FINAN 303

The primary goal of financial management is to maximize which one of the following for a corporation?

The goal of financial management is to increase the:

Which one of the following best describes the primary intent of the Sarbanes-Oxley Act of 2002?

The Sarbanes-Oxley Act of 2002 has:

If you accept a job as a domestic security analyst for a brokerage firm, you are most likely working in which one of the following financial areas?

Jamie is employed as a commercial loan officer for a regional bank centered in the midwestern section of the U.S. Her job falls into which one of the following areas of finance?

Lester's BBQ has $121,000 in current assets and $109,000 in current liabilities. These values as referred to as the firm's:

Which one of the following best matches the primary goal of financial management?

Which one of the following is a working capital decision?

The Sarbanes-Oxley Act in 2002 was prompted by which one of the following from the 1990s?

Which one of the following correctly defines a common chain of command within a corporation?

Which of the following individuals commonly use finance in the course of their job? I. Chief financial officers II. Accountants III. Security analysts IV. Strategic managers

What is the goal of financial management for a sole proprietorship?

Which one of the following is a capital structure decision?

Tim has been promoted and is now in charge of all fixed asset purchases. In other words, Tim is in charge of:

Which one of the following best describes the primary intent of the Sarbanes-Oxley Act of 2002?

Your firm has net income of $329 on total sales of $1,340. Costs are $740 and depreciation is $130. The tax rate is 30 percent. The firm does not have interest expenses. What is the operating cash flow?

At the beginning of the year, long-term debt of a firm is $272 and total debt is $321. At the end of the year, long-term debt is $251 and total debt is $331. The interest paid is $17. What is the amount of the cash flow to creditors?

Ivan's, Inc. paid $500 in dividends and $595 in interest this past year. Common stock increased by $205 and retained earnings decreased by $131. What is the net income for the year?

A firm has earnings before interest and taxes of $25,380 with a net income of $14,220. The taxes amounted to $5,400 for the year. During the year, the firm paid out $43,800 to pay off existing debt and then later borrowed an additional $24,000. What is the amount of the cash flow to creditors?

The financial statements of Backwater Marina reflect depreciation expenses of $41,600 and interest expenses of $27,900 for the year. The current assets increased by $31,800 and the net fixed assets increased by $28,600. What is the amount of the net capital spending for the year?

The Draiman, Inc. currently has $3,600 in cash. The company owes $41,800 to suppliers for merchandise and $21,500 to the bank for a long-term loan. Customers owe The Draiman $18,000 for their purchases. The inventory has a book value of $53,300 and an estimated market value of $61,200. If the store compiled a balance sheet as of today, what would be the book value of the current assets?

The Play House's December 31, 2013, balance sheet showed net fixed assets of $1,238,000 and the December 31, 2014, balance sheet showed net fixed assets of $1,416,000. The company's 2014 income statement showed a depreciation expense of $214,600. What was the firm's net capital spending for 2014?

During the past year, Arther Anderson Services paid $360,800 in interest along with $48,000 in dividends. The company issued $230,000 of stock and $200,000 of new debt. The company reduced the balance due on the old debt by $225,000. What is the amount of the cash flow to creditors?

Which one of the following is an equity account?

Miser Materials paid $27,500 in dividends and $28,311 in interest over the past year while net working capital increased from $13,506 to $18,219. The company purchased $42,000 in net new fixed assets and had depreciation expenses of $16,805. During the year, the firm issued $25,000 in net new equity and paid off $21,000 in long-term debt. What is the amount of the cash flow from assets?

The Braxton Co. has beginning long-term debt of $64,500, which is the principal balance of a loan payable to Centre Bank. During the year, the company paid a total of $16,300 to the bank, including $4,100 of interest. The company also borrowed $11,000. What is the value of the ending long-term debt?

The owners' equity for The Deer Store was $58,900 at the beginning of the year. During the year, the company had aftertax income of $4,200, of which $3,200 was paid in dividends. Also during the year, the company repurchased $6,500 of stock from one of the shareholders. What is the value of the owners' equity at year end?

The Brown Jug has compiled the following information: Picture What is the operating cash flow for 2014?

At the beginning of the year, a firm has current assets of $319 and current liabilities of $223. At the end of the year, the current assets are $475 and the current liabilities are $263. What is the change in net working capital?