Finance Final Exam COB 300 JMU
QUESTIONS AND CORRECT ANSWERS |
NEW UPDATE 2025
The Primary goal of financial management is to maximize? - ANSWER The
market value of owners equity
Characteristics of a corporation? Owner liability and control? - ANSWER Owner
has limited liability and owner has no operating control
Which one has double taxation? - ANSWER C-corp
Dividends are determined by? - ANSWER Corporations board of directors
Investors capital is best characterized as? - ANSWER The sum of the market
value of debt and market value of equity
The rate of tax on the next dollar earned is? - ANSWER marginal tax rate
How to calculate tax on sale: - ANSWER Price sold for - Book value = Gain *
Marginal tax rate = Tax on sale
The Cash Conversion Cycle - ANSWER Days sale outstanding + days in inventory
- the days payable outstanding
QUESTIONS AND CORRECT ANSWERS |
NEW UPDATE 2025
The Primary goal of financial management is to maximize? - ANSWER The
market value of owners equity
Characteristics of a corporation? Owner liability and control? - ANSWER Owner
has limited liability and owner has no operating control
Which one has double taxation? - ANSWER C-corp
Dividends are determined by? - ANSWER Corporations board of directors
Investors capital is best characterized as? - ANSWER The sum of the market
value of debt and market value of equity
The rate of tax on the next dollar earned is? - ANSWER marginal tax rate
How to calculate tax on sale: - ANSWER Price sold for - Book value = Gain *
Marginal tax rate = Tax on sale
The Cash Conversion Cycle - ANSWER Days sale outstanding + days in inventory
- the days payable outstanding
