~ x
, Best xGrades | xMust xPass | xLatest xUpdate | xCorrect xAnswers | x2024/ 2025
What xfunction xshould xbe xassigned xto xthe xcorporate xtreasurer xrather xthan xto xthe xcontroller?
cash management
What x occupation x fits xinto xthe xcorporate x area x of x finance?
Chief financial officer (CFO)
Margie xopened xa x used xbookstore xand xis xboth xthe x100% x owner x and xthe xstore's x manager.
x What xtype x of xbusiness xentity x does x Margie xown xif xshe xis xpersonally xliable xfor xall xthe
x store's xdebts?
sole proprietorship
The xpotential xconflict xof xinterest xbetween x a xfirm's xowners xand xits x managers xis xreferred xto
x as xwhat xtype xof xconflict?
agency conflict
The xprimary xgoal xof xfinancial xmanagement xis xto:
maximize the market value of existing stock (increasing the market valu e
of the firm)
General x partnership
~ x1 x
, Best xGrades | xMust xPass | xLatest xUpdate | xCorrect xAnswers | x2024/ 2025
any one of the partners can be held solely liable for all of the
partnership's debt
Theo's xBBQ xhas x$48,000 xin xcurrent xassets xand x$39,000 xin xcurrent xliabilities. xDecisions
related xto xthese xaccounts xare xreferred xto xas:
x
working capital management
An xagency xissue xis xmost xapt xto xdevelop xwhen:
the control of a firm is separated from the firm's ownership
Uptown x Markets xis xfinanced x with x 45% xdebt x and x55% x equity. xThis x mixture x of xdebt xand
x equity xis xreferred xto xas xthe xfirm's:
capital structure
Pharrell, xInc., xhas xsales xof x$602,000, xcosts x of$256,000, x depreciation xexpense xof x$62,500,
x interest xexpense xof x$29,500, xand xa xtax xrate xof x40%.
What xis xthe xnet xincome xfor xthis xfirm?
$152,400
~ x1 x~ x
, Best xGrades | xMust xPass | xLatest xUpdate | xCorrect xAnswers | x2024/ 2025
Pharrell, xInc., xhas xsales xof x$602,000, xcosts x of$256,000, x depreciation xexpense xof x$62,500,
x interest xexpense xof x$29,500, xand xa xtax xrate xof x40%. xThe xfirm xpaid xout x$44,500 xin xcash
x dividends.
What xis xthe xaddition xto xretained xearnings?
$107,900
Pharrell, xInc. xhas xsales xof x $595,000, xcosts xof x$263,000, x depreciation xexpense xof x$66,000,
x interest xexpense xof x$33,000, xand xa xtax xrate xof x30%. xThe xfirm xpaid xout x$41,000 xin xcash
x dividends xand xhas x50,000 xshares xof xcommon xstock x outstanding.
What xis xthe xearnings xper xshare xfigure?
$3.26
Pharrell, xInc. xhas xsales xof x $595,000, xcosts xof x$263,000, x depreciation xexpense xof x$66,000,
x interest xexpense xof x$33,000, xand xa xtax xrate xof x30%. xThe xfirm xpaid xout x$41,000 xin xcash
x dividends xand xhas x50,000 xshares xof xcommon xstock x outstanding.
What xis xthe xdividends xper xshare xfigure?
$0.82
~ x1 x~ x
BA323 - Exam 1 Questions and Correct
Answers | Latest Update
What xfunction xis xgenerally xa xresponsibility xassigned xto xthe xcorporate xtreasurer?
capital expenditures
Jenna xhas xbeen xpromoted xand xis xnow xin xcharge xof xall xexternal xfinancing. xIn xother xwords,
she xis xin xcharge xof:
x
capital structure management
If xyou xaccept xa xjob x as xa x domestic xsecurity xanalyst xfor xa x brokerage xfirm, xyou xare x most xlikely
x working xin xwhat xfinancial xarea?
investments
Corporation
a legal entity separate from its owners
Jamie xis xemployed x as xa xcurrency xtrader xin xthe xJapanese xyen x market. x Her xjob xfalls xinto
x what xarea xof xfinance?
international finance
~ x1 x~ x
, Best xGrades | xMust xPass | xLatest xUpdate | xCorrect xAnswers | x2024/ 2025
What xfunction xshould xbe xassigned xto xthe xcorporate xtreasurer xrather xthan xto xthe xcontroller?
cash management
What x occupation x fits xinto xthe xcorporate x area x of x finance?
Chief financial officer (CFO)
Margie xopened xa x used xbookstore xand xis xboth xthe x100% x owner x and xthe xstore's x manager.
x What xtype x of xbusiness xentity x does x Margie xown xif xshe xis xpersonally xliable xfor xall xthe
x store's xdebts?
sole proprietorship
The xpotential xconflict xof xinterest xbetween x a xfirm's xowners xand xits x managers xis xreferred xto
x as xwhat xtype xof xconflict?
agency conflict
The xprimary xgoal xof xfinancial xmanagement xis xto:
maximize the market value of existing stock (increasing the market valu e
of the firm)
General x partnership
~ x1 x
, Best xGrades | xMust xPass | xLatest xUpdate | xCorrect xAnswers | x2024/ 2025
any one of the partners can be held solely liable for all of the
partnership's debt
Theo's xBBQ xhas x$48,000 xin xcurrent xassets xand x$39,000 xin xcurrent xliabilities. xDecisions
related xto xthese xaccounts xare xreferred xto xas:
x
working capital management
An xagency xissue xis xmost xapt xto xdevelop xwhen:
the control of a firm is separated from the firm's ownership
Uptown x Markets xis xfinanced x with x 45% xdebt x and x55% x equity. xThis x mixture x of xdebt xand
x equity xis xreferred xto xas xthe xfirm's:
capital structure
Pharrell, xInc., xhas xsales xof x$602,000, xcosts x of$256,000, x depreciation xexpense xof x$62,500,
x interest xexpense xof x$29,500, xand xa xtax xrate xof x40%.
What xis xthe xnet xincome xfor xthis xfirm?
$152,400
~ x1 x~ x
, Best xGrades | xMust xPass | xLatest xUpdate | xCorrect xAnswers | x2024/ 2025
Pharrell, xInc., xhas xsales xof x$602,000, xcosts x of$256,000, x depreciation xexpense xof x$62,500,
x interest xexpense xof x$29,500, xand xa xtax xrate xof x40%. xThe xfirm xpaid xout x$44,500 xin xcash
x dividends.
What xis xthe xaddition xto xretained xearnings?
$107,900
Pharrell, xInc. xhas xsales xof x $595,000, xcosts xof x$263,000, x depreciation xexpense xof x$66,000,
x interest xexpense xof x$33,000, xand xa xtax xrate xof x30%. xThe xfirm xpaid xout x$41,000 xin xcash
x dividends xand xhas x50,000 xshares xof xcommon xstock x outstanding.
What xis xthe xearnings xper xshare xfigure?
$3.26
Pharrell, xInc. xhas xsales xof x $595,000, xcosts xof x$263,000, x depreciation xexpense xof x$66,000,
x interest xexpense xof x$33,000, xand xa xtax xrate xof x30%. xThe xfirm xpaid xout x$41,000 xin xcash
x dividends xand xhas x50,000 xshares xof xcommon xstock x outstanding.
What xis xthe xdividends xper xshare xfigure?
$0.82
~ x1 x~ x
