Business Time Value of Money and Income Statement

Financial Management Mock Midterm Name___________________________________ 1) Which of the following organization forms accounts for the greatest number of firms? A) Limited Partnership B) S Corporation C) C Corporation D) Sole Proprietorship Section: 1.1 The Four Types of Firms 2) The person charged with running the corporation by instituting the rules and policies set by the board of directors is called A) the Company President. B) the Chief Operating Officer. C) the Chief Executive Officer. D) the Chief Financial Officer. Section: 1.2 Ownership Versus Control of Corporations 3) You overhear your manager saying that she plans to book an Ocean-view room on her upcoming trip to Miami for a meeting. You know that the†¦show more content†¦Section: 2.5 Income Statement Analysis 12) If Luther s accounts receivable were $55.5 million in 2009, then calculate Luther s accounts receivable days for 2009. Section: 2.5 Income Statement Analysis Use the information for the question(s) below. In November 2009, Perrigo Co. (PRGO) had a share price of $39.20. They had 91.33 million shares outstanding, a market-to-book ratio of 3.76. In addition, PRGO had $845.01 million in outstanding debt, $163.82 million in net income, and cash of $257.09 million. 13) Calculate Perrigo s return on equity (ROE). Section: 2.5 Income Statement Analysis 14) If Alex Corporation takes out a bank loan to purchase a machine used in production and everything else stays the same, its equity multiplier will ________, and its ROE will ________. A) increase; decrease B) decrease; increase C) increase; increase D) decrease; decrease Section: 2.5 Income Statement Analysis 15) Which of the following is not a section on the cash flow statement? A) Financing activities B) Investing activities C) Operating activities D) Income generating activities Section: 2.6 The Statement of Cash Flows 16) In addition to the balance sheet, income statement, and the statement of cash flows, a firm s complete financial statements will include all of the following except: A) Notes to the financial statements B) Securities and Exchange Commission s (SEC)Show MoreRelatedFinance : How Cash Is Overseen And The Real Procedure Of Procuring Required Trusts Essay1248 Words   |  5 Pageshow cash is overseen and the real procedure of procuring required trusts. Since people, organizations and government substances all need financing to working; the field is frequently divided into three sub-classifications: individual fund, corporate money, and open account. Each of the three classifications are concerned with exercises, for example, seeking after stable speculations, acquiring ease credit, assigning stores for liabilities, and managing an account. 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