Sunday 5 July 2015

BUS 401 Week 1 Quiz Ash Course

BUS 401 Week 1 Quiz Ash Course


BUS 401 Week 1 Quiz (Ash Course)


This exam consists of 10 multiple choice and true/false questions.


1.   Question :       The income statement for Brit, Inc. Indicates that tax expense was $20,000. The balance sheet indicates that taxes payable for the same year increased by $ 5,000. What amount did Brit, Inc. actually pay in taxes during this year?


2.   Question :       A financial manager is considering two projects, A and B. A is expected to add $ 2 million to profits this year while B is expected to add $ 1 million to profits this year. Which of the following statements is most correct?


3.   Question :       Which of the following statements about depreciation is true?


4.   Question :       The principle of risk-return tradeoff means that _____


5.   Question :       The quick ratio of a firm would be increased by which of the following?


6.   Question :       Common sized income statements ___________


7.   Question :       The December 31, 2007 balance sheet shows net fixed assets of $100,000 and the December 31, 2008 balance sheet shows net fixed assets of $140,000. Depreciation expense for 2007 is $15,000 and depreciation expense for 2008 is $20,000. Based on the information, the cost of fixed assets purchased during 2008 is ________


8.   Question :       Project A is expected to generate positive cash flow of $ 1 million in 10 years while Project B is expected to generate $ 500,000 in 5 years. Therefore, _______


9.   Question :       Global.Com has cash of $75,000; short term notes payable of $100,000; accounts receivable of $275,000; accounts payable of $135,000; inventories of $350,000; and accrued expenses of $75,000. What is Global’s net working capital?


10.       Question :       Which of the following statements is an example of a futures market transaction?


                                          BUS 401 Week 1 Quiz Ash Course


Home Work BUS 401 Week 1 Quiz Ash Course

BUS 401 Week 1 Quiz Ash Course


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BUS 401 Week 1 Quiz Ash Course

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