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FIN 309 Test Banks Questions and Complete Solutions Graded A+.
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FIN 309 Test Banks Questions and Complete Solutions Graded A+.
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FIN 309 Test BanksQuestions and
Complete Solutions
Graded A+
Denning [Date] [Course title]
,Which one of these is a correct definition?
A.
Net working capital equals current assets plus current liabilities.
B.
Current liabilities are debts that must be repaid in 18 months or less.
C.
Current assets are assets with short lives, such as inventory.
D.
Long-term debt is defined as a residual claim on a firm's assets.
E.
Tangible assets are fixed assets such as patents. - Answer: C.
Current assets are assets with short lives, such as inventory.
The corporate controller is generally responsible for which one of these functions?
A.
capital expenditures
B.
cash management
C.
tax reporting
,D.
financial planning
E.
credit management - Answer: C.
tax reporting
The corporate treasurer oversees which one of these areas?
A.
financial planning
B.
cost accounting
C.
tax reporting
D.
information systems
E.
financial accounting - Answer: A.
financial planning
A firm's capital structure refers to the firm's:
A.
mixture of various types of production equipment.
, B.
investment selections for its excess cash reserves.
C.
combination of cash and cash equivalents.
D.
combination of accounts appearing on the left side of its balance sheet.
E.
proportions of financing from current and long-term debt and equity. - Answer: E.
proportions of financing from current and long-term debt and equity
Short-term finance deals with:
A.
the timing of cash flows.
B.
acquiring and selling fixed assets.
C.
financing long-term projects.
D.
capital budgeting.
E.
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