FIN 100 FINAL EXAM P2
- From Business, General Business
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User
Maria Elisa Cruz
Course
Prin Of Finance
Test
Final Exam Part 2
Started
12/18/13 1:14 AM
Submitted
12/18/13 2:59 AM
Status
Completed
Attempt Score
115 out of 125 points
Time Elapsed
1 hour, 44 minutes out of 2 hours.
Instructions
This final exam consist of 25 multiple choice questions and covers the material in chapters 14 through 18. There are five questions from each chapter and the questions are in chapter order. Be sure you are in the correct Chapter when you take the exam.
· Question 1
5 out of 5 points
The ability of a firm to meet its short-term debt obligations as they come due is indicated by which of the following ratios:
Answer
Selected Answer:
liquidity ratios
Correct Answer:
liquidity ratios
· Question 2
5 out of 5 points
________ evidence of the existence of a problem or outstanding management performance is provided by ratio analysis.
Answer
Selected Answer:
Inconclusive
Correct A,,,,,,,,,,,,,,,,,,,,,,,,
· Question 3
5 out of 5 points
Which one of the following types of ratios indicates the ability to meet short-term obligations to creditors as they come due?
Answer
Selected Answer:
liquidity ratios
Correct Answer:
liquidity ratios
· Question 4
5 out of 5 points
Which one of the following ratios indicates the average number of days that sales are outstanding?
Answer
Selected Answer:
average collection period
Correct Answer:
average collection period
· Question 5
5 out of 5 points
If a firm's sale price per unit decreases, the firm's operating breakeven point will
Answer
Selected Answer:,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
increase
Correct Answer:,,,,,,,,,,,,,,,,,,,,,,,,,
increase
· Que,,,,,,,,,,,,,,,,,,,,,,,ts
Calculation of a firm’s average collection period is the same as calculating the:
Answer
Selected Answer:
accounts receivable cycle
Correct Answer:
accounts receivable cycle
· Question 7
5 out of 5 points
The objective of managing current assets and liabilities is to
Answer
Selected Answer:
achieve a balance between profitability and risk that contributes to the firm's value.
Correct Answer:
achieve a balance between profitability and risk that contributes to the firm's value.
· Question 8
5 out of 5 points
Deposits placed in foreign banks that remain denominated in U.S. dollars are called:
Answer
Selected Answer:
Eurodollars
Correct Answer:
Eurodollars
· Question 9
5 out of 5 points
In a perfect world, a firm would prefer to have a
Answer
Selected Answer:
negative cash conversion cycle.
Correct Answer:
negative cash conversion cycle.
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· Question 10
FIN 100 FINAL EXAM P2
FIN 100 FINAL EXAM P1
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