FIN 571 Final Exam with Questions and Answers at Studentwhiz - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

FIN 571 Final Exam with Questions and Answers at Studentwhiz

Description:

Studentwhiz sells online study guide of many Courses of USA phoenix. You can check our portal to download Fin 571 final exam, uop fin 571 final exam with answers etc. So please visit on Studentwhiz. – PowerPoint PPT presentation

Number of Views:35

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: FIN 571 Final Exam with Questions and Answers at Studentwhiz


1
FIN 571 Final Exam
http//www.studentwhiz.com
2
  • 1. In a general partnership, the general partners
    have _____liability and have _____control over
    day-to-day operations.
  • limited no
  • no total
  • unlimited no
  • limited total
  • unlimited total
  • 2. Which one of these is a correct definition?
  • Long-term debt is defined as a residual claim on
    a firms assets.
  • Net working capital equals current assets plus
    current liabilities.
  • Current liabilities are debts that must be repaid
    in 18 months or less.
  • Tangible assets are fixed assets such as patents.
  • Current assets are assets with short lives, such
    as inventory.

http//www.studentwhiz.com
3
  • 3. The owners of a limited liability company
    generally prefer
  • being taxed personally on all business income.
  • having liability exposure similar to that of a
    general partner.
  • having liability exposure similar to that of a
    sole proprietor.
  • being taxed like a corporation.
  • being taxed like a corporation with liability
    like a partnership.
  • 4.Which one of the following is least apt to help
    convince managers to work in the best interest of
    the stockholders? pay raises based on length of
    service
  • implementation of a stock option plan
  • threat of a proxy fight
  • management compensation tied to the market value
    of the firms stock
  • threat of a takeover of the firm by unsatisfied
    stockholders

http//www.studentwhiz.com
4
5. a. Compute the future value of 2,000
compounded annually for 20 years at 4 percent.
(Do not round intermediate calculations and round
your answer to 2 decimal places, e.g., 32.16.)
Future value _________ b. Compute the future
value of 2,000 compounded annually for 15 years
at 10 percent. (Do not round intermediate
calculations and round your answer to 2 decimal
places, e.g., 32.16.) Future value
_________ c. Compute the future value of 2,000
compounded annually for 25 years at 4 percent.
(Do not round intermediate calculations and round
your answer to 2 decimal places, e.g., 32.16.)
Future value _______ Complete Answers
here-fin 571 final exam answers __
http//www.studentwhiz.com
5
6. For each of the following, compute the present
value (Do not round intermediate calculations and
round your answers to 2 decimal places, e.g.,
32.16.) Present Value Years
Interest Rate Future value _________
14 8
15,551 _________ 5
14 52,557
_________ 30
15 887,073
_________ 35 8
551,164
http//www.studentwhiz.com
6
7. First City Bank pays 8 percent simple interest
on its savings account balances, whereas Second
City Bank pays 8 percent interest compounded
annually. If you made a 74,000 deposit in each
bank, how much more money would you earn from
your Second City Bank account at the end of 8
years? (Do not round intermediate calculations
and round your answer to 2 decimal places, e.g.,
32.16.) Difference in accounts
_________ Want more details? Download now-uop
fin 571 final exam answers
http//www.studentwhiz.com
7
  • 8. Winslow, Inc. stock is currently selling for
    40 a share. The stock has a dividend yield of
    3.8 percent. How much dividend income will you
    receive per year if you purchase 500 shares of
    this stock?
  • 1,053
  • 152
  • 190
  • 329
  • 760
  • 9. You bought 360 shares of stock at a total cost
    of 7,754.40. You received a total of 403.20 in
    dividends and sold your shares for 19.98 a
    share. What was your total rate of return?
  • 5.38
  • 7.24
  • -1.29
  • 3.67
  • -2.04

http//www.studentwhiz.com
8
  • 10. According to generally accepted accounting
    principles (GAAP), revenue is recognized as
    income when
  • income taxes are paid on the revenue earned.
  • the transaction is complete and the goods or
    services are delivered.
  • a contract is signed to perform a service or
    deliver a good.
  • payment is requested.
  • managers decide to recognize it.
  • 11. Sankey, Inc., has current assets of 4,230,
    net fixed assets of 25,700, current liabilities
    of 3,500, and long-term debt of 14,400. (Do not
    round intermediate calculations.)
  • What is the value of the shareholders' equity
    account for this firm?
  • Shareholders' equity _________
  • How much is net working capital?
  • Net working capital _________

http//www.studentwhiz.com
9
  • 12. The financial statement summarizing a firm's
    accounting performance over a period of time is
    the
  • statement of equity..
  • income statement.
  • tax reconciliation statement.
  • balance sheet.
  • statement of cash flows.
  • Find the final exam answers here-fin 571 final
    exam 3 sets

http//www.studentwhiz.com
10
  • 13. Net working capital is defined as
  • current assets minus current liabilities.
  • total assets minus total liabilities.
  • fixed assets minus long-term liabilities.
  • current assets plus stockholders' equity.
  • current assets plus fixed assets.
  • 14. Jessica's Boutique has cash of 59, accounts
    receivable of 62, accounts payable of 210, and
    inventory of 140. What is the value of the quick
    ratio?
  • .30
  • 1.82
  • .67
  • .58
  • 1.24

http//www.studentwhiz.com
11
  • 15. Al's Sport Store has sales of 2,940, costs
    of goods sold of 2,090, inventory of 526, and
    accounts receivable of 445. How many days, on
    average, does it take the firm to sell its
    inventory assuming that all sales are on credit?
  • 90.6
  • 65.3
  • 119.9
  • 91.9
  • 120.4
  • 16.What is the return on equity for 2009?
  • 14 percent
  • 17 percent
  • 11 percent
  • 16 percent
  • 19 percent

http//www.studentwhiz.com
12
  • 17. Reliable Cars has sales of 3,790, total
    assets of 3,350, and a profit margin of 5
    percent. The firm has a total debt ratio of 41
    percent. What is the return on equity?
  • 9.59 percent
  • 12.20 percent
  • 13.80 percent
  • 8.47 percent
  • 5.66 percent
  • Find the quiz answers here-fin 571 final exam
    2015

http//www.studentwhiz.com
13
  • 18. A firm has a debt-equity ratio of .41. What
    is the total debt ratio?
  • 1.44
  • .31
  • .29
  • 1.41
  • .69
  • 19.The return on equity can be calculated as
  • ROA Equity multiplier.
  • ROA Debt-equity ratio.
  • ROA (Net income / Total assets).
  • Profit margin ROA Total asset turnover.
  • Profit margin ROA.

http//www.studentwhiz.com
14
  • 20.One of the primary weaknesses of many
    financial planning models is that they
  • rely too much on financial relationships and too
    little on accounting relationships.
  • are iterative in nature.
  • ignore the goals and objectives of senior
    management.
  • ignore cash payouts to stockholders.
  • ignore the size, risk, and timing of cash flows.
  • Find the quiz answers here-fin 571 final exam 4
    different

http//www.studentwhiz.com
15
  • 21. In the financial planning model, the external
    financing needed (EFN) as shown on a pro forma
    balance sheet is equal to the changes in assets
  • minus the change in retained earnings.
  • minus the changes in both liabilities and equity.
  • minus the changes in liabilities.
  • plus the changes in both liabilities and equity.
  • plus the changes in liabilities minus the changes
    in equity.
  • 22.The Wintergrass Company has an ROE of 15.1
    percent and a payout ratio of 40 percent.
  • What is the companys sustainable growth rate?
    (Do not round intermediate calculations and enter
    your answer as a percent rounded to 2 decimal
    places, e.g., 32.16.)
  • Sustainable growth rate _________

http//www.studentwhiz.com
16
23.Assume the following ratios are constant
Total asset turnover 2.50 Profit margin
5.4 Equity multiplier 1.30
Payout ratio 35 What is the sustainable
growth rate?(Do not round intermediate
calculations and enter your answer as a percent
rounded to 2 decimal places, e.g.,
32.16.) Sustainable growth rate
_________ Download for answers -fin 571 final
exam 2015
http//www.studentwhiz.com
17
  • 24.The length of time between the acquisition of
    inventory and its sale is called the
  • cash cycle.
  • 3accounts payable period.
  • accounts receivable period.
  • inventory period.
  • operating cycle.
  • 25.A prearranged, short-term bank loan made on a
    formal or informal basis,
  • and typically reviewed for renewal annually, is
    called a
  • compensating balance.
  • cleanup loan.
  • roll-over.
  • line of credit.
  • letter of credit.

http//www.studentwhiz.com
18
  • 26. The _____ premium is that portion of the bond
    yield that represents compensation for potential
    difficulties that might be encountered should the
    bond holder wish to sell the bond prior to
    maturity.
  • default risk
  • liquidity
  • taxability
  • inflation
  • interest rate risk
  • Click here and download-fin 571 final exam 3 UOP
    sets

http//www.studentwhiz.com
19
  • 27. How much are you willing to pay for one share
    of stock if the company just paid an annual
    dividend of 1.03, the dividends increase by 3
    percent annually, and you require a rate of
    return of 15 percent?
  • 8.84
  • 6.87
  • 9.49
  • 10.40
  • 8.58
  • 28. The rate at which a stock's price is expected
    to appreciate (or depreciate) is called the _____
    yield.
  • total
  • capital gains
  • current
  • earnings
  • dividend

http//www.studentwhiz.com
20
About the Author If you feel  problem to solve
UOP fin 571 final exam question papers, You can
check  fin 571 final exam answers  free from
Studentwhiz. You can take online classes of  FIN
571 uop final exam answers  and   can  also
contact with our professor regarding of your
doubt in fin 571 final exam and various courses
of USA ECO 365 Final Exam STR 581 Capstone Final
Examination, Part 2 BUS 475 Capstone Final
Examination Part 1 STR 581 Capstone Final
Examination, Part 3 QNT 565 Final Exam
http//www.studentwhiz.com
About PowerShow.com