FIN 3101 Exam 1 Keen Verified Answers
Before going on a diet, Joe weighed 220 lbs. He now weighs 195 lbs. His weight has changed by
_______%. -11.36%
Your scores on Exam #1 and Exam #2 were 82 and 88, respectively. Your score improved by _____%.
7.32%
Convert (a) 194.17% to a decimal; and...
FIN 3101 Exam 1 Keen Verified Answers
Before going on a diet, Joe weighed 220 lbs. He now weighs 195 lbs. His weight has changed by
_______%.
-11.36%
Your scores on Exam #1 and Exam #2 were 82 and 88, respectively. Your score improved by _____%.
7.32%
Convert (a) 194.17% to a decimal; and (b) .4389 to a percent.
1.9417; 43.89%
Solve for the following: (a) 18 ÷ 23 + (6 - 2) + 3 = _______;
and (b) 10 + 1/2 ÷ 1/6 + 7 = _______.
7.78; 20
Solve for X: 7 - (- 5) - 8 = -6 - (- 9) + 9 - 2X.
4
A fraction changes from 3/4 to 4/10. The numerator changed by _____%; the denominator changed by
_____%; the value of the fraction changed by approximately _____%.
33%; 150%; -117%
Assume a Normal distribution with an average return of 7% and a standard deviation of 2%. What is the
probability of an actual return of (a) more than 11%; and (b) less than 5%?
2.5%; 16%
The process of planning, evaluating, selecting, and managing the financing of long−term operating
projects of the company is termed ________.
capital budgeting
True or False: According to the Order of Operations, exponents are applied before the expression in
parentheses, and addition and subtraction are to be completed before multiplication and division.
False
True or False: A simple percent change represents a change as part of the old or earlier value.
True
True or False: To change a decimal value to a percent, divide by 100.
False
, True or False: In a Normal Distribution, there is a 68% chance that an actual return will exceed the
average return plus one standard deviation
False
True or False: For a given mean, a larger standard deviation means that actual returns that are far from
the mean are less likely to occur.
False
True or False: If the top of a fraction is unchanged and the bottom of a fraction decreases by 5%, then
the value of the whole fraction would increase by approximately 5%
True
True or False: The capital budgeting area deals with how the firm should be financed.
False
True or False: The working capital management area deals with how much of a firm's assets should be
held in cash, inventory and accounts receivable.
True
True or False: The goal of the corporate financial manager is to maximize the firm’s market share.
False
That a company chooses a new product to introduce into the market is a ______________________
decision, that a company chooses to sell a bond to finance the new product is a __________________
decision, and that a company sets production and inventory levels on the new product is a
____________________ decision.
capital budgeting:capital structure :working capital management
The __________________ is the sale of "used" stock in that the current owner sells it to a new owner
and the proceeds go to the current owner, not the company, while the _______________________ is
the market where the initial sale of common stock is made by a company and the proceeds of the sale
go to the company for the newly
secondary market: primary market
That a company chooses a new product to introduce into the market is a _____________________
decision, that a company chooses to sell a bond to finance the new product is a _______________
decision, and that a company sets production and inventory levels on the new product is a
_________________ decision.
capital budgeting: capital structure: working capital management
The primary goal of the financial manager is to:
maximize the current share price or equity value of the firm.
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