+1 123 456 7890 instantessays65@gmail.com

FIN/534 FIN534 FIN 534 Week 5 QUIZ 1

$12.99

FIN 534 Week 5 Midterm Exam Part 1 QUIZ 1 • Question 1 Which of the following statements is CORRECT? • Question 2 Which of the following is a primary market transaction? • Question 3 Which of the following statements is CORRECT? • Question 4 Which of the following statements is CORRECT? • Question 5 Which of the following statements is CORRECT? • Question 6 You recently sold 200 shares of Apple stock to your brother. The transfer was made through a broker, and the trade occurred on the NYSE. This is an example of: • Question 7 Which of the following statements is CORRECT? • Question 8 You recently sold 100 shares of your new company, XYZ Corporation, to your brother at a family reunion. At the reunion your brother gave you a check for the stock and you gave your brother the stock certificates. Which of the following statements best describes this transaction? • Question 9 Which of the following items cannot be found on a firm’s balance sheet under current liabilities? • Question 10 Danielle’s Sushi Shop last year had (1) a negative net cash flow from operations, (2) a negative free cash flow, and (3) an increase in cash as reported on its balance sheet. Which of the following factors could explain this situation? • Question 11 Which of the following statements is CORRECT? • Question 12 Which of the following factors could explain why Regal Industrial Fixtures had a negative net cash flow last year, even though the cash on its balance sheet increased? • Question 13 Assume that Congress recently passed a provision that will enable Barton’s Rare Books (BRB) to double its depreciation expense for the upcoming year but will have no effect on its sales revenue or tax rate. Prior to the new provision, BRB’s net income after taxes was forecasted to be $4 million. Which of the following best describes the impact of the new provision on BRB’s financial statements versus the statements without the provision? Assume that the company uses the same depreciation method for tax and stockholder reporting purposes. • Question 14 Which of the following statements is CORRECT? • Question 15 For managerial purposes, i.e., making decisions regarding the firm’s operations, the standard financial statements as prepared by accountants under Generally Accepted Accounting Principles (GAAP) are often modified and used to create alternative data and metrics that provide a somewhat different picture of a firm’s operations. Related to these modifications, which of the following statements is CORRECT? • Question 16 Analysts following Armstrong Products recently noted that the company’s operating net cash flow increased over the prior year, yet cash as reported on the balance sheet decreased. Which of the following factors could explain this situation? Question 17 Which of the following statements is CORRECT? • Question 18 You observe that a firm’s ROE is above the industry average, but its profit margin and debt ratio are both below the industry average. Which of the following statements is CORRECT? • Question 19 The Cavendish Company recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. This action had no effect on the company’s total assets or operating income. Which of the following effects would occur as a result of this action? • Question 20 Companies Heidee and Leaudy are virtually identical in that they are both profitable, and they have the same total assets (TA), Sales (S), return on assets (ROA), and profit margin (PM). However, Company Heidee has the higher debt ratio. Which of the following statements