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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#73827 | Written in 18-Jul-2015

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