Best iGrades | iMust iPass | iLatest iUpdate | iCorrect iAnswers | i2024/ 2025
BA323 - Exam 1 Questions and Correct
Answers | Latest Update
What ifunction iis igenerally ia iresponsibility iassigned ito ithe icorporate itreasurer?
capital expenditures
Jenna ihas ibeen ipromoted iand iis inow iin icharge iof iall iexternal ifinancing. iIn iother iwords, ishe iis
in icharge iof:
i
capital structure management
If iyou iaccept ia ijob ias ia idomestic isecurity ianalyst ifor ia ibrokerage ifirm, iyou iare imost ilikely
working iin iwhat ifinancial iarea?
i
investments
Corporation
a legal entity separate from its owners
Jamie iis iemployed ias ia icurrency itrader iin ithe iJapanese iyen imarket. iHer ijob ifalls iinto iwhat
area iof ifinance?
i
international finance
~ i1 i~ i
, Best iGrades | iMust iPass | iLatest iUpdate | iCorrect iAnswers | i2024/ 2025
What ifunction ishould ibe iassigned ito ithe icorporate itreasurer irather ithan ito ithe icontroller?
cash management
What ioccupation ifits iinto ithe icorporate iarea iof ifinance?
Chief financial officer (CFO)
Margie iopened ia iused ibookstore iand iis iboth ithe i100% iowner iand ithe istore's imanager.
i What itype iof ibusiness ientity idoes iMargie iown iif ishe iis ipersonally iliable ifor iall ithe istore's
debts?
i
sole proprietorship
The ipotential iconflict iof iinterest ibetween ia ifirm's iowners iand iits imanagers iis ireferred ito ias
what itype iof iconflict?
i
agency conflict
The iprimary igoal iof ifinancial imanagement iis ito:
maximize the market value of existing stock (increasing the market valu e
of the firm)
General i partnership
~ i1 i
, Best iGrades | iMust iPass | iLatest iUpdate | iCorrect iAnswers | i2024/ 2025
any one of the partners can be held solely liable for all of the
partnership's debt
Theo's iBBQ ihas i$48,000 iin icurrent iassets iand i$39,000 iin icurrent iliabilities. iDecisions ir elated
to ithese iaccounts iare ireferred ito ias:
i
working capital management
An iagency iissue iis imost iapt ito idevelop iwhen:
the control of a firm is separated from the firm's ownership
Uptown iMarkets iis ifinanced iwith i45% idebt iand i55% iequity. iThis imixture iof idebt iand
equity iis ireferred ito ias ithe ifirm's:
i
capital structure
Pharrell, iInc., ihas isales iof i$602,000, icosts iof$256,000, idepreciation iexpense iof i$62,500,
interest iexpense iof i$29,500, iand ia itax irate iof i40%.
i
What iis ithe inet iincome ifor ithis ifirm?
$152,400
~ i1 i~ i
, Best iGrades | iMust iPass | iLatest iUpdate | iCorrect iAnswers | i2024/ 2025
Pharrell, iInc., ihas isales iof i$602,000, icosts iof$256,000, idepreciation iexpense iof i$62,500,
interest iexpense iof i$29,500, iand ia itax irate iof i40%. iThe ifirm ipaid iout i$44,500 iin icash
i
dividends.
i
What iis ithe iaddition ito iretained iearnings?
$107,900
Pharrell, iInc. ihas isales iof i$595,000, icosts iof i$263,000, idepreciation iexpense iof i$66,000,
interest iexpense iof i$33,000, iand ia itax irate iof i30%. iThe ifirm ipaid iout i$41,000 iin icash
i
dividends iand ihas i50,000 ishares iof icommon istock ioutstanding.
i
What iis ithe iearnings iper ishare ifigure?
$3.26
Pharrell, iInc. ihas isales iof i$595,000, icosts iof i$263,000, idepreciation iexpense iof i$66,000,
interest iexpense iof i$33,000, iand ia itax irate iof i30%. iThe ifirm ipaid iout i$41,000 iin icash
i
dividends iand ihas i50,000 ishares iof icommon istock ioutstanding.
i
What iis ithe idividends iper ishare ifigure?
$0.82
~ i1 i~ i
BA323 - Exam 1 Questions and Correct
Answers | Latest Update
What ifunction iis igenerally ia iresponsibility iassigned ito ithe icorporate itreasurer?
capital expenditures
Jenna ihas ibeen ipromoted iand iis inow iin icharge iof iall iexternal ifinancing. iIn iother iwords, ishe iis
in icharge iof:
i
capital structure management
If iyou iaccept ia ijob ias ia idomestic isecurity ianalyst ifor ia ibrokerage ifirm, iyou iare imost ilikely
working iin iwhat ifinancial iarea?
i
investments
Corporation
a legal entity separate from its owners
Jamie iis iemployed ias ia icurrency itrader iin ithe iJapanese iyen imarket. iHer ijob ifalls iinto iwhat
area iof ifinance?
i
international finance
~ i1 i~ i
, Best iGrades | iMust iPass | iLatest iUpdate | iCorrect iAnswers | i2024/ 2025
What ifunction ishould ibe iassigned ito ithe icorporate itreasurer irather ithan ito ithe icontroller?
cash management
What ioccupation ifits iinto ithe icorporate iarea iof ifinance?
Chief financial officer (CFO)
Margie iopened ia iused ibookstore iand iis iboth ithe i100% iowner iand ithe istore's imanager.
i What itype iof ibusiness ientity idoes iMargie iown iif ishe iis ipersonally iliable ifor iall ithe istore's
debts?
i
sole proprietorship
The ipotential iconflict iof iinterest ibetween ia ifirm's iowners iand iits imanagers iis ireferred ito ias
what itype iof iconflict?
i
agency conflict
The iprimary igoal iof ifinancial imanagement iis ito:
maximize the market value of existing stock (increasing the market valu e
of the firm)
General i partnership
~ i1 i
, Best iGrades | iMust iPass | iLatest iUpdate | iCorrect iAnswers | i2024/ 2025
any one of the partners can be held solely liable for all of the
partnership's debt
Theo's iBBQ ihas i$48,000 iin icurrent iassets iand i$39,000 iin icurrent iliabilities. iDecisions ir elated
to ithese iaccounts iare ireferred ito ias:
i
working capital management
An iagency iissue iis imost iapt ito idevelop iwhen:
the control of a firm is separated from the firm's ownership
Uptown iMarkets iis ifinanced iwith i45% idebt iand i55% iequity. iThis imixture iof idebt iand
equity iis ireferred ito ias ithe ifirm's:
i
capital structure
Pharrell, iInc., ihas isales iof i$602,000, icosts iof$256,000, idepreciation iexpense iof i$62,500,
interest iexpense iof i$29,500, iand ia itax irate iof i40%.
i
What iis ithe inet iincome ifor ithis ifirm?
$152,400
~ i1 i~ i
, Best iGrades | iMust iPass | iLatest iUpdate | iCorrect iAnswers | i2024/ 2025
Pharrell, iInc., ihas isales iof i$602,000, icosts iof$256,000, idepreciation iexpense iof i$62,500,
interest iexpense iof i$29,500, iand ia itax irate iof i40%. iThe ifirm ipaid iout i$44,500 iin icash
i
dividends.
i
What iis ithe iaddition ito iretained iearnings?
$107,900
Pharrell, iInc. ihas isales iof i$595,000, icosts iof i$263,000, idepreciation iexpense iof i$66,000,
interest iexpense iof i$33,000, iand ia itax irate iof i30%. iThe ifirm ipaid iout i$41,000 iin icash
i
dividends iand ihas i50,000 ishares iof icommon istock ioutstanding.
i
What iis ithe iearnings iper ishare ifigure?
$3.26
Pharrell, iInc. ihas isales iof i$595,000, icosts iof i$263,000, idepreciation iexpense iof i$66,000,
interest iexpense iof i$33,000, iand ia itax irate iof i30%. iThe ifirm ipaid iout i$41,000 iin icash
i
dividends iand ihas i50,000 ishares iof icommon istock ioutstanding.
i
What iis ithe idividends iper ishare ifigure?
$0.82
~ i1 i~ i
