MBA 702 Test 1 – Questions With Verified Solutions
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Terms in this set (112)
Suppose a certain business pays 22.0%
10.0% tax on its first $10,000 in come,
3 multiple choice options
12.0% tax on income above $10,000
but below $40,000, and 22.0% tax on
income above $40,000. Suppose the
business earns $50,000 in income this
year. It's marginal tax rate is_____.
In early 2021, Facebook's the book value of Facebook's equity is far less than
market/book ratio was roughly 6.5. A the total market value of the company's stock
market/book ratio that much greater
3 multiple choice options
than 1.0 for Facebook means
that_______.
Cross-sectional ratio analysis is used measure relative performance of a firm with its
to ________ peers
2 multiple choice options
,Which of the following forms of sole proprietorships
organizations is the easiest to form?
3 multiple choice options
Book value per share is the ratio of common stock equity to number of outstanding
________ common shares
3 multiple choice options
The Sarbanes-Oxley Act of 2002 True
established the Public Company 1 multiple choice option
Accounting Oversight Board
(PCAOB) which is a not-for-profit
corporation that oversees auditors of
public corporations.
Which of the following activities of a investment decisions
finance manager determines the 2 multiple choice options
types of assets the firm holds?
The primary principle that finance marginal cost-benefit analysis
borrows from economics is______
2 multiple choice options
The board of directors is responsible False
for managing day-to-day operations 1 multiple choice option
and carrying out the policies
established by the chief executive
officer.
Two frequently cited ratios of the gross profit margin and the net profit margin
profitability that can be read directly
3 multiple choice options
from the common-size income
statement are _______
, A financial manager must choose Asset 1
between four alternative Assets: 1, 2,
3, and 4. Each asset costs $35,000
and is expected to provide earnings
over a three-year period as
described below.
3 multiple choice options
Based on the wealth maximization
goal, the financial manager would
choose___
A firm's annual stockholders' report ___ summarizes and documents the firm's financial
activities during the past year
3 multiple choice options
The primary goal of a financial maximizing wealth
manager is ____ 3 multiple choice options
If a firm's stockholders are risk averse, False
the firm will make its stockholders
better off by earning the highest
possible returns on its investment
In 2021, Williams Sonoma reported 10%
sales of $6,783 million, gross profits 3 multiple choice options
of $2,647 million, EBIT of $949 million,
and net income of $681 million. It's
net profit margin that year was
closest to_____
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Match Blocks Charms NEW
Terms in this set (112)
Suppose a certain business pays 22.0%
10.0% tax on its first $10,000 in come,
3 multiple choice options
12.0% tax on income above $10,000
but below $40,000, and 22.0% tax on
income above $40,000. Suppose the
business earns $50,000 in income this
year. It's marginal tax rate is_____.
In early 2021, Facebook's the book value of Facebook's equity is far less than
market/book ratio was roughly 6.5. A the total market value of the company's stock
market/book ratio that much greater
3 multiple choice options
than 1.0 for Facebook means
that_______.
Cross-sectional ratio analysis is used measure relative performance of a firm with its
to ________ peers
2 multiple choice options
,Which of the following forms of sole proprietorships
organizations is the easiest to form?
3 multiple choice options
Book value per share is the ratio of common stock equity to number of outstanding
________ common shares
3 multiple choice options
The Sarbanes-Oxley Act of 2002 True
established the Public Company 1 multiple choice option
Accounting Oversight Board
(PCAOB) which is a not-for-profit
corporation that oversees auditors of
public corporations.
Which of the following activities of a investment decisions
finance manager determines the 2 multiple choice options
types of assets the firm holds?
The primary principle that finance marginal cost-benefit analysis
borrows from economics is______
2 multiple choice options
The board of directors is responsible False
for managing day-to-day operations 1 multiple choice option
and carrying out the policies
established by the chief executive
officer.
Two frequently cited ratios of the gross profit margin and the net profit margin
profitability that can be read directly
3 multiple choice options
from the common-size income
statement are _______
, A financial manager must choose Asset 1
between four alternative Assets: 1, 2,
3, and 4. Each asset costs $35,000
and is expected to provide earnings
over a three-year period as
described below.
3 multiple choice options
Based on the wealth maximization
goal, the financial manager would
choose___
A firm's annual stockholders' report ___ summarizes and documents the firm's financial
activities during the past year
3 multiple choice options
The primary goal of a financial maximizing wealth
manager is ____ 3 multiple choice options
If a firm's stockholders are risk averse, False
the firm will make its stockholders
better off by earning the highest
possible returns on its investment
In 2021, Williams Sonoma reported 10%
sales of $6,783 million, gross profits 3 multiple choice options
of $2,647 million, EBIT of $949 million,
and net income of $681 million. It's
net profit margin that year was
closest to_____
