BFIN 300 Exam- 40 Questions with Correct
Verified Answers
The process of planning and managing a firm's long-term investments is called:
capital budgeting
which of the following is an example of an indirect agency cost?
a. unnecessary corporate expenditure
b. management auditing expense
c. a lost opportunity
d. all of the above
c. a lost opportunity
which of the following forms of business organization is subject to double taxation?
a. corporation
b. partnership
c. limited partnership
d. sole proprietorship
a. corporation
control of the firm ultimately rests with the...
stockholders
which of the following should a manager take into account when considering an
opportunity?
a. how much each they expect to recieve
, b. when they will receive the funds
c. how likely they are to receive funds
d. all of the above
D. all of the above
ABC corp has current assets of $5,200, fixed assets of $26,000, current liabilities of $4,900,
and longer term debt of $15,000. What is the ABC Corp's total equity? What is the NWC
of ABC Corp.
Total Equity $11300, NWC $300
XYZ Corp's balance sheet of 2019 showed net fixed assets of $1.56 million, and the 2020
balance sheet showed net fixed assets of $1.78million. The company's 2020 net income
statement showed a depreciation expense of $140,000. What was the company's net capital
spending for 2020?
$360,000
Which one of the following is the financial statement which shows the accounting value of a
firm's equity as of a particular date?
a. income statement
b. creditor statement
c. balance sheet
d. statement of cash flows
e. dividend statement
c. balance sheet
Verified Answers
The process of planning and managing a firm's long-term investments is called:
capital budgeting
which of the following is an example of an indirect agency cost?
a. unnecessary corporate expenditure
b. management auditing expense
c. a lost opportunity
d. all of the above
c. a lost opportunity
which of the following forms of business organization is subject to double taxation?
a. corporation
b. partnership
c. limited partnership
d. sole proprietorship
a. corporation
control of the firm ultimately rests with the...
stockholders
which of the following should a manager take into account when considering an
opportunity?
a. how much each they expect to recieve
, b. when they will receive the funds
c. how likely they are to receive funds
d. all of the above
D. all of the above
ABC corp has current assets of $5,200, fixed assets of $26,000, current liabilities of $4,900,
and longer term debt of $15,000. What is the ABC Corp's total equity? What is the NWC
of ABC Corp.
Total Equity $11300, NWC $300
XYZ Corp's balance sheet of 2019 showed net fixed assets of $1.56 million, and the 2020
balance sheet showed net fixed assets of $1.78million. The company's 2020 net income
statement showed a depreciation expense of $140,000. What was the company's net capital
spending for 2020?
$360,000
Which one of the following is the financial statement which shows the accounting value of a
firm's equity as of a particular date?
a. income statement
b. creditor statement
c. balance sheet
d. statement of cash flows
e. dividend statement
c. balance sheet
