Exam (elaborations)
FIN 342 FINAL EXAM WITH ALL CORRECT ANSWERS 2024|2025
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FIN 342 FINAL EXAM WITH ALL CORRECT ANSWERS 2024|2025
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FIN 342 FINAL EXAM WITH ALLCORRECT ANSWERS 2024|2025
Smart financial managers know that good financing decisions create as much value for
the firm as good investment decisions CORRECT ANSWERS false
competition between investors means that companies can generally sell their securities
for more than they are worth CORRECT ANSWERS false
Net stock issues by US nonfinancial corporations are, in most years, small but positive
CORRECT ANSWERS false
most capital investment by US corporations is funded by retained earnings and
reinvested depreciation CORRECT ANSWERS true
debt ratios in the US have generally increased over the past 20 years CORRECT
ANSWERS false
By far, the largest source of cash for most companies comes from CORRECT
ANSWERS internally generated cash
the gap between internally generated cash and the cash that companies need is called
the CORRECT ANSWERS financial deficit
On average, equity issues have been CORRECT ANSWERS higher
Companies have used the cash from ________ and retained earnings to buy back their
stock CORRECT ANSWERS debt issues
Book debt ratios are ______ than market value ratios CORRECT ANSWERS higher
The price at which each share is recorded in the company's books CORRECT
ANSWERS par value
Held by investors CORRECT ANSWERS issued and outstanding
Cumulative amount of profits that have been plowed back CORRECT ANSWERS
retained earnings
The difference between the amount of cash raised by an equity issue and the par value
of the issue CORRECT ANSWERS additional paid-in capital
the maximum number of shares that can be issued without shareholder approval
CORRECT ANSWERS authorized share capital
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