Essay on Fin370/Fin 370/Fin/370 Final Mcq's - Got 100% (Week 5)

1263 Words Aug 16th, 2012 6 Pages
Final Exam Fin 370
When complete, please submit your answers to your individual forum. DO NOT discuss this with any other person -- this is an individual final exam!!
For the true false answers only submit the question number and answer -- do not include the question in your answer sheet. For other questions/problems, please show all of your work for full credit. One Excel attachment is preferred -- do not send in more than one attached file.
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. (2 points total)
1. Profit maximization stresses the efficient use of timing and risks.
2. Financial assets are tangible assets such as houses, equipment, and inventories.
3. The sustainable rate of
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Burns Promotions Plus has a cost of revenue of $219,793 million for the fiscal year ended January 31, 2008. It had an inventory balance of $29,447 million at the end of this fiscal year. Based on this information what is the inventory turnover for the year 2007 (ending January 31, 2008).
a. 3.23 times
b. 4.56 times
c. 7.46 times inventory turnover=cost of goods sale/average inventory=219793/29447=7.46 d. 8.75 times

20. What is working capital?
a. An indicator whether the company will be able to meet its current obligations.
b. Tells you the relationship of current assets to current liabilities.
c. Indicates the relationship between amounts of assets that can be quickly be turned into cash versus the amount of current liability. d. It measures the return to the owners. 21. Euro was introduced because of the following EXCEPT?
a. It made it easier for goods, people, and services to travel across national borders.
b. It helped to eliminate cost differences for goods in different countries.
c. It made it easier to compare prices and eliminate discrepancies. d. The value of the Euro remains constant.
PROBLEMS. Provide back-up of your work on a separate worksheet so that credit can be assigned. You may provide either a Word document or an Excel spreadsheet.
(2.5 points each= 5 points total) |Amy's Widgets Balance Sheet | | | |

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