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FIN 571 Week 1 Quiz




Question;FIN 571 Week 1 Quiz;1.;Which of the following business organizational forms subjects the owner(s) to;unlimited liability?;2.;Which of the following business organizational forms is easiest to raise;capital?;3.;Which organizational form best enables the owners of the firm to monitor the;actions of other owners of the same firm?;4.;Which of the following factors or activities can be controlled by the;management of the firm?;5.;The legal system and market forces impose substantial costs on individuals and;institutions that engage in unethical behaviour. Which of the following would;not be an example of the above?;6.;The most common reason that corporate firms use the futures and options markets;is;7.;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?;8.;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;9.;Which of the following best represents cash flows to investors?


Paper#47594 | Written in 18-Jul-2015

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