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MC-033

2008-07-02 00:13:41 | MC
The CFO of a company is concerned about the company's accounts receivable turnover ratio. The company currently offers customers terms of 3/10, net 30. Which of the following strategies would most lik . . . Read more

MC-032

2008-07-02 00:12:37 | MC
Which of the following factors is inherent in a firm's operations if it utilizes only equity financing? a. Financial risk. b. Business risk. c. Interest rate risk. d. Marginal risk. ANSWER: C . . . Read more

MC-031

2008-07-02 00:11:19 | MC
Which of the following formulas should be used to calculate the economic rate of return on common stock? a. (Dividends + change in price) divided by beginning price. b. (Net income - preferred dividen . . . Read more

MC-030

2008-07-02 00:10:00 | MC
Which of the following terms represents the residual income that remains after the cost of all capital, including equity capital, has been deducted? a. Free cash flow. b. Market value-added. c. Econom . . . Read more

MC-029

2008-07-02 00:04:07 | MC
The optimal capitalization for an organization usually can be determined by the a. Maximum degree of financial leverage (DFL). b. Maximum degree of total leverage (DTL). c. Lowest total weighted-avera . . . Read more

MC-028

2008-07-02 00:00:19 | MC
Why would a firm generally choose to finance temporary assets with short-term debt? a. Matching the maturities of assets and liabilities reduces risk. b. Short-term interest rates have traditionally b . . . Read more

MC-027

2008-07-01 23:49:51 | MC
Pinecrest Co. had variable costs of 25% of sales, and fixed costs of $30,000. Pinecrest's break-even point in sales dollars was a. $24,000 b. $30,000 c. $40,000 d. $120,000 Choice "c" is correc . . . Read more

MC-026

2008-07-01 23:48:28 | MC
In an interest rate swap the first company Answers A: Sells its right to low interest rate financing at a financial institution to the second company that is seeking to borrow funds. B: Agrees to se . . . Read more

MC-024

2008-07-01 23:36:59 | MC
In statistical analysis, a weighted-average using probabilities as weights is the Answers A: Standard deviation. B: Expected value. C: Coefficient of variation. D: Objective function. Answer . . . Read more

MC-023

2008-07-01 23:33:33 | MC
Which of the following characteristics represent an advantage of the internal rate of return technique over the accounting rate of return technique in evaluating a project? I. Recognition of the proj . . . Read more

MC-022

2008-07-01 23:23:14 | MC
How are the following used in the calculation of the net present value of a proposed project(excluded, included)? Ignore income tax considerations. Depreciation expense Salvage value . . . Read more

MC-021

2008-07-01 10:31:45 | MC
To estimate the Economic Value Added (EVA), one must deduct __________ from the after-tax EBIT. Interest expense The required return on capital sources The expected return on common The earnings per . . . Read more

MC-020

2008-07-01 10:29:51 | MC
C earned $1,000,000 in net income this past year, paid a preferred dividend of $200,000 and had 200,000 shares of common outstanding. The price of their stock is now selling for $20 per share. What is . . . Read more

MC-019

2008-07-01 10:27:50 | MC
A Corporation has a total debt to total assets ratio of 20%. What is their debt/equity ratio and equity multiplier ratio, respectively? If total debt is 20% of assets, that leaves equity fina . . . Read more

MC-018

2008-07-01 10:24:59 | MC
The quick ratio is a measure of the level of circulating current assets relative to current liabilities after deducting what most usually illiquid account from current assets? Cash Marketable securit . . . Read more