Question;Which of the following;business organizational forms subjects the owner(s) to unlimited liability?;a) sole proprietorship;b) partnership;c) corporation;d) a and b;Which of the following;business organizational forms is easiest to raise capital?;a) sole proprietorship;b) partnership;c) corporation;d) a and b;Which organizational;form best enables the owners of the firm to monitor the actions of other owners;of the same firm?;partnership;public corporation;sole proprietorship;private corporation;Which of the following;factors or activities can be controlled by the management of the firm?;Stock market;conditions.;Capital budgeting.;The level of economic;activity.;The level of interest;rates.;The legal system and;market forces impose substantial costs on individuals and institutions that;engage in unethical behavior. Which of the following would not be an example of;the above?;Financial losses.;Agency conflicts.;Legal fines.;Jail time.;The most common reason;that corporate firms use the futures and options markets is;none of these.;to hedge risk.;to take risk.;to make deposits.;Galan Associates;prepared its financial statement for 2008 based on the information given here.;The company had cash worth $1,234, inventory worth $13,480, and;accounts receivables of $7,789. The company's net fixed assets are;$42,331, and other assets are $1,822. It had accounts payables of;$9,558, notes payables of $2,756, common stock of $22,000;and retained earnings of $14,008. How much long-term debt does the firm;have?;$54,342;$76,342;$12,314;$18,334;Tre-Bien Bakeries;generated net income of $233,412 this year. At year end, the company had;accounts receivables of $47,199, inventory of $63,781, and cash of $21,461. It;also had accounts payables of $51,369, short-term notes payables of $11,417;and accrued taxes of $6,145. The net working capital of the firm is;$63,510;$68,931;none of these;$69,655;Which of the following;best represents cash flows to investors?;Earnings before;interest and taxes times 1 minus the firm?s tax rate.;Net income, minus;dividends paid to preferred stockholders.;Cash flow from;operating activity, minus cash flow invested in net working capital, minus cash;flow invested in long-term assets.;Cash flow from;operating activity, plus cash flow generated from net working capital.
Paper#47443 | Written in 18-Jul-2015Price : $22