Reference no: EM132473096
Question 1. If a corporation wants a guarantee that all of its shares of stock will be sold, it should use which of the following distribution methods? Competitive bid purchase Privileged subscription with no standby agreement Commission or best efforts contract Direct sale
Question 2. PDQ Corp. Has sales of $3,000,000; the firm's cost of good sold is $ 1,425,000; and its total operating expenses are $ 700,000. What is PDQ's EBIT? $ 825,000 $ 875,000 $ 1,575,000 $ 2,300,000
Question 3. Company A reports sales of $100,000 and net income of $15,000. Company B reports sales of $100,000 and net income of $10,000. Therefore, __________
- Company A's cash flow may be higher or lower than Company B's cash flow even though A's net income is higher.
- Company A's cash flow is $ 5,000 more than Company B's cash flow.
- Company B is creating less value for its shareholders than Company A Company B's accounts receivable must be higher than Company A's accounts receivable.
Question 4. Which of the following statements is an example of a futures market transaction?
- An investor purchases 100 shares of IBM hoping to sell it in two years for a profit.
- A company purchases an option to buy 1,000 barrels of oil anytime between now and the end of the year.
- A company agrees to purchase 1,000 barrels of oil for delivery in six months at a price of $ 70 per barrel.
- An executive has a portion of his current year salary deferred until he retires.
Question 5. The December 31, 2007 balance sheet shows net fixed assets of $100,000 and the December 31, 2008 balance sheet shows net fixed assets of $140,000. Depreciation expense for 2007 is $15,000 and depreciation expense for 2008 is $20,000. Based on the information, the cost of fixed assets purchased during 2008 is ________
- $ 60,000
- $ 20,000
- $ 40,000
- $ 75,000
Question 6. Which of the following transactions will increase a corporation's operating return on assets?
- Sell stock and use the money to pay off some long term debt Sell 10 year bonds and use the money to pay off current liabilities Negotiate a new contract that lowers raw materials cost by 10 % Increase sales by 10 %
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