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CIS 407 Final Exam (Set 2

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1. (TCO 1) The foundation for _____ was laid in 1989 by researchers seeking an information system that would make it easy for their colleagues to locate and share data

2. (TCO 2) _____ is a generic block-level element

3. (TCO 3) A _____ language is a language that describes the content and structure of a document.

4. (TCO 10) Darrell’s Web Design wants to create a navigational menu using a picture that Darrell created in MS Paint. The picture includes text names of the various websites for which he would like to create links. No section of the picture he wants to make into links is regularly shaped; instead each is more like a trapezoid. Which shape would best suit the hotspots Darrell would like to create?

5. (TCO 3) A hypertext link allows you to select to view the _____ of the link

6. (TCO 3) All web page URLs begin with the letters _____.

7. (TCO 4) Which of the following is an extended color name in HTML?

8. (TCO 4) _____ GIFs are an effective way to compose slide shows or to simulate motion.

9. (TCO 5) The main style sheet standard is _____.

10. (TCO 2) The Yoga Club has a website that consists of a picture of the yoga room along with the definition of yoga on the left. On the right is a list of upcoming events, the company logo, and then yoga teacher training dates. The web designer Mary needs some help with CSS to make sure the pages print correctly. To cause the definition of yoga to print at the top of the page like a list, you could use _____.

11. (TCO 5) _____ express the location of an element within the hierarchy of elements

12. (TCO 3) _____ determines which style to apply when one or more styles conflict

13. (TCO 5) When you have defined a rectangular region using the appropriate style, which value matches the specified edge of the region to the edge of the parent element?

14. (TCO 3) To control the space between the table text and the cell borders, add the _____ attribute to the table tag

15. (TCO 3) A _____ cell occupies more than one row or column in a table

16. (TCO 2) With the frame value _____, a border is drawn on the left and right sides of the table.

17. (TCO 6) The item marked 7 in the accompanying figure is a _____ area

18. (TCO 6) You can specify an access key for an input element by using the _____ attribute.

19. (TCO 6) A _____ should be used to provide visual indication that option buttons belong in the same group

20. (TCO 6) Because it is more flexible, the _____ method is considered the preferred way of sending data to a web server

21. (TCO 5) _____ are programs that enable the browser to work with an embedded object.

22. (TCO 8) A Java program is stored in an executable file called a(n) _____ file

23. (TCO 4) If you use a frame, you should also provide a _____ version

24. (TCO 2) In the <frame> tag, if scrolling is set to _____, the scroll bars will display

25. (TCO 4) Use the _____ target to open external sites in the full browser window, replacing the current frameset

26. (TCO 4) To allow your website to be viewable using browsers that do not support frames, as well as by those that do, you can use the _____ tag to create a section of your HTML file containing code for browsers incapable of viewing frames

27. (TCO 9) XHTML _____ is a reduced version of XHTML 1.1 geared toward mobile applications.

28. (TCO 8) Which of the following is part of CSS3?

29. (TCO 9) Under the Sea is a scuba shop that sells new wave scuba gear to hip urban teens and young adults. The web developer, Mary, wants the pages to be designed for use on cell phones and other hand-held devices their young audiences carry. Which element should Mary not use in her web pages to avoid violating the strict DTD rules?

30. (TCO 7) Variable declarations should be placed at the _____ of your program to make your code easier to interpret

31. (TCO 10) What are the two ways in which multimedia can be added to a web page? What are the advantages and disadvantages of each?

32. (TCO 6) Provide five tips for creating effective forms

33. (TCO 7) What is the use of functions? Write the general syntax of a JavaScript function

34. (TCOs 1, 2, and 3) What are six tips for creating effective links?

35. (TCO 9) There are two main, significant problems with HTML that led to the development of XHTML. Explain both of these

36. (TCOs 5 and 6). What is the MIDI format? What are the advantages and disadvantages of MIDI?

 
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CIS 336 Final Exam (Set 3

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1. (TCO 2) Explain what physical independence means

2. (TCO 8) Sally wants to query the EMP table and determine how many of the employees live in each of the cities the company has factories in. She writes the following query but it does not work. What is wrong with the way the query is constructed?

3. (TCO 3) Explain in what two specific cases presented in the text composite primary keys are particularly useful.

4. (TCO 7) How are comparisons done on character string data in a queries WHERE clause, and why would this be especially useful in comparing certain attributes?

6.  (TCO 6) Oracle will not allow the changing of a column’s data type unless the column is empty, and even then it may still be prohibited. Discuss why?

1. (TCO 7) Write a join query using NATURAL JOIN that for every order in the ORDERS table will list the order number and order date along with the cusnumber, last name, and first name of the customer who placed the order.

2. (TCO 8) Write a query that will list the part number, part description, and on-hand value (units on hand * unit price) for each part in item class AP. Give the expression an alias of “On Hand Value”.

3. (TCO 8) Write a query that will display the customer number, first name, and last name for every customer with a balance greater than $50. Display the first and last name as a single column and provide an alias for the column

4. (TCO 7) Write a query that will list the customer number, last name, and first name for every customer represented by sales rep 03 or sales rep 12

5. (TCO 7) Write a query that will list the customer first and last name and the sales rep commission rate using JOIN ON

 
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CIS 336 Final Exa

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1. (TCO 1) Most DBMS are referred to as _____________database management systems.

2. (TCO 1) Data constitutes the building blocks of _____________.

3. (TCO 2) If a foreign key contains either matching values or nulls, the table(s) that make use of such a foreign key is/are said to exhibit __________ integrity

4. (TCO 2) In a “one-to-many” relationship, which constraint is usually added to the “many” table?

5. (TCO 3) A ____ occurs when a relationship is improperly or incompletely identified and, therefore, is represented in a way that is not consistent with the real world

6. (TCO 3) All of the following are true about a prime attribute except_____________.

7. (TCO 3) The conflicts between design efficiency, information requirements, and processing speed are often resolved through_____________.

8. (TCO 4) When a constraint is created at the ______ level with the CREATE TABLE command, the constraint definition is simply included as part of the column definition

1. (TCO 4) In Oracle, the CONSTRAINT clause is used to ___________________.

2. (TCO 4) The SQL command that lets you list the table contents is

3. (TCO 5) The Crow’s Foot model is more ___________-oriented than the Chen model

4. (TCO 5) The ___________ model is both software and hardware dependent

5. (TCO 6) Which of the following commands will add a new column named FIRSTORDERDATE to the CUSTOMERS table to store the date that the customer first placed an order with the company

6. (TCO 6) When modifying the data characteristics of a column in Oracle, which of the following is correct

7. (TCO 6) Which of the followig SQL commands would alter the table DEVRY and add a foreign key that references the CITY table?

8. (TCO 7) Given a table named EMPLOYEE, the SQL command to sort records in a specific order would be

1. (TCO 7) Which of the following subqueries returns more than one row of results to the outer query?

2. (TCO 7) Which of the following keywords can be used to join two tables that do not contain a commonly named and defined column?

3. (TCO 8) Based upon the contents of the BOOKS table shown below, which of the following SQL statements will return the number of categories contained in the table?

4. (TCO 8) The _____________ function can be used to display upper-case characters in lower-case

5. (TCO 8) Which of the following statements will produce the value 21.1?

6. (TCO 9) The column to be updated by the UPDATE command is specified in the ______ clause

7. (TCO 9) If the INSERT INTO command is used to insert data values that violate an existing constraint in a table, which of the following will happen

8. (TCO 10) Which of the following commands is used to establish a user account

9. (TCO 10) Which command will grant a system privilege to a user?

 

 
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CIS 115 Final Exa

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(TCO 1) Displaying data on the screen is considered a(n) _____ operation

(TCO 2) Which statement is not true about variable names

(TCO 3) The statement below would be placed within what symbol on a flowchart?
balance < 1000

(TCO 2) Set rate = 15.50 is a process. What data type would you expect the variable, rate, to have

(TCO 3) Which is not one of the three basic control structures used in programming

(TCO 2) When an expression includes relational, logical, and arithmetic operators, which type of operator is evaluated last

(TCOs 2, 7) What is the problem with the following assignment statement, given that grade is an integer variable

(TCO 2) What value will be contained in the variable x after the following statement is executed?

(TCO 2) The statement below indicates that the variable rep is being used as a(n) _____.
rep = rep + num

(TCO 4) For the following expression to be true,  _____.
condition1 OR condition2

(TCOs 2, 7, 8) Review the partial pseudocode below. What is the correct math expression to complete the algorithm and calculate 50% of a cost?
Prompt “Enter total cost: “
Input cost
Set _____
Display “50% of the cost is:  “ + total

(TCOs 3, 4, 8) Review the pseudocode below. What will be displayed when this algorithm executes?
Set x = 20
If ((x > = 10) AND (x < 20)) then
Display “the IF path executes”
Else
Display “the ELSE path executes”
EndIf

(TCOs 3, 4, 8) What value gets displayed for the variable X?
Set A = 6
Set B = 10
Set C = 15
If (B < 15) AND ((A = 5) OR (C <= 15)) then
Set X = 1
Else
Set X = 0
EndIf
Display X

(TCOs 3, 4, 8) In the following pseudocode, what raise will an employee in Department 5 receive?
If department < 3 then
Set raise = 25
Else
If department < 5 then
Set raise = 50
Else
Set raise = 75
EndIf
EndIf

(TCOs 3, 4) Which of the selection structures determines whether the user enters a number outside a range of 5 and 15

(TCOs 3, 4, 8) What value gets displayed for the variable Z?
Set balance = 800
Set stateCode = 6
Set creditCode = 7
If (balance <> 800) OR (stateCode<> 6) OR (creditCode<> 7) then
Set Z = 3
Else
Set Z = 2
EndIf
Display Z

(TCO 5) What happens when the loop control variable is not changed within the loop body?

(TCO 5) In Visual Basic, which of the following statements is false

(TCO 5) In the following code, how many times will the loop body be executed

(TCOs 3, 5, 8) In the following code, how many times will the loop body be executed?
Dim x as Integer
x = 10
While x <= 6
Console.Writeline(x)
x = x + 1
End While

(TCO 6) Suppose you have an array named number, and two of its elements are number(1) and number(4). You know that _____.

(TCO 6) What is the value of the index used to access the last element in a Visual Basic array declared as?
Dim num(12) As Integer

(TCOs 5, 6) Which loop would be used to process each element of an array declared as the following?

(TCO 6) A zero-based array named sales has been declared and loaded with the values 100, 1100, 3400, 5550, 3000, 22300, 1200. What value(s) will be stored in the array element sales(2)?

(TCOs 7, 8) What type of error occurs when a program successfully executes but produces incorrect results?

(TCOs 3, 8) Execution of your program in Visual Basic starts with the _____ module

(TCOs 2, 3, 8) Your program will read in a tax rate as a percentage (i.e., input 8 for 8%) and the prices of three items. The program is to calculate the total price (before tax) of the items, the tax payable on those items (using the specified tax rate), and the total amount of the sale including tax. Print the total price (before tax), the amount of tax, and the total amount of the sale as output

(TCOs 3, 4, 8)  PART 1 (10 points):  A department store is having a customer appreciation sale. Depending on the total dollars purchased, the customer could receive a discount on his or her total purchases. You are to develop pseudocode that will obtain the total dollars purchased from the user, determine the discount percentage, and display the total amount due. When the purchases are more than $500, the discount is 10%. When the purchases are $500 or less, the discount is 6%.

(TCOs 4, 5, 8) Write a program to input a purchase amount and calculate the sales tax and total due. The sales tax depends on the county identifying code. Counties with a number less than 10 have a 6% sales tax. The 11–25 codes have a sales tax of 7%. Codes above 25 have a sales tax of 8%. The purchase amount and county code are entered by the user. Use a loop to validate that the county code is between 1 and 30. Display the amount of the sales tax and the total

(TCOs 5, 8) Write a Visual Basic loop that counts up from 5 to 100 by 5s

(TCOs 5, 6, 8) Review the following scenario and complete the design:
Scenario
You have been asked by the Payroll department to create a program that will calculate the weekly pay for the company’s 30 employees. The employee names and pay will be stored in arrays. The program will prompt the user to provide each employee’s full name, hourly pay rate, and hours worked. The program will then ask whether the employee is single or married. If an employee is married, the tax rate is 25%; if he or she is single, the tax rate is 20%. Also, if the employee worked more than 40 hours in a week, the number of hours greater than 40 is paid a rate 1.5 times the pay rate.
After all data are input and calculated, the program will display a payroll report with a list of all the employee names and weekly pay. In addition, the program will display the total payroll for the week and the average weekly pay.

Write a program using Visual Basic, prompt the user for the appropriate input, and display the output as described above. You may assume all data are valid. Provide a program introduction message that tells the user how to use the program

 
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BUSN 379 Final Exa

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1.  (TCO 4) Which of the following is true regarding the evaluation of projects? (Points : 4)

sunk costs should be included
erosion effects should not be considered
financing costs need to be included
opportunity costs are relevant

2. (TCO 4) Which of the following investment ranking methods does not consider the time value of money? (Points : 4)

net present value method
payback method
internal rate of return method
all of these are time-adjusted methods

3. (TCO 3 and 4) A net present value of zero implies that an investment: (Points : 4)

has no initial cost.
has an expected return that is less than the required return.
should be rejected even if the discount rate is lowered.
never pays back its initial cost.
is earning a return that exactly matches the requirement.

4. (TCO 3 and 4) What is the net present value of a project with the following cash flows, if the discount rate is 15 percent?

Year

0

1

2

3

4

Cash flow

-$45,000

$11,520

$13,630

$16,470

$18,990

(Points : 4)

-$2,989.48
-$2,599.55
$1,153.37
$2,880.08
$3,312.09

5. (TCO 4) Leward Manufacturing is spending $115,000 to update its equipment. This is necessary if the firm wishes to be competitive in the marketplace and provide a wide array of product models. The company estimates that these updates will improve its cash inflows by $27,500 a year, for eight years. What is the payback period? (Points : 4)

4.18 years
5.82 years
6.62 years
7.79 years
This project never pays back

6. (TCO 4) The postponement of a project until conditions are more favorable: (Points : 4)

is a valuable option.
is referred to as the option to extend.
could not cause a negative net present value project to become a positive net present value project.
will generally cause the internal rate of return for a project to decline.

7. (TCO 4) ___________, occurs when a firm cannot raise financing for a project under any circumstances. (Points : 4)

contingency planning.
hard rationing.
soft rationing.
capital constraint.
scenario analysis.

8. (TCO 4) ABC Cameras is considering an investment that will have a cost of $10,000 and the following cash flows: $6,000 in year 1, $4,000 in year 2 and $3,000 in year 3. Assume the cost of capital is 10%. Which of the following is true regarding this investment? (Points : 4)

The net present value of the project is approximately $10,000
This project should be accepted because it has a positive net present value
This project’s payback period is 10 years or more
None of the above is true

9. (TCO 4) Assume Company X plans to invest $60,000 in new computers. Using Tables 9.6 and 9.7 of your textbook (Page 277), which is the second year depreciation amount under MACRS? (Points : 4)

$12,000
$19,200
$19,800
None of the above

10. (TCO 1 and 4) Assume a corporation has earnings before depreciation, and taxes of $100,000, depreciation of $40,000, and that it has a 30 percent tax bracket. What are the after-tax cash flows for the company? (Points : 4)

$82,000
$110,000
$42,000
none of these

11. (TCO 8) Which of the following statements is true regarding systematic risk? (Points : 4)

is diversifiable
is the total risk associated with surprise events
it is measured by beta
it is measured by standard deviation

12. (TCO 8) Which statement is true regarding risk? (Points : 4)

the expected return is usually the same as the actual return
a key to assess risk is determining how much risk an investment adds to a portfolio
risks can always be decreased or mitigated by the financial manager
the higher the risk, the lower the return investors require for the investment

13. (TCO 8) The stock of Hobby Town has an expected return of 8.8 percent. Given the information below, what is the expected return on this stock if the economy is normal?

State of Economy

Probability of State of Economy

Rate of Return

Recession

.10

-.09

Normal

.70

?

Boom

.20

.26

(Points : 4)

3.86 percent
4.42 percent

6.43 percent
7.28 percent
8.21 percent

14. (TCO 8) You own a portfolio that consists of $8,000 in stock A, $4,600 in stock B, $13,000 in stock C, and $5,500 in stock D. What is the portfolio weight of stock B? (Points : 4)

14.79 percent
15.91 percent
18.42 percent
19.07 percent
19.46 percent

15. (TCO 8) You would like to create a portfolio that is equally invested in a risk-free asset and two stocks. The one stock has a beta of .80. What does the beta of the second stock have to be if you want the portfolio risk to equal that of the overall market? (Points : 4)

1.4
1.6
1.8
2.0
2.2

1. (TCO 8) Weak form market efficiency states that the value of a security is based on: (Points : 4)

all public and private information.
historical information only.
all publicly available information.
all publicly available information, plus any data that can be gathered from insider trading.
random information with no clear distinction as to the source of that information.

2. (TCO 5) Royal Petroleum Co. can buy a piece of equipment that can be financed with debt at a cost of 6 percent (after-tax) and common equity at a cost of 18 percent. Assume debt and common equity each represent 50 percent of the firm’s capital structure. What is the weighted average cost of capital? (Points : 4)

between 3 and 9%
exactly 12%
more than 14%
exactly 11%
none of the above

3. (TCO 5, 6 and 7) An issue of common stock is expected to pay a dividend of $4.80 at the end of the year. Its growth rate is equal to eight percent. If the required rate of return is 13 percent, what is its current price? (Points : 4)

$103.68
$36.92
$96.00
none of these

4. (TCO 5, 6 and 7) Which of the following is true regarding the cost of debt? (Points : 4)

It is the return that the firm’s creditors demand on new borrowing.
It is always equal to the weighted cost of capital.
An appropriate method to compute the cost of debt is using the coupon rate of current bonds outstanding.
All of the above are true.

5. (TCO 5) Which of the following is not true regarding the cost of retained earnings? (Points : 4)

it is relevant to the WACC
does not require new funds to be raised
has associated flotation costs
has a cost, which is the opportunity cost associated with stockholder funds

6. (TCO 4) A project has the following cash flows. What is the internal rate of return?

Year

0

1

2

3

Cash flow

-$195,600

$99,800

$87,600

$75,300

(Points : 4)

less than 5%
between 5 and 15%
between 15 and 18%
more than 21%

7. (TCO 5, 6 and 7)  All else constant, the weighted average cost of capital for a firm will decrease if: (Points : 4)

a firm’s bonds start selling at a premium, rather than at a discount.
the market risk premium increases.
the firm replaces some of its debt with preferred stock.
corporate taxes are eliminated.
the dividend yield on the common stock increases.

8. (TCO 5, 6 and 7) The six percent preferred stock of FKH Manufacturing is selling for $62 a share. What is the firm’s cost of preferred stock, if the tax rate is 34 percent and the par value per share is $100? (Points : 4)

5.98%
7.06%
8.05%
9.68%
10.10%

9. (TCO 2) Which one of the following occurs if a firm files for Chapter 7 bankruptcy, but does not generally occur if the firm files for Chapter 11 bankruptcy? (Points : 4)

a petition is filed in federal court
administrative fees are incurred
a list of creditors is compiled
pre-bankruptcy shareholders tend to lose part, if not all, of their investment in the firm
a trustee-in-bankruptcy is elected by the creditors

10. (TCO 5) Which of the following statements is false regarding the cost of capital? (Points : 4)

The cost of capital should consider the flotation costs.
All other being equal, it is preferable to use market value weights than book value weights.
The WACC is the most appropriate discount rate for all projects.
Should include the cost of retained earnings.

11. (TCO 2) Which of the following increases the cash account? (Points : 4)

Goods are sold on credit
An interest payment on a notes payable is made
A payment due is received from a client
Raw materials are purchased and paid for with credit

12. (TCO 2) Which of the following statements is true? (Points : 4)

The optimal credit policy minimizes the total cost of granting credit.
Firms should avoid offering credit at all cost.
An increase in a firm’s average collection period generally indicates that an increased number of customers are taking advantage of the cash discount.
Character, refers to the ability of a firm to meet its credit obligations out its operating cash flows.
The optimal credit policy, is the policy that produces the largest amount of sales for a firm.

13. (TCO 2) All else constant, a decrease in the accounts receivable period will: (Points : 4)

lengthen the accounts payable period.
shorten the inventory period.
lengthen the operating cycle.
shorten the cash cycle.
shorten the accounts payable period.

14. (TCO 2) Delphinia’s has the following estimated quarterly sales for next year. The accounts receivable period is 30 days. What is the expected accounts receivable balance at the end of the second quarter? Assume each month has 30 days.

Q1

Q2

Q3

Q4

Sales

$1,800

$1,700

$2,100

$1,900

(Points : 4)

$567
$600
$821
$1,134
$1,200

15. (TCO 1) Why is maximization of the current value per share a more appropriate financial management goal than profit maximization? (Points : 4)

Because by maximizing the current stock value, you also maximize the company’s profit for the year.
Because this criterion is non-ambiguous.
Because financial managers always act in the best interest of shareholders.
Because it creates short-term gains in the financial statements.

1. (TCO 1) Which one of the following activities best exemplify working capital management? (Points : 4)

Sale long-term bonds to raise funds for a new machine.
Determine the return of a potential project.
Calculate the cash flows for a project.
Manage payments to suppliers.

2. (TCO 1) Book values are different from market values because: (Points : 4)

Book values reflect the value of the asset based on generally-accepted accounting principles.
Book values are used in the company’s balance sheet.
Book values do not reflect the amount someone is willing to pay today for an asset.
All of the above
None of the above

3. (TCO 1) Use the following tax table to answer this question:

Taxable Income

Tax Rate

$0-

$50,000

15%

$50,001-

75,000

25

$75,001-

100,000

34

$100,001-

335,000

39

$335,001-

10,000,000

34

Riddell, Inc. earned $144,320 in taxable income for the year. How much tax does the company owe on this income? (Points : 4)

$39,535
$49,069
$51,285
$56,285
$78,535

4. (TCO 3) Regional Bank offers you an APR of 19 percent compounded semiannually, and Local Bank offers you an EAR of 19.50 percent for a new automobile loan. You should choose ______________ because its _______ is lower. (Points : 4)

Regional Bank, APR
Local Bank, EAR
Regional Bank, EAR
Local Bank, APR

5. (TCO 3) You deposited $8,000 in your bank account today. Which of the following will increase the future value of your deposit, assuming that all interest is reinvested? Assume the interest rate is a positive value. Select all that apply: (Points : 4)

a decrease in the interest rate
increasing the initial amount of your deposit
decreasing the frequency of the interest payments
extending the length of the investment period

6. (TCO 3) You want to have $15,000 for a down payment on a house five years from now. If you can earn 13 percent, compounded annually, on your savings, how much do you need to deposit today to reach your goal? (Points : 4)

$7,858.11
$8,141.40
$9,803.58
$12,464.28
$14,213.25

7. (TCO 3) The new home that you want to buy costs $249,500. You plan to make a cash down payment of 20 percent and finance the balance over 10 years at 6.75 percent. What will be the amount of your monthly mortgage payment? (Points : 4)

$2,291.89
$2,809.10
$3,287.46
$3,412.67
$4,145.68

8. (TCO 3) Which type of loan is comparable to the present value of a future lump sum? (Points : 4)

effective annual rate
amortized
interest-only
annual percentage
pure discount

9. (TCO 3) Fanta Cola has $1,000 par value bonds outstanding at 12 percent interest. The bonds mature in 25 years. What is the current price of the bond if the YTM is 16 percent? Assume annual payments. (Points : 4)

$1315
$1300
$756
$1000

10. (TCO 6) The market where new securities are offered is called the _____ market. (Points : 4)

primary
main
secondary
principal
dealer

11. (TCO 7) Which one of the following statements concerning financial leverage is correct? (Points : 4)

Financial leverage increases profits and decreases losses.
Financial leverage has no effect on a firm’s return on equity.
Financial leverage, refers to the use of common stock.
Financial leverage magnifies both profits and losses.
Increasing financial leverage will always increase the earnings per share.

12. (TCO 3) SmithKline Company’s bonds are currently selling for $1,157.75 per $1000 par-value bond. The bonds have a 10 percent coupon rate and will mature in 10 years. What is the approximate yield to maturity? (Points : 4)

6.96%
7.69%
11.0%
12.1%

13. (TCO 8) Which of the following is true regarding bonds? (Points : 4)

Bonds do not carry default risk.
Bonds are sensitive to changes in the interest rates.
Moody’s and Standard and Poor’s provide information regarding a bond’s interest rate risk.
Municipal bonds are free of default risk.
None of the above is true

14. (TCO 8) Which one of the following bonds is the most sensitive to interest rate movements?  (Points : 4)

zero-coupon, five year
seven percent annual coupon, five year
zero-coupon, 10 year
five percent semi-annual coupon, 10 year
five percent annual coupon, 10 year

15. (TCO 6) A sinking fund is an account managed by a bond trustee for the sole purpose of: (Points : 4)

paying interest payments on a semi-annual basis.
redeeming bonds early.
repaying the face value at maturity.
paying the expenses required to reissue outstanding bonds.
paying the “balloon payment” at maturity.

1. (TCO 6) Which of the following is true regarding put bonds? (Points : 4)

Have coupons that depend on the company’s income
Can be exchanged for a fixed number of shares before maturity only
Can be exchanged for a fixed number of shares before maturity
Allow the holder to require the issuer to buy the bond back

2. (TCO 6 and 7) Financial leverage deals with: (Points : 4)

the relationship of fixed and variable costs.
the percentage of debt in the capital structure.
the entire income statement.
the entire balance sheet.

3. (TCO 6) Company A has a bond outstanding with $90 annual interest payment, a market price of $820, and a maturity date in five years. Assume the par value to be $1,000. What is the bond’s current yield? (Points : 4)

9%
14%
11%
Cannot be determined
None of the above

4. (TCO 2) Which of the following does not reduce collection float? (Points : 4)

installing a lockbox system.
deposit collections weekly, instead of daily.
requiring all customers pay by cash, rather than with check.
utilize the benefits of the Check Clearing Act for the 21stCentury.

5. (TCO 2) ___________, is a system that minimizes inventory. (Points : 4)

material requirements planning
ABC approach
just in time
reorder points

6. (TCO 1) Provide three examples of situations in which business ethics play a role in the financial management process. Explain your rationale, and how these situations may affect the value of the firm. (Points : 10)
7. (TCO 4) What are sunk costs? Provide at least two real-life examples of sunk costs for a project. Should sunk costs be included as incremental cash flows? Why or why not? Explain your rationale. (Points : 10)
8. (TCO 8) What is the difference between systematic and unsystematic risk? Provide one example of each. Can both systematic and unsystematic risks be diversified? Why or why not? (Points : 10)
9. (TCO 2) What are the costs associated with extending (or not extending) a credit policy to customers? (Points : 10)
10. (TCO 6 and 7) Consider the following statement: “In order to maximize value, all firms should maintain a 30/70 debt to equity ratio”. Do you believe this statement is correct? Explain your rationale. (Points : 10)

 
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CIS 407 Final Exa

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1. (TCO 1) In order to design Web forms in Visual Studio.NET, we use the _______.

2. (TCO 1) Many of the Web server controls have a _______ menu, which allows developers options to perform common tasks and settings

3. (TCO 1) The starting page for the website can be changed by _______.

4. (TCO 2) _______ allow users to select controls by keyboard shortcuts

5. (TCO 2) You can use the ________ to specify the maximum amount of characters that can be entered in a textbox

6. (TCO 2) The CheckedChanged Event for a radio button occurs _________.

7. (TCO 3) You can use ________ to track the state of each user in the application.

8. (TCO 3) The ________ control displays the navigation as menu options

9. (TCO 3) ________ variables are maintained while the browser is opened

10. (TCO 4) To create an SQLDataSource from the Designer, developers can _______.

11. (TCO 5) _______ is the ability for the GridView to display data one page at a time.

12. (TCO 5) The ________ layer is used to contain the data for the application.

13. (TCO 6) Transaction objects in .NET contain methods to

14. (TCO 6) _________ starts the transaction process

15. (TCO 6) _________ reverts the changes in the database

16. (TCO 6) _________, in transaction processing, means that managed resources survive failures

1. (TCO 7) You need _______ in order to add one or more Views to a control

2. (TCO 7) A _________ control can be implemented to allow users to step through a process

3. (TCO 7) The _________ part of ASP.NET Web pages can contain a combination of Web controls, user controls, and HTML syntax

4. (TCO 9) SMTP sends e-mails in _______ format.

5. (TCO 9) A _______ is a web page that can be easily customized by users.

6. (TCO 9) The ________ file controls the configuration of the ASP.Net Web application.

7. (TCO 1) An absolute URL is _______.

8. (TCO 1) When you bind a dropdown list to a data grid, the system will _______.

9. (TCO 1) A _________ is a website that is located on your local computer

10. (TCO 2) You can use the ________ to specify the maximum amount of characters that can be entered in a textbox

11. (TCO 2) The CheckedChanged Event for a radio button occurs _________.

12. (TCO 2) The Rows and SelectionMode properties apply to _______.

13. (TCO 3) You can use ________ to track the state of each user in the application

14. (TCO 3) ________ values are stored in the memory of the ASP.NET process.

15. (TCO 9) In IIS, you can create a _____ directory, which points to a location other then (THAN) the directory you create for the project

1. (TCO 1) Describe three components found in the Application Layer

2. (TCO 2) Describe one item that needs to be kept in mind when designing web forms for the Presentation Layer of an N-Tier Architecture

3. (TCO 3) Describe the ASP.NET session state object and give one example of what it can be used for in a web application

4. (TCO 4) Describe two advantages of using stored procedures instead of inline SQL.

5. (TCO 5) List the seven general steps involved in creating a Web-based data-driven application that uses a bound control to display data from a database

 
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CIS 336 Final Exam (Set 2

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1. (TCO 1) Most DBMS are referred to as _____________database management systems.

2. (TCO 1) A relational DBMS provides protection of the _______________________ through security, control, and recovery facilities.

3. (TCO 2) If a foreign key contains either matching values or nulls, the table(s) that make use of such a foreign key is/are said to exhibit __________ integrity.

4. (TCO 2) A field that consists of integer values is a _________ type field.

5. (TCO 3) The PK must uniquely identify each entity instance. A primary key must be able to guarantee unique values. It cannot contain nulls. This rationale belongs to ____.

6. (TCO 3) A table that is in 1NF and includes no partial dependencies only is said to be in_____________.

7. (TCO 3) A table that has all key attributes defined, has no repeating groups, and all its attributes are dependent on the primary key, is said to be in_____________.

8. (TCO 4) In Oracle, the DEFAULT constraint is used to ____________________.

1. (TCO 4) Which of the following is not considered a database object

2. (TCO 4) Which of the following SQL statements would you use to create a table named DEVRY?

3. (TCO 5) The ____ constraint requires that a specific condition be met before a record can be added to a table

4. (TCO 5) The ___________ model is both software and hardware dependent

5. (TCO 6) The _________________________ statement can be used to enable or disable a constraint

6. (TCO 6) When using the ALTER TABLE…DROP COLUMN command, which of the following is not correct?

7. (TCO 6) Which of the following keywords can be used to change the size, datatype, and/or default value of an existing column?

8. (TCO 7) Any type of subquery can be used in the _________ clause of a SELECT statement

1. (TCO 7) Using the BOOK_CUSTOMER and BOOK_ORDER tables shown below for references, which SQL statement will return the same results as the following SQL statement?

2. (TCO 7) If a Cartesian join is used to link table A which contains five rows to table B which contains eight rows, there will be _______ rows in the results

3. (TCO 8) Based upon the contents of the BOOK_ORDER table shown below, which of the following SQL statements will display the ship date for order 1006 as April 2, 2002?

4. (TCO 8) Based upon the contents of the BOOK_ORDER table shown below, which of the following SQL statements will display only those orders shipped to the zip code zone that begins with 323

5. (TCO 8) Which of the following functions determines the number of characters in a character string?

6. (TCO 9) Which of the following is not a valid SQL command?

7. (TCO 9) Using the promotion table shown below, which of the following SQL statements will insert a new row into the PROMOTION table?

8. (TCO 10) A ____ is a uniquely identifiable object that allows a given person to log on to the database

9. (TCO 10) Which command will delete a user account from Oracle9i?

1. (TCO 2) What is Character data?

2. (TCO 3) Explain the term “second normal form”.

3. (TCO 7) Sally needs to find all employees who have a date-of-hire between 01-JAN-2003 and 01-JAN-2005. She writes and executes the following query:

4. (TCO 8) In using group functions we cannot place a group function in a WHERE clause. Explain how the WHERE clause and HAVING clause are similar and why you can use the HAVING with a group function but not a WHERE clause

5. (TCO 6) Write the SQL statement that will remove the database table EMPLOYEE

1. (TCO 7) Write a join query using NATURAL JOIN that for every order in the ORDERS table will list the order number and order date along with the cusnumber, last name, and first name of the customer who placed the order.

2. (TCO 8) Write a query that will list the part number, part description, and on-hand value (units on hand * unit price) for each part in item class AP. Give the expression an alias of “On Hand Value”.

3. (TCO 8) Write a sub query that will list the part number, part description, and units on hand of all parts where the number of units on hand is greater than the average of units on hand for all parts.

4. (TCO 7) Using the BETWEEN operator, write a query that will list all details about all orders that were placed during the period of September 3rd thru September 5th of 1998.

5. (TCO 7) Write a query that will list the part number and part description for all parts in the PART table.

 
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CIS 206 Final Exa

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1. (TCO 1) UNIX (the predecessor of Linux) was originally developed by _____. (Points : 6)

2. (TCO 2) The _____ is the core component of the Linux operating system

3. (TCO 2) A Linux _____ Partition is the partition that is used as virtual memory on the hard d

1. (TCO 6) After connecting to an FTP site, the ______ command will toggle off the Interactive messages during file transfer

2. (TCO 6) After connecting to an FTP site, the _____ command will download multiple files.

3. (TCO 6) Name a protocol listed below that is connection-oriented

4. (TCO 5) Select the UNIX command used to generate a private and a public key for encrypting and decrypting files using secure shell (SSH).

5. (TCO 5) What is the name of the stable and reliable firewall daemon that is freely available in every version of Linux

6. (TCO 5) As a security measure, all TCP services are protected by TCP wrappers. What two files make up TCP wrappers

7. (TCO 5) The Linux firewall daemon iptables can enforce rules on all the following chains except _____.

8. (TCO 4) For security reasons, _____ is the name of the file that holds each user’s actual encrypted password

9. (TCO 4) In a file permissions, if a permission is unavailable or not assigned, a(n) _____ character replaces its position in the displayed permissions

10. (TCO 4) When using the chmod command in numeric mode, the permissions rw- can be represented by the number

11. (TCO 4) After the user is created, the content of the _____ directory is copied to the new users’ home directory

1. (TCO 7) In the Linux sudoers configuration file, which of the following lines will give the user student the right to execute the service command

2. (TCO 7) Unix services whose file name end in a d, such as dhcpd, xinetd, smtpd, httpd, etc. indicate that the particular file is a _____.

3. (TCO 7) Which one of the following Linux commands will allow you to view the Windows shares on a computer named winclient10 as the user smbuser

4. (TCO 7) What is the path and name for the directory where you can place scripts that will automatically run every hour

5. (TCO 6) What is the name of the UDP protocol that automatically provides TCP/IP host configuration information to PCs, and what UDP port numbers does it use

6. (TCO 5) What is the command required to create a set of public and private keys that can be used by SSH (secure shell)

7. (TCO 4) What is the name of the path and filename for the file that contains encrypted passwords for Linux users

8. (TCO 3) What is the single command that will display all files in the /bin directory that begin with the letters a, b, or c ) assuming /root is the current directory

9. (TCO 2) What is the core component of the Linux operating system called

10. (TCO 1) What is software called that is distributed free of charge, but without the sourcecode provided

 
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BUSN 427 Final Exa

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(TCO 1) Which are factors that move the world toward more globalization?

(TCO 2) What is the difference between communists and social democrats?

(TCO 3) What is probably more important than culture in explaining the differences in economic growth between countries?

(TCO 3) Which theory deals with competitive advantage for countries?

(TCO 4) FDI tends to flow

(TCO 5) Which of the following is not a member of the Asia-Pacific Economic Cooperative?

(TCO 6) What common good is used in most nations to create an index for measuring purchase power parity in various nations?

(TCO 8) What are the various types of countertrade available?

(TCO 8) In distribution strategy, what are the four main differences between countries?

(TCO 3) When McDonald’s initially entered China, it was confident that its success in other parts of the world would facilitate its success in China, but they quickly found out that the relationships and connections implied by guanxi are an essential to business success in China. McDonald’s lost an attractive store location near Tiananmen Square to a Hong Kong developer who, thanks to relationships and connections developed over the years, was able to persuade city officials to overlook the lease McDonald’s held for the property.

Explain the concept of guanxi. Why is it so important to businesses operating in China? How did McDonald’s lack of guanxi raise its costs of doing business in China?

(TCO 3) In 2006, two Chinese journalists reported that the working conditions at Hongfujin Precision Industries where Apple’s iPods are produced were substandard. According to the report, not only were workers at the plant poorly paid, but they were also forced to work overtime. Apple immediately responded to the allegations and audited the factory in question. However, managers at the factory filed a defamation lawsuit against the two journalists. Despite the fact that Apple’s audit did indeed show substandard working conditions at the factory, Hongfujin did not withdraw the lawsuit. Eventually the Reporters Without Borders group took up the case for the two reporters and the lawsuit was dropped.

Should Apple be responsible for ensuring that its suppliers are safeguarding the basic rights and dignity of its employees? How can Apple be sure that its suppliers do not employ sweatshop labor?

(TCO 3) Exports are largely responsible for China’s recent rapid economic growth. The country, capitalizing on its cheap labor force, has focused on converting raw materials into products that are exported to developed countries such as the United States. In 2008, China’s trade surplus was a record $280 billion, and its holdings of foreign exchange reserves were over $1.95 trillion. Some critics have suggested that China is following a neomercantilist policy.
Are the claims that China is following a neomercantilist policy valid? Why or why not?

(TCO 4) For years, Japan has been relatively closed to significant foreign direct investment, but more recently the government has changed its policy and actually now encourages inward investment. Wal-Mart, taking advantage of this shift in policy, acquired a large Japanese retailer in 2002. Wal-Mart’s initial venture into Japan has been challenging and has forced the company to change its approach to better compete with local retailers and meet the needs of Japanese consumers.

Why did Japan change its position on inward foreign direct investment? How will Wal-Mart’s investment benefit Japan?

(TCO 7) Which of the following are true about the International Monetary Fund?

(TCO 5) Concerning European Union’s progress toward creating a single financial market, the quest started in 1999 was to have been completed by 2005, however, progress has been slowed by various factors related to the tradition of each member country operating autonomously. By 2007, significant progress had been made. Some 41 measures designed to create a single market were in place and others were in the pipeline. The current issue facing the EU revolves around the enforcement of the rules that have been established as law. Some experts believe that it will be at least another decade before the benefits of the new rules become apparent. Discussion of this feature can begin with the following questions.
What are the benefits of creating a single financial market in the European Union for companies? Does it make sense for consumers?

(TCO 6) In the 1980s, Caterpillar was negatively affected by a strong dollar and lost significant market share to Japanese competitor Komatsu. The situation prompted Caterpillar to revise its global strategy and by the 2000s, the company was in a much better position to deal with volatile currency values. More recently, a strong dollar has actually helped boost Caterpillar’s bottom line.

In the 1980s, a stronger dollar hurt Caterpillar’s competitive position, but in 2008 a stronger dollar did not seem to have the same effect. What had changed?

(TCO 7) After joining the European Union in 2004, Latvia established a currency board system that pegged the value of its currency to the euro. This system came under significant pressure when the effects of the financial crisis that began in the United States in 2008 spilled over into the country. Latvia was eventually forced to ask the International Monetary Fund and the European Union for assistance in order to get its financial system and economy back on track. As part of the assistance package, Latvia was required to make significant changes in its economic policy.

Why did the initial effort by Latvia’s government to stabilize the country’s currency fail? Was the government attempting to stop a banking crisis or a foreign debt crisis?

(TCO 8) Vellus Products is a small company that produces personal care products for dogs. Vellus Products initially began exporting when a Taiwanese business placed an order for its dog shampoo. Since then, Vellus Products has expanded its export business and today, international sales account for about half its total sales. Vellus Products now sells in 28 countries around the world.

Can other small companies learn from the experiences of Vellus Products? Reflect on the tips of Vellus Products’ founder Sharon Doherty for beginning the export process.

(TCO 8) By 2012, India is expected to export half a million vehicles a year. South Korea’s Hyundai is leading the charge, exporting over one third of its Indian production. Suzuki and Nissan have both entered the Indian market more recently. Both companies see the Indian market as an important component in their future production and marketing strategies.
Why did Hyundai and other global automakers choose India as a production location? What makes India attractive to auto producers?

(TCO 8) Microsoft is meeting the challenges of expanding into the potentially lucrative Indian market, a market where currently most people cannot afford a computer nor the Microsoft programs to run it. Microsoft has changed its highly standardized approach to markets to develop products specifically designed to meet the needs of the Indian market. In addition, the company has established local R & D operations that it hopes will generate new products for the market.
How does Microsoft vary the marketing mix of its existing product offerings to gain traction with Indian customers? What else has Microsoft done to make headway in India?

 
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BUSN 379 Final Exa

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Page 1

1. (TCO 4) Which of the following is true regarding the evaluation of projects? (Points : 4)
sunk costs should be included
erosion effects should be considered
financing costs need to be included
opportunity costs are irrelevant

 

2. (TCO 4) There are several disadvantages to the payback method, among them: (Points : 4)

payback ignores cash flows beyond the cutoff.
payback can be used in conjunction with time adjusted methods of evaluation.
payback is easy to use and to understand.
none of the above is a disadvantage.

 

3. (TCO 3 and 4) You can ensure that an investment is expected to create value for (Points : 4)

have a PI equal to zero.
produce negative rates of return.
have positive AARs.
have positive IRRs.
have positive NPVs.

 

4. (TCO 3 and 4) Portman’s is considering adding a new product to its lineup. This product is expected to generate sales for three years, after which time the product will be discontinued. What is the project’s net present value, if the firm wants to earn a 12 percent rate of return?

Year 0 1 2 3
Cash flow -$62,000 $10,730 $20,190 $40,340 (Points : 4)
$7,611.08
$6,795.61
$1,084.41
$4,862.07
$9,682.26

 

5. (TCO 4) Leward Manufacturing is spending $115,000 to update its equipment. This is necessary if the firm wishes to be competitive in the marketplace and provide a wide array of product models. The company estimates that these updates will improve its cash inflows by $27,500 a year, for eight years. What is the payback period? (Points : 4)

4.18 years
5.82 years
6.62 years
7.79 years
This project never pays back

 

6. (TCO 4) Ignoring the option to expand: (Points : 4)

overestimates the internal rate of return on a project.
ignores the possibility that a negative net present value project might be positive, given changes over time.
ignores the possibility that one variable is the primary source of the forecasting risk associated with a project.
underestimates the net present value of a project.

 

7. (TCO 4) ____________, refers to the situation a firm faces when it has positive net present value projects, but cannot obtain financing for those projects. (Points : 4)

capital planning.
soft rationing.
capital rationing.
hard rationing.
a sunk cause.

 

8. (TCO 4) ABC Cameras is considering an investment that will have a cost of $10,000 and the following cash flows: $6,000 in year 1, $4,000 in year 2 and $3,000 in year 3. Assume the cost of capital is 10%. Which of the following is true regarding this investment? (Points : 4)

The net present value of the project is approximately $1,011
This project should be accepted because it has a negative net present value
This project’s payback period is 10 years or more
All of the above are true

 

9. (TCO 4) Assume Company X plans to invest $60,000 in new computers. Using Tables 9.6 and 9.7 of your textbook (Page 277), which is the second year depreciation amount under MACRS? (Points : 4)

$12,000
$19,200
$19,800
None of the above

 

10. (TCO 1 and 4) Assume a project has earnings before depreciation and taxes of $120,000, depreciation of $40,000, and that the firm has a 30 percent tax bracket. What are the after-tax cash flows for the project? (Points : 4)

$56,000
$96,000
a loss of $21,000
none of these

 

11. (TCO 8) Which of the following statements is true regarding systematic risk? (Points : 4)

is diversifiable
is the total risk associated with surprise events
it is measured by beta
it is measured by standard deviation

 

12. (TCO 8) Which statement is true regarding risk? (Points : 4)

the expected return is usually the same as the actual return
a key to assess risk is determining how much risk an investment adds to a portfolio
risks can always be decreased or mitigated by the financial manager
the higher the risk, the lower the return investors require for the investment

 

13. (TCO 8) The stock of Hobby Town has an expected return of 8.8 percent. Given the information below, what is the expected return on this stock if the economy is normal?

State of Economy Probability of State of Economy Rate of Return
Recession .10 -.09
Normal .70 ?
Boom .20 .26 (Points : 4)
3.86 percent
4.42 percent

6.43 percent
7.28 percent
8.21 percent

 

14. (TCO 8) You own a portfolio that consists of $8,000 in stock A, $4,600 in stock B, $13,000 in stock C, and $5,500 in stock D. What is the portfolio weight of stock D? (Points : 4)

17.68 percent
17.91 percent
18.42 percent
19.07 percent
19.46 percent

 

15. (TCO 8) Stock A has an expected return of 14 percent and a beta of 1.3. Stock B has an expected return of 10 percent and a beta of .9. Both stocks have the same reward-to-risk ratio. What is the risk-free rate? (Points : 4)

1.0 percent

Page 2

1. (TCO 8) If the financial markets are strong form efficient, then: (Points : 4)
only the most talented analysts can determine the true value of a security.
only company insiders have a marketplace advantage.
technical analysis provides the best tool to gain a marketplace advantage.
no one person has an advantage in the marketplace.
every security offers the same rate of return.

 

2. (TCO 5) Royal Petroleum Co. can buy a piece of equipment that can be financed with debt at an after-tax cost of 8 percent and common equity at a cost of 20 percent. Assume debt and common equity each represent 50 percent of the firm’s capital structure. What is the weighted average cost of capital? (Points : 4)

between 4% and 10%
between 11 and 12%
between 12 and 13%
exactly 14%
more than 14%

3. (TCO 5, 6 and 7) An issue of common stock’s most recent dividend is $3.75. Its growth rate is eight percent. What is its price if the market’s rate of return is 16 percent? (Points : 4)
$25.01
$46.88
$50.63
none of these

 

4. (TCO 5, 6 and 7) Which of the following is true regarding the cost of debt? (Points : 4)

It is the return that the firm’s creditors demand on new borrowing.
It is always equal to the weighted cost of capital.
An appropriate method to compute the cost of debt is using the coupon rate of current bonds outstanding.
All of the above are true.

 

5. (TCO 5) Which of the following is true regarding the cost of retained earnings? (Points : 4)

it is irrelevant to the WACC
requires new funds to be raised
need to be adjusted for the flotation costs
have a cost, which is the opportunity cost associated with stockholder funds

 

6. (TCO 4) A project has the following cash flows. What is the internal rate of return?

Year 0 1 2 3
Cash flow -$520,000 $112,900 $367,200 $204,600 (Points : 4)
less than 10%
approximately 14%
more than 16%
more than 18% but less than 20%

 

7. (TCO 5, 6 and 7) Which one of the following is a correct statement regarding a firm’s weighted average cost of capital (WACC)? (Points : 4)

the WACC can be used as the required return for all new projects.
the WACC of a leveraged firm will decrease when the tax rate decreases.
an increase in the market risk premium will tend to decrease a firm’s WACC.
the WACC is a starting point for the subjective approach to setting discount rates.
a reduction in the risk level of a firm will tend to increase the firm’s WACC.

 

8. (TCO 5, 6 and 7) The preferred stock of Blue Sky Air pays an annual dividend of $7.25 a share and sells for $54 a share. The tax rate is 35 percent. What is the firm’s cost of preferred stock? (Points : 4)

8.56 percent
9.32 percent
11.85 percent
13.43 percent
14.47 percent

 

9. (TCO 2) Which one of the following statements is true concerning a bankruptcy? (Points : 4)

a Chapter 7 bankruptcy is a reorganization proceeding.
a “prepack” is intended to shorten the time a firm spends in bankruptcy.
the absolute priority rule applies to both Chapter 7 and Chapter 11 bankruptcy proceedings, and must be adhered to by the courts.
creditors cannot force a firm into bankruptcy, even though they might like to do so.
a reorganization plan, can only be approved if the firm’s creditors all agree with the plan.

 

10. (TCO 5) Which of the following statements is true regarding the cost of capital? (Points : 4)

All other being equal, it is preferable to use market value weights than book value weights
The WACC is the most appropriate discount rate for all projects.
Should not include the cost of retained earnings.
Depends primarily on the source of the funds, not the use.

 

11. (TCO 2) Select any actions that do not affect the cash account. (Points : 4)

Goods are sold cash
An interest payment on a notes payable is made
A payment due is received from a client
Dividends are paid to shareholders
Inventory is purchased and paid for with credit

 

12. (TCO 2) Which of the following statements is true? (Points : 4)

The optimal credit policy minimizes the total cost of granting credit.
Firms should avoid offering credit at all cost.
An increase in a firm’s average collection period generally indicates that an increased number of customers are taking advantage of the cash discount.
Character, refers to the ability of a firm to meet its credit obligations out its operating cash flows.
The optimal credit policy, is the policy that produces the largest amount of sales for a firm.

 

13. (TCO 2) All else constant, a decrease in the accounts receivable period will: (Points : 4)

lengthen the accounts payable period.
shorten the inventory period.
lengthen the operating cycle.
shorten the cash cycle.
shorten the accounts payable period.

 

14. (TCO 2) Highland, Inc. has the following estimated quarterly sales for next year. The accounts receivable period is 30 days. How much does the firm expect to collect in the fourth quarter? Assume that each month has 30 days.

Q1 Q2 Q3 Q4
Sales $3,200 $4,500 $4,400 $2,900 (Points : 4)
$3,250
$3,400
$3,600
$3,750
$3,900

 

15. (TCO 1) Which one of the following actions best matches the primary goal of financial management? (Points : 4)

increasing the net, working capital while lowering the long-term asset requirements
improving the operating efficiency, thereby increasing the market value of the stock
increasing the firm’s market share
reducing fixed costs and increasing variable costs
increasing the liquidity of the firm by transferring short-term debt into long-term debt

 
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