solution manual for corporate finance 13th stephen
corporate finance 13th edition
Connected book
Book Title:
Author(s):
Edition:
ISBN:
Edition:
More summaries for
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Westerfield, Verified Chapters 1 - 31, Complete Newest Version
Test Bank for Corporate Finance 13th Edition By Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
Test Bank for Corporate Finance 13th Edition by Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
All for this textbook (45)
Written for
Corporate Finance
All documents for this subject (595)
Seller
Follow
ASolution
Reviews received
Content preview
Corporate Finance 13th Stephen Ross, Randolph Westerfield
TEST BANK FOR
Corporate Finance 13th Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
Chapter 1
MULTIPLE CHOICE - Choose the one alternative that best completes the statement or
answers the question.
1) Generally, among those who report directly to the are the treasurer and the
controller of a corporation.
A) board of directors
B) chairperson of the board
C) chief executive officer
D) president
E) chief financial officer
2) A typical chain of command in a corporation is described by which one of the following
statements?
A) The information systems manager reports to the treasurer.
B) The credit manager reports to the treasurer.
C) The controller reports to the chief executive officer.
D) The tax manager reports to the treasurer.
Test Bank A+ Page 1
, Corporate Finance 13th Stephen Ross, Randolph Westerfield
E) The capital expenditures manager reports to the controller.
3) Answering which one of the following questions involves making a capital budgeting
decision?
A) How much debt should the firm borrow from a particular lender?
B) Should the firm build a new production facility?
C) Should the firm issue new equity to pay for its growth goals?
D) How much inventory should the firm keep on hand?
E) How much credit should the firm extend to a particular customer?
4) Which one of the following statements is accurate?
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 accounts receivable.
D) Long-term debt is defined as a residual claim on a firm’s assets.
E) Tangible assets are fixed assets such as patents.
5) Among the typical responsibilities of the corporate controller is:
A) capital expenditures management.
B) cash management.
Test Bank A+ Page 2
, Corporate Finance 13th Stephen Ross, Randolph Westerfield
C) tax reporting.
D) financial planning.
E) credit management.
6) is typically the responsibility of the corporate treasurer.
A) Financial planning
B) Cost accounting
C) Tax reporting
D) Information systems
E) Financial accounting
7) A firm’s define(s) its capital structure.
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 debt and equity
8) The focus of short-term finance is on:
A) the timing of cash flows.
Test Bank A+ Page 3
, Corporate Finance 13th Stephen Ross, Randolph Westerfield
B) acquiring and selling fixed assets.
C) financing long-term projects.
D) capital budgeting.
E) issuing additional shares of common stock.
9) Net working capital includes:
A) copyrights.
B) manufacturing equipment.
C) common stock.
D) long-term debt.
E) inventory.
10) is defined as planning and managing a firm’s long-term assets.
A) Working capital management
B) Cash management
C) Cost accounting management
D) Capital budgeting
E) Capital structure management
11) An amount the firms owes, which it must repay within twelve months, is called a(n):
Test Bank A+ Page 4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ASolution. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
