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Exam (elaborations)
Accounting 333 Chapter 4 Practice Quiz
ACCOUNTING 333 CHAPTER 4 PRACTICE QUIZ 
The value of a firm is best defined as the: 
o	sum of all of the firm's future cash flows. 
o	current year's cash flow times (1 + g). 
o	current year's cash flow divided by r. 
o	total present value of all of the firm's future cash flows. 
o	current year's cash flows divided by (g - r). 
 
2.	Given a firm with positive annual cash flows, which one of the following will increase the current value of that firm? 
o	Increasing the annual growth rate of th...