Bfin Study guides, Class notes & Summaries

BFIN Final (midterm questions)

BFIN Final Exam Questions With 100% Correct Answers With good accounting knowledge, a financial manager can - answerunderstand financial data of the firm Accounting can help financial managers: - answerto interpret and use financial information in allocating financial resources more efficiently The field of finance is closely linked to: - answeraccounting and economics The goal of financial management is: - answerto maximize shareholder's wealth Which of the following is not a drawback ...

BFIN 300 Test Questions with Correct Answers Which one of the following accounts is the most liquid? a.) Inventory b.) Building c.) Accounts Receivable d.) Equipment e.) Land - Answer-c.) Accounts Receivable Noncash items refer to: a.) Accrued expenses b.) Inventory items purchased using credit c.) The ownership of intangible assets such as patents d.) Expenses which do not directly affect net cash flows e.) Sales which are made using store credit - Answer-c.) The ownership ...

BFIN Final Exam 2024 Questions with Correct Answers Celesta Frank wants to go on a cruise in three years. She could earn 8 percent compounded daily in an account if she deposits the money today. She needs to have $10,000 in three years. How much will she have to deposit today? (Round to the nearest dollar.) $6,432 $7,866 $7,763 $7,826 - Answer-$7,866 Your tuition for the coming year is due today. You borrow $8,000 from your uncle and agree to repay in the three years an amount of $9,2...

BFIN Final Exam Questions & answers

Which one of the following is the financial statement which shows the accounting value of a firm's equity as of a particular date? (B-41; C-11) a) Income statement b) Creditor statement c) Balance sheet d) Statement of cash flows e) Dividend statement - Balance sheet Net working capital is defined as: (B-42; C-12) a) Total liabilities minus shareholders' equity b) Current liabilities minus shareholders' equity c) Fixed assets minus long-term liabilities d) Total assets minus total ...

BFIN 300 test 2qestions and answers

BFIN 300 Final Exam Questions and Answers

BFIN 300 Midterm Exam Questions and Answers All Correct The process of planning and managing a firm's long-term investments is called: A. Capital Budgeting B. Working Capital C. Profit Maximization D. Capital Structure - Answer-A. 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 the above - Answer-A. Unnecessary corporate expenditure Which of ...

BFIN 300 Midterm Exam Questions with Correct Answers 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 - Answer-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 - Answer-A. Corporation Control of a firm ultimately re...