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1. (TCO 1) Which of the following statements is tr...

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1. (TCO 1) Which of the following statements is true regarding the goal of financial management? (Points: 3) A US company considering international operations will have a different goal than a company that only conducts operations in the US. The firm?s structure (i.e. corporation, sole proprietorship, partnership) is not relevant to the goal of financial management. A way of aligning management goals to shareholder?s interest is to tie managerial compensation to the market value of the firm?s stock. None of the above are true. 2. (TCO 1) Market value is important to the financial manager because: (Points: 3) It reflects the value of the asset based on generally-accepted accounting principles. Is a crucial component of the balance sheet and can impact the financial statements. Market values reflect the amount someone is willing to pay today for an asset. The market value of an asset reflects its historical cost. 3. For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows: Cost of goods sold............................... $1.2 million Administrative expenses........................ $250,000 Marketing and selling expenses............... $175,000 Depreciation........................................ $500,000 Interest expense.................................. $200,000 Dividends paid..................................... $150,000 (TCO 1) Suppose that Sports Baseball has 30,000 shares of stock. Assume a tax rate of 30%. What is the EPS figure? (Points: 3) 8.50 8.75 9.0 9.15 4. For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows: Cost of goods sold............................... $1.2 million Administrative expenses........................ $250,000 Marketing and selling expenses............... $175,000 Depreciation........................................ $500,000 Interest expense.................................. $200,000 Dividends paid..................................... $150,000 (TCO 1) Assuming a tax rate of 30%, what is the operating cash flow for the year? (Points: 3) $1,260,000 $962,000 $962,500 $1,265,000 Can not be determined with the information given 5. For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows: Cost of goods sold............................... $1.2 million Administrative expenses........................ $250,000 Marketing and selling expenses............... $175,000 Depreciation........................................ $500,000 Interest expense.................................. $200,000 Dividends paid..................................... $150,000 (TCO 1) Select all items that will be included in Sports Baseballs, Inc. Income Statement. For this exercise you will be choosing more than one option for your answer: (Points: 3) Accounts receivable Cost of goods sold Net working capital Interest expense Taxes Current assets Short-term loans Cash on hand Inventory 6. (TCO 1) Which one of the following activities best exemplify capital budgeting. For this exercise you will be choosing more than one option for your answer: (Points: 6) Identify three good investment opportunities for the firm. Obtain a short-term loan to purchase materials. Evaluate the level of risk of a project. Sale long-term bonds to raise funds. Determine the return of a potential project. 7. (TCO 1) Match the following terms with the examples as appropriate: (Points: 4) Matching: Answer Potential Matches: : Insider trading 1: McDonald's work to redesign packaging items with recyclable materials. 2: Microsoft's monopolistic behavior. 3: Martha Stewart's sale of ImClone stock as result of information provided by the company's CEO before an announcement was made public that significantly decrease ImClone's stock price. 4: Parmalat's deliberate fraudulent accounting practices. 5: established an oversight board responsible for improving auditing standards within companies. : Social responsibility : Sarbanes-Oxley Act : Fraud : Antitrust case 8. (TCO 1) Can you provide some examples of situations in which business ethics play a role in the financial management process? (Points: 5),Thank you, I'll be here waiting.,I need these questions answered by 11pm PLEASE.. thank you for your help!

 

Paper#2873 | Written in 18-Jul-2015

Price : $25
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