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Which of the following is true of a secondary market?

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?;?;1. Which of the following is true of a secondary market?; A. It is a market where securities are issued through private placement; B. It is a market in which short-term money market instruments such as Treasury bills are traded.;;o;C. It is a market for an unlisted company to raise equity capital.;;o;D. It is a market in which preowned securities are traded.;2. Pro forma financial statements are used for ________.;A. auditing;B. profit planning;C. cash budgeting;D. preparing financial statements;?;3. Which of the following represents a way of coping with uncertainty in a cash budget?;?;?;A. u sing scenario analysis, or "what if" approach, to analyze cash flows under a variety of circumstances;B. Always using the prior year's data for estimates of the future; C. developing a pro forma income statement to forecast sales and then express the various income statement items as percentage of projected sales;D.careful estimation of cash budgets outputs;4. Which of the following represents a way of coping with uncertainty in a cash budget?;A. using scenario analysis, or "what if" approach, to analyze cash flows under a variety of circumstances;B. always using the prior year's data for estimates of the future;C. developing a pro forma income statement to forecast sales and then express the various income statement items as percentage of projected sales;D. careful estimation of cash budgets outputs;5. Time-series analysis is often used to ________.;A. standardize results;B. evaluate the value of a firm or its assets;C. assess developing trends;D. correct errors of judgment;?;6. Corporation A owns 15 percent of the stock of corporation B. Corporation B pays corporation A $100,000 in dividends in 2002. Corporation A must pay tax on ________.;?;A. $ 30,000 of ordinary income; B $ 70,000 of ordinary income; C. $ 70,000 of capital gain; D.$100,000 of ordinary income;?;7. A ________ is responsible for the firm's accounting activities, such as corporate accounting, tax management, financial accounting, and cost accounting.; A. foreign exchange manager;B. t reasurer; C. controller; D. pension fund manager;?;8. Ratios provide a ________ measure of a company's performance and condition.; A.relative; B. absolute; C. gross; D. definitive;?;9. An efficient market is one where ________.; A. prices of stocks move up and down widely without apparent reason;B.prices of stocks remain low for long periods of time; C. prices of stocks are unaffected by market news; D.the price of a security is an unbiased estimate of its true value;?;10. The key input to any cash budget is ________.; A. the sales forecast; B. the production plan; C. the pro forma balance sheet; D. the current tax laws;?;11. An ethics program is expected to have ________ impact on a firm's share price.;A.; a positive;B.; no impact;C.; an unpredictable;D.;

 

Paper#75877 | Written in 18-Jul-2015

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