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MBA Business Finance Practice Exam 1 Questions & Answers 2024/2025
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MBA Business Finance Practice Exam 1 Questions & Answers 2024/2025
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MBA Business Finance Practice Exam 1Questions & Answers 2024/2025
This asset can be quickly converted into cash without significant loss in value - ANSWERSLiquid Asset
Annuities where the payments occur at the end of each time period are called what? -
ANSWERSOrdinary Annuities
Annuities where the payments occur at the beginning of each time period are called what? -
ANSWERSAnnuities Due
An increase in which of the following accounts increases a firm's current ratio without affecting its quick
ratio?
-accounts payable
-cash
-inventory
-accounts receivable
-fixed assets - ANSWERSInventory, inventory is included in the current ratio but taken out of current
assets in the quick ratio
A coupon bond that is selling at a premium must have a YTM that is __________ the coupon rate -
ANSWERSless than
All of the following are a use of cash except....
- repayment of debt owed to the bank
- increase in accounts payable
- purchase of a new warehouse
- repurchase of shares of stock
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