Best ssGrades | ssMust ssPass | ssLatest ssUpdate | ssCorrect ssAnswers | 2025
ss2024/
BA323 - Exam 1 Questions and Correct
Answers | Latest Update
What ssfunction ssis ssgenerally ssa ssresponsibility ssassigned ssto ssthe sscorporate sstreasurer?
capital expenditures
Jenna sshas ssbeen sspromoted ssand ssis ssnow ssin sscharge ssof ssall ssexternal ssfinancing. ssIn ssother
words, ssshe ssis ssin sscharge ssof:
ss
capital structure management
If ssyou ssaccept ssa ssjob ssas ssa ssdomestic sssecurity ssanalyst ssfor ssa ssbrokerage ssfirm, ssyou ssare
ss most sslikely ssworking ssin sswhat ssfinancial ssarea?
investments
Corporation
a legal entity separate from its owners
Jamie ssis ssemployed ssas ssa sscurrency sstrader ssin ssthe ssJapanese ssyen ssmarket. ssHer ssjob ssfalls
ss into sswhat ssarea ssof ssfinance?
international finance
~ ss1 ss~ ss
, Best ssGrades | ssMust ssPass | ssLatest ssUpdate | ssCorrect ssAnswers | 2025
ss2024/
What ssfunction ssshould ssbe ssassigned ssto ssthe sscorporate sstreasurer ssrather ssthan ssto ssthe
sscontroller?
cash management
What ss occupation ss fits ssinto ssthe ss corporate ss area ss of ss finance?
Chief financial officer (CFO)
Margie ssopened ssa ssused ssbookstore ssand ssis ssboth ssthe ss100% ssowner ssand ssthe ssstore's
ss manager. ssWhat sstype ssof ssbusiness ssentity ssdoes ssMargie ssown ssif ssshe ssis sspersonally
ss liable ssfor ssall ssthe ssstore's ssdebts?
sole proprietorship
The sspotential ssconflict ssof ssinterest ssbetween ssa ssfirm's ssowners ssand ssits ssmanagers ssis
ss referred ssto ssas sswhat sstype ssof ssconflict?
agency conflict
The ssprimary ssgoal ssof ssfinancial ssmanagement ssis ssto:
maximize the market value of existing stock (increasing the market valu e
of the firm)
General ss partnership
,~ ss1 ss
, Best ssGrades | ssMust ssPass | ssLatest ssUpdate | ssCorrect ssAnswers | 2025
ss2024/
any one of the partners can be held solely liable for all of the
partnership's debt
Theo's ssBBQ sshas ss$48,000 ssin sscurrent ssassets ssand ss$39,000 ssin sscurrent ssliabilities. ssDecisions
related ssto ssthese ssaccounts ssare ssreferred ssto ssas:
ss
working capital management
An ssagency ssissue ssis ssmost ssapt ssto ssdevelop sswhen:
the control of a firm is separated from the firm's ownership
Uptown ssMarkets ssis ssfinanced sswith ss45% ssdebt ssand ss55% ssequity. ssThis ssmixture ssof ssdebt
ss and ssequity ssis ssreferred ssto ssas ssthe ssfirm's:
capital structure
Pharrell, ssInc., sshas sssales ssof ss$602,000, sscosts ssof$256,000, ssdepreciation ssexpense ssof
ss $62,500, ssinterest ssexpense ssof ss$29,500, ssand ssa sstax ssrate ssof ss40%.
What ssis ssthe ssnet ssincome ssfor ssthis ssfirm?
$152,400
~ ss1 ss~ ss
ss2024/
BA323 - Exam 1 Questions and Correct
Answers | Latest Update
What ssfunction ssis ssgenerally ssa ssresponsibility ssassigned ssto ssthe sscorporate sstreasurer?
capital expenditures
Jenna sshas ssbeen sspromoted ssand ssis ssnow ssin sscharge ssof ssall ssexternal ssfinancing. ssIn ssother
words, ssshe ssis ssin sscharge ssof:
ss
capital structure management
If ssyou ssaccept ssa ssjob ssas ssa ssdomestic sssecurity ssanalyst ssfor ssa ssbrokerage ssfirm, ssyou ssare
ss most sslikely ssworking ssin sswhat ssfinancial ssarea?
investments
Corporation
a legal entity separate from its owners
Jamie ssis ssemployed ssas ssa sscurrency sstrader ssin ssthe ssJapanese ssyen ssmarket. ssHer ssjob ssfalls
ss into sswhat ssarea ssof ssfinance?
international finance
~ ss1 ss~ ss
, Best ssGrades | ssMust ssPass | ssLatest ssUpdate | ssCorrect ssAnswers | 2025
ss2024/
What ssfunction ssshould ssbe ssassigned ssto ssthe sscorporate sstreasurer ssrather ssthan ssto ssthe
sscontroller?
cash management
What ss occupation ss fits ssinto ssthe ss corporate ss area ss of ss finance?
Chief financial officer (CFO)
Margie ssopened ssa ssused ssbookstore ssand ssis ssboth ssthe ss100% ssowner ssand ssthe ssstore's
ss manager. ssWhat sstype ssof ssbusiness ssentity ssdoes ssMargie ssown ssif ssshe ssis sspersonally
ss liable ssfor ssall ssthe ssstore's ssdebts?
sole proprietorship
The sspotential ssconflict ssof ssinterest ssbetween ssa ssfirm's ssowners ssand ssits ssmanagers ssis
ss referred ssto ssas sswhat sstype ssof ssconflict?
agency conflict
The ssprimary ssgoal ssof ssfinancial ssmanagement ssis ssto:
maximize the market value of existing stock (increasing the market valu e
of the firm)
General ss partnership
,~ ss1 ss
, Best ssGrades | ssMust ssPass | ssLatest ssUpdate | ssCorrect ssAnswers | 2025
ss2024/
any one of the partners can be held solely liable for all of the
partnership's debt
Theo's ssBBQ sshas ss$48,000 ssin sscurrent ssassets ssand ss$39,000 ssin sscurrent ssliabilities. ssDecisions
related ssto ssthese ssaccounts ssare ssreferred ssto ssas:
ss
working capital management
An ssagency ssissue ssis ssmost ssapt ssto ssdevelop sswhen:
the control of a firm is separated from the firm's ownership
Uptown ssMarkets ssis ssfinanced sswith ss45% ssdebt ssand ss55% ssequity. ssThis ssmixture ssof ssdebt
ss and ssequity ssis ssreferred ssto ssas ssthe ssfirm's:
capital structure
Pharrell, ssInc., sshas sssales ssof ss$602,000, sscosts ssof$256,000, ssdepreciation ssexpense ssof
ss $62,500, ssinterest ssexpense ssof ss$29,500, ssand ssa sstax ssrate ssof ss40%.
What ssis ssthe ssnet ssincome ssfor ssthis ssfirm?
$152,400
~ ss1 ss~ ss
