Personalized Homework Help
203 views | +0 today
Follow
Personalized Homework Help
Offering Personalized Online Homework Help at www.MindCoral.com
Curated by MindCoral Inc.
Your new post is loading...
Your new post is loading...
Scooped by MindCoral Inc.
Scoop.it!

Financial management multiple choice

Financial management multiple choice | Personalized Homework Help | Scoop.it
Financial management multiple choice
MindCoral Inc.'s insight:
1. Disinflation as compared to inflation would normally be good for investments in a. bonds. b. gold. c. collectible antiques. d. text books. 2. A conservative financing plan involves a. heavy reliance on debt. b. heavy reliance on equity. c. high degree of financial leverage. d. high degree of combined leverage. 3. If Turnpoint Inc. has net income of $300,000, assets of $3,000,000, sales of $2,000,000, and debt of 1,300,000, what is their ROE? a. between 17-18% b. between 19-20% c. between 21-22% d. none of these 4. A decreasing average collection period could be associated with (select the one best answer) a. increasing sales. b. decreasing sales. c. decreasing account receivable. d. a and c. 5. A high DOL means: a. there are high labor costs. b. there is high debt. c. there is a large amount of equity. d. there are high fixed costs. 6. If a firm has fixed costs of $20,000, variable cost per unit of $.50, and a breakeven point of 5,000 units, the price is: a. $2.50 b. $5.00 c. $4.00 d. $4.50 7. A firm's long term assets = $75,000, total assets = $200,000, inventory = $25,000 and current liabilities = $50,000. a. current ratio = 0.5; quick ratio = 1.5 b. current ratio = 1.0; quick ratio = 2.0 c. current ratio = 1.5; quick ratio = 2.0 d. current ratio = 2.5; quick ratio = 2.0 8. All of the following are common examples of possible distortion in reported income except a. inflation b. treatment of nonrecurring items c. cash flow statements d. reporting of revenue 9. Loretta & Nieces fixed costs are $200,000, including $20,000 of depreciation expense. The price of each unit sold is $12, and the variable cost per unit is $6. How many units must the firm sell to reach the cash break-even point? a. less than 33,333 units b. 33,333 units c. More than 33,333 units d. not enough information has been provided to determine the cash break-even point 10. If the company's accounts receivable turnover is increasing, the average collection period: a. is going up slightly b. is going down c. could be moving in either direction d. is going up by a significant amount 11. A firm with $50,000 in fixed costs breaks even on unit sales of 10,000, how many units must the firm sell to earn $20,000 in operating profits? a. 12,000 units b. 14,000 units c. 16,000 units d. There is not enough information to determine the unit sales required. 12. Which of the following questions does break-even analysis attempt to address? a. How much do changes in volume effect costs and profits? b. At what point does the firm break even? c. What is the most efficient level of fixed assets to employ? d. All of these 13. Combined leverage is concerned with the relationship between a. changes in EBIT and changes in EPS. b. changes in volume and changes in EPS. c. changes in volume and changes in EBIT. d. changes in EBIT and changes in net income. 14. In addition to comparison with industry ratios, it is also helpful to analyze ratios using a. trend analysis. b. historical comparisons. c. neither; only industry ratios provide valid comparisons. d. both a and b. 15. If TechCor has fixed costs of $80,000, variable costs of $1.20/unit, sales price/unit of $6, and depreciation expense of $25,000, what is their cash breakeven in units? a. 9,167 b. 11,458 c. 21,875 d. 45,833 16. When a firm employs no debt a. it has a financial leverage of one. b. it has a financial leverage of zero. c. its operating leverage is equal to its financial leverage. d. it will not be profitable. 17. Trend and industry analysis provide all of the following information except a. benchmarking B. the progress of the company c. basis for decision-making about capital structure d. future information about the company 18. Firms with a high degree of operating leverage are a. easily capable of surviving large changes in sales volume b. usually trading off lower levels of risk for higher profits. c. significantly affected by changes in interest rates. d. trading off higher fixed costs for lower per-unit variable costs. 19. The Bubba Corp. had earnings before taxes of $200,000 and sales of $2,000,000. If it is in the 50% tax bracket its after-tax profit margin is: a. 5% b. 12% c. 20% d. 25% 20. The degree of financial leverage is concerned with the relation between a. changes in volume and changes in EPS. b. changes in volume and changes in EBIT. c. changes in EBIT and changes in EPS. d. changes in EBIT and changes in operating income. 21. The degree of operating leverage is computed as a. percent change in operating profit divided by percent change in net income. b. percent change in volume divided by percent change in operating profit. c. percent change in EPS divided by percent change in operating income. d. percent change in operating income divided by percent change in volume. 22. Cash breakeven analysis a. is helpful in analyzing the short-term outlook of the firm, particularly when it is in trouble financially. b. is important when analyzing long-term profitability. c. includes depreciation expense as a fixed cost when calculating the degree of financial leverage. d. None of these. 23. If Crossroads International has $3,000,000 in total sales (75% on credit) and receivables of $500,000, what is their average collection period? a. 80 days b. 60 days c. 61 days d. 81 days 24. If the business cycle were just beginning its upswing, which firm would you anticipate would be likely to show the best growth in EPS over the next year? Firm A has high combined leverage and Firm B has low combined leverage. a. Firm A b. Firm B c. Indifferent between the two d. It depends on how much financial leverage each firm has. 25. A weakness of breakeven analysis is that it assumes: a. revenue and costs are a linear (constant) function of volume. b. prices and costs increase when the economy is strong and confidence is high. c. cost of goods sold goes up as revenue increases. d. there is no weakness. 26. If Baxter Unlimited has annual sales of $5,000,000 (80% on credit), and receivables equal to 35% of credit sales, what is their receivables turnover? a. 3.6 times b. 2.9 times c. 2.3 times d. 4.2 times 27. The degree of operating leverage may be defined as a. the percent change in operating income divided by the percent change in unit volume. b. Q (P-VC) divided by Q (P-VC) - FC. c. S - TVC divided by S - TVC - FC. d. all of these 28. If government bonds pay 8.5% interest and insured savings accounts pay 5.5% interest, stockholders in a moderately risky firm would expect return-on-equity values of a. 5.5% b. 6.5% c. 12% d. above 8.5%, but the exact amount is uncertain. 29. If Randolph Co. has sales of $2,000,000, net income of $120,000, and total asset turnover of 2x, what is their ROA? a. 33% b. 17% c. 12% d. 6% 30. Green Co. has total assets $550,000, a cost of borrowed funds of 7%, and an EBIT of $41,250. From a financial breakeven perspective, Green Co. is a. breaking even b. lower than the break even c. higher than the breakeven d. in need of new financing 31. If accounts receivable stays the same, and credit sales go up a. the average collection period will go up. b. the average collection period will go down. c. accounts receivable turnover will decrease. d. B and C. 32. If a firm has a price of $4.00, variable cost per unit of $2.50 and a breakeven point of 20,000 units, fixed costs are equal to: a. $13,333 b. $10,000 c. $30,000 d. $50,000 33. The concept of operating leverage involves the use of __________ to magnify returns at high levels of operation. a. fixed costs b. variable costs c. marginal costs d. semi-variable costs 34. Heavy use of long-term debt may be beneficial in an inflationary economy because a. the debt may be repaid in more "expensive" dollars. b. nominal interest rates exceed real interest rates. c. inflation is associated with the peak of a business cycle. d. the debt may be repaid in "cheaper" dollars. 35. Which of the following is not an asset utilization ratio? a. Inventory turnover b. Return on assets c. Fixed asset turnover d. Average collection period 36. The most rigorous test of a firm's ability to pay its short-term obligations is its a. current ratio. b. quick ratio. c. debt-to-assets ratio. d. times-interest-earned ratio. 37. If a firm has a break-even point of 20,000 units and the contribution margin on the firm's single product is $3.00 per unit and fixed costs are $60,000, what will the firm's net income be at sales of 30,000 units? a. $90,000 b. $30,000 c. $15,000 d. $45,000 38. The break-even point can be calculated as a. variable costs divided by contribution margin. b. total costs divided by contribution margin. c. variable cost times contribution margin. d. fixed cost divided by contribution margin. 39. Which of the following is concerned with the change in operating profit as a result of a change in volume? a. Financial leverage b. Break-even point c. Operating leverage d. Combined leverage 40. If fixed costs rise while other variables stay constant a. the breakeven point rises. b. degree of operating leverage increases. c. total profit declines. d. all of these 41. Under which of the following conditions could the overuse of financial leverage be detrimental to the firm? a. Stable industry b. Cyclical demand for the firm's products. c. Upswing of business cycle. d. Low interest cost compared to return on assets 42. Disinflation may cause a. an increase in the value of gold, silver, and gems. b. a reduced required return demanded by investors on financial assets. c. additional profits through falling inventory costs. d. None of these. 43. At the break-even point, a firm's profits are a. greater than zero. b. less than zero. c. equal to zero. d. Not enough information to tell 44. A firm's break-even point will rise if a. fixed costs decrease b. contribution margins increase c. price per unit rises d. variable cost per unit rises 45. If a firm has fixed costs of $30,000, a price of $4.00, and a breakeven point of 15,000 units, the variable cost per unit is: a. $5.00 b. $2.00 c. $.50 d. $4.00 46. If EBIT equals $160,000 and interest equals $30,000, what is the degree of financial leverage? a. 5.33x b. 1.23x c. .8125x d. 4.33x 47. Firm A produces semiconductors using highly technical machinery; Firm B is a retail clothing store. Consider which firm employs a higher degree of operating leverage and then answer the following question: "Which of the following comparative statements about firms A and B is true?" a. A has a lower break-even point than B, but A's profit grows faster after the break-even. b. A has a higher break-even point than B, but A's profit grows slower after the break-even. c. B has a lower break-even point than A, but A's profit grows faster after break-even. d. B has a lower break-even point than A, and profit grows at the same rate for both companies after the breakeven point. 48. A factory which relies on highly technical machinery, may choose to reduce their overall leverage position by a. selling their machinery b. increasing their accounts receivable c. utilizing a higher level of equity d. decreasing their variable costs per unit 49. If a firm has the lowest possible degree of operating leverage and the lowest possible degree of financial leverage, then a. DOL equals 1, and DFL equals 0. b. DOL equals 0, and DFL equals 1. c. DOL equals 1, and DFL equals 1. d. none of the above 50. Financial leverage deals with: a. the relationship of fixed and variable costs. b. the relationship of debt and equity in the capital structure. c. the entire income statement. d. the entire balance sheet.
more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

Please be aware that mindcoral.co.in is not associated with MindCoral Inc. (mindcoral.com ), who have started using our name.

Please be aware that mindcoral.co.in  is not associated with MindCoral Inc. (mindcoral.com ), who have started using our name.

MindCoral Inc.'s insight:

Please be aware that mindcoral.co.in  is not associated with MindCoral Inc. (mindcoral.com ), who have started using our name.

more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

MindCoral Inc. coupons & promo codes

MindCoral Inc. coupons & promo codes | Personalized Homework Help | Scoop.it
Save money with MindCoral Inc. coupons, promo codes & deals.
MindCoral Inc.'s insight:

Get 5% off ALL Credit Purchases.

Limited time offer!

more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

MindCoral Blog | 9 Great Tips for College Application Success

MindCoral Blog | 9 Great Tips for College Application Success | Personalized Homework Help | Scoop.it

Read and apply the following 9 tips to increase your chances for college application success.

more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

MindCoral Blog | Should You Change Your Major? Here’s How to Decide

MindCoral Blog | Should You Change Your Major? Here’s How to Decide | Personalized Homework Help | Scoop.it

Many college students think about changing their major during their studies, and some actually do it, at least once or twice. However, prior to taking any drastic steps towards making any change of direction in your educational path and changing your major, you should consider the following tips.

more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

The European Debt Crisis Visualized - YouTube

Feb. 12 (Bloomberg) -- At the heart of the European debt crisis is the euro, the currency that tied together 18 countries in an intimate manner. So when one ...
more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

Rosetta #Comet Landing Media Briefing - from Rosetta #CometLanding webcast

Rosetta #CometLanding webcast by European Space Agency on Livestream - Livestream.com
MindCoral Inc.'s insight:

6.4 Billion Kms and 10 years. Amazing!

more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

The Schools Where Apple, Google, and Facebook Get Their Recruits | WIRED

The Schools Where Apple, Google, and Facebook Get Their Recruits | WIRED | Personalized Homework Help | Scoop.it
A look at which colleges provide new recruits to the big tech companies.
MindCoral Inc.'s insight:

Working for the big tech companies: The Schools Where #Apple, #Google, and #Facebook Get Their Recruits http://j.mp/1ECExk1

more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

21 Pieces Of Advice Every College Student Can Use

21 Pieces Of Advice Every College Student Can Use | Personalized Homework Help | Scoop.it

"The work never ends, but college does…" Fun and great article! 
21 Pieces of Advice Every ‪#‎College‬ ‪#‎Student‬ Can Use

MindCoral Inc.'s insight:

Fun and great article! 
21 Pieces of Advice Every ‪#‎College‬ ‪#‎Student‬ Can Use

more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

27 College Tips I Learned Sophomore Year | College Info Geek

27 College Tips I Learned Sophomore Year | College Info Geek | Personalized Homework Help | Scoop.it
A follow-up to my popular post on things I learned freshman year, this post provides even more lessons from sophomore year.
MindCoral Inc.'s insight:

27 #College Tips I Learned #Sophomore Year. Tip #1 is probably the best!

http://bit.ly/College_Tips

more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

27 Mind Blowing Facts They Didn’t Teach You At School | Viral Circus

27 Mind Blowing Facts They Didn’t Teach You At School | Viral Circus | Personalized Homework Help | Scoop.it

27 Mind Blowing #Facts They Didn’t Teach You At#School
http://bit.ly/MindCoral_Facts27

more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

11 Science Facts That'll Make You Feel Weird - YouTube

Sorry, but there are tiny bugs living in your eyelashes. Post to Facebook: http://on.fb.me/1gcUeRq Like BuzzFeedVideo on Facebook: http://on.fb.me/1ilcE7k Po...
MindCoral Inc.'s insight:

Interesting #Science #Facts everyone should know!
http://bit.ly/weird_facts_mindcoral

more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

Community Post: 18 Types Of Student In Every College Class

Community Post: 18 Types Of Student In Every College Class | Personalized Homework Help | Scoop.it
 
MindCoral Inc.'s insight:

It's all here. 18 Types of #Student In Every #College from Buzzfeed

http://bit.ly/types_of_students #colleges #students #community #university

more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

Write the function y(x,t) for the wave.

Write the function y(x,t) for the wave. | Personalized Homework Help | Scoop.it
MindCoral Inc.'s insight:
I need help with the following question: A wave travels along a string in the positive x-direction at 30.0 m/s. The frequency of the wave is 50.0 Hz. At x=0 and t=0, the wave velocity is 2.50 m/s and the vertical displacement is y=4.00 mm. Write the function y(x,t) for the wave. Please show the solution step-by-step!!
more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

MindCoral Blog | I am graduating college: Here is what I learned

MindCoral Blog | I am graduating college: Here is what I learned | Personalized Homework Help | Scoop.it

I am graduating college: Here is what I learned

more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

MindCoral Blog | The best classes to take in college

MindCoral Blog | The best classes to take in college | Personalized Homework Help | Scoop.it

As a student entering college, you probably have a rough idea of what field you want to study. However, if you focus too much on one field during your college years, and ignore all other courses that are not part of your field of study, you may be...

more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

This Is How You Change When You Go From High School To College

This Is How You Change When You Go From High School To College | Personalized Homework Help | Scoop.it
If the high school you and the college you met, would they recognize each other? Probably not.

BuzzFeed is here to provide a few examples of the personality transformations that higher education can bring.

Being on time for class? No longer a ...
more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

Engineering students design 'a bike that can't be stolen'

Engineering students design 'a bike that can't be stolen' | Personalized Homework Help | Scoop.it
The "Yerka" is a prototype designed by three young Chilean engineering students.
MindCoral Inc.'s insight:

#Engineering #students design a bike that cannot be stolen!

more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

7 Ways to Prepare for the Best School Year, Ever

7 Ways to Prepare for the Best School Year, Ever | Personalized Homework Help | Scoop.it
Every new school year offers a new opportunity for learning. Check out our 7 tips to prepare for the best school year ever!
more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

The 10 Best Money Tips For College Freshmen

The 10 Best Money Tips For College Freshmen | Personalized Homework Help | Scoop.it
With college starting across the country, here are the ten best money tips for college students, college freshmen, and millennials moving out of their parents house for the first time.
MindCoral Inc.'s insight:

Great Article

more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

MindCoral salutes all soldiers for their sacrifices and service for us!

MindCoral salutes all soldiers for their sacrifices and service for us! | Personalized Homework Help | Scoop.it

  salutes all soldiers for their sacrifices and service for us! 

more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

This #infographic shows 10 fascinating #discoveries about the #brain and how it works!

This #infographic shows 10 fascinating #discoveries about the #brain and how it works! | Personalized Homework Help | Scoop.it
more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

24 Unintended Scientific Discoveries - mental_floss on YouTube (Ep. 35) - YouTube

A weekly show where knowledge junkies get their fix of trivia-tastic information. This week, Derek Muller of Veritasium (http://www.youtube.com/user/1veritas...
MindCoral Inc.'s insight:

24 Unintended #Scientific #Discoveries that changed the world!

http://bit.ly/1tsGCdh

more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

Educational Wisdom!

Educational Wisdom! | Personalized Homework Help | Scoop.it
Some #amazing #facts you didn't know about your #brain. | mindcoral.com Source: eyecandyinfographic.com
more...
No comment yet.
Scooped by MindCoral Inc.
Scoop.it!

Education is what remains when we have forgotten all that we have been taught

Education is what remains when we have forgotten all that we have been taught | Personalized Homework Help | Scoop.it

Education is what remains when we have forgotten all that we have been taught

MindCoral Inc.'s insight:

"Education is what remains when we have forgotten all that we have been taught" #George #Savile

more...
No comment yet.