Question (TCO 1) Which one of the following actions best matches the primary goal of financial manage

(TCO 1) Which one of the following actions best matches the primary goal of financial management?

increasing the net working capital while lowering the long-term asset requirements

improving the operating efficiency, thereby increasing the market value of the stock

increasing the firm’s market share

reducing fixed costs and increasing variable costs

increasing the liquidity of the firm by transferring short-term debt into long-term debt

Question 2. Question : (TCO 1) When analyzing alternative capital structures for a firm, a financial manager must consider which of the following?

type of loan

amount of funds needed

cost of funds

mix of debt and equity

all of the above

Question 3. Question : (TCO 1) Market value is important to the financial manager because:

It reflects the value of the asset, based on generally-accepted accounting principles.

Is a crucial component of the balance sheet, and can impact the financial statements.

Market value reflects the amount someone is willing to pay today for an asset.

The market value of an asset reflects its historical cost.

None of the above

Question 4. Question : (TCO 1) Which of the following is true regarding income statements?

It shows the revenue and expenses, based upon selected accounting methods.

It reveals the net cash flows of a firm over a stated period of time.

It reflects the financial position of a firm as of a particular date.

It records revenue only when cash is received for the product or service provided.

It records expenses based on the recognition principle.

Question 5. Question : (TCO1) Telemarket Inc. has sales of $625,000. They paid $43,000 in interest during the year and depreciation was $79,000. Administrative costs were $100,000 and other costs were $160,000. Assuming a tax rate of 35 percent, what is Telemarket’s taxes figure?

$100,100

$85,050

$112,700

$72,900

Question 6. Question : (TCO 1) Home Best Hardware had $315,000 in taxable income last year. Using the tax rates provided in Table 2.3, what are the company’s income taxes?

$122,850

$106,100

$94,500

None of the above

Question 7. Question : (TCO 1) Pizza A had earnings after taxes of $600,000 in the year 2008, and 300,000 shares outstanding. In year 2009, earnings after taxes increased to $750,000, and 25,000 new shares were issued for a total of 325,000 shares. What is the EPS figure for 2008?

$2.0

$2.21

$0.50

$0.47

Question 8. Question : (TCO 1) The financial statement that summarizes a firm’s operations over a period of time is called a(n):

income statement.

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