Professional Documents
Culture Documents
Chap 1-5
Chap 1-5
the book value of the firm's assets less the book value of its liabilities.
The controller's responsibilities are primarily ________ in nature, while the 1/1
treasurer's responsibilities are primarily related to __________. *
1245781
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6/16/2021 Q1
Interest Rate
Credit
Deposit
Cost
shareholder; manager
manager; owner
accountant; bondholder
shareholder; bondholder
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6/16/2021 Q1
Debenture
Shares
Inflations
Bonds
how much profit earned is distributed to shareholders and how much to be retained
in the business
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6/16/2021 Q1
board of directors
accountants
The decision function of financial management can be broken down into 1/1
the ________ decisions. *
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6/16/2021 Q1
Stocks
Divided
Retained Earnings
Dividend
Equity
Capital
Income statement
Property
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6/16/2021 Q1
Financing decision
Investment decision
Dividend decision
Forms
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6/17/2021 Quiz 2
0 of 0 points
45321
The financial manager places primary emphasis on cash flows, the inflow 1/1
and outflow of cash *
True
False
The financial manager must look beyond financial statements to obtain 1/1
insight into developing or existing problems since the accrual accounting
data do not fully describe the circumstance of a firm. *
True
False
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6/17/2021 Quiz 2
True
False
The primary reason the annual report is important in finance is that it is 1/1
used by investors when they form expectations about the firm's future
earnings and dividends, and the riskiness of those cash flows. *
True
False
True
False
Correct answer
False
Feedback
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6/17/2021 Quiz 2
accrued earnings
cash flow
organization charts
profit incentives
regulatory risk
conflict of interests
agency problem
business problem
self-interest probelms
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6/17/2021 Quiz 2
When we talk about the capital structure, this refers to: * 1/1
the budgeting
Other:
__________ in an organization are the individuals and groups who depend 1/1
on the firm in order to achieve their personal goals and on whom the firm
depends on their existence. *
Stockholders
Stakeholders
Board of Directors
Consumers
Milton Friedman
Edward Freeman
Adam Smith
Milton Freeman
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6/17/2021 Quiz 2
Which theory states that the shareholders can assure themselves that 1/1
managers will make optimal decisions only if appropriate incentives are
given and only if the managers are monitored? *
Agency theory
Stakeholder theory
Legitimacy theory
Over time, corporate governance codes started being impacted by: * 1/1
Agency theory
Institutional theory
Stakeholder theory
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6/17/2021 Quiz 2
Correct answer
Which of the following would most likely not be a financing decision? * 0/1
Correct answer
Feedback
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6/17/2021 Quiz 2
shareholder value
profit
asset turnover
sales volume
stockholders provide the risk capital that protects the welfare of other constituents
a high stock price provides the best defense against a hostile takeover
enhanced shareholder value makes it easier for the company to attract additional
equity capital
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6/17/2021 Quiz 2
The __________ has/ have the ultimate responsibility in guiding corporate 1/1
affairs and carrying out policies. *
board of directors
stockholders
creditors
The responsibility for managing day-to-day operations and carrying out 1/1
corporate policies belongs to the ________. *
board of directors
stockholders
creditors
the directors acting to ensure the best interest of the shareholders are being met;
the directors existing to provide companies with the access to resources that they
could not gain through market or management links.
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6/17/2021 Quiz 2
Option 1
Forms
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6/21/2021 Quiz 3
0 of 0 points
92863549
Quiz 3 21 of 25 points
Taking decision in such a way which optimizes the balance between risk and
return.A
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6/21/2021 Quiz 3
Asset management
Investement management
Financial management
Correct answer
Board of Directors.
The __________ decision involves efficiently managing the assets on the 1/1
balance sheet on a day-to-day basis, especially current assets. *
Asset Management
Financing
Investment
Accounting
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6/21/2021 Quiz 3
All constituencies with a stake in the fortunes of the company are known 1/1
as __________. *
Stockholders
Stakeholders
Creditors
Customers
Financial Management
Strategic Planning
Investment decisions
Profit maximization
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6/21/2021 Quiz 3
Which of the following statements about financial planning and control is 1/1
not true? *
the foreign exchange market plays a key role in MNC financial planning and control
The role of the financial manager has expanded in recent years to include 1/1
___. *
corporate strategy
subsidiary performance
multiple environments
regulatory risks
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6/21/2021 Quiz 3
Which is NOT TRUE about the needs for corporate governance? * 1/1
To avoid mismanagement
Shareholders
Board of Directors
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6/21/2021 Quiz 3
A system of law and sound approaches by which corporations are directed and
controlled focusing on the internal and external corporate structures with the
intention of monitoring the actions of management and directors and thereby
mitigating agency risks which may stem from the misdeeds of corporate officers
A part of regulatory and market mechanisms, the roles and relationships between a
company’s management, its board directors, its shareholders and other
stakeholders, and the goals for which the corporation is governed
"A good corporate citizen is increasingly seen as one that is non- 1/1
discriminatory, non-exploitative and responsible with regard to
environmental and human rights issues." Above statement refers to the
element of corporate governance *
Accountability
Transparency
Regulatory framework
Integrity
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6/21/2021 Quiz 3
Financial reports
Audits
Correct answer
Audits
All of the following are characteristics of effective reward and incentive 1/1
systems, except: *
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6/21/2021 Quiz 3
Business finance
Allocation of resources
Financing
Cash inflow
Correct answer
Business finance
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6/21/2021 Quiz 3
normal cost
least cost
operating cost
indirect cost
The finance manager is the overall administrator of the firms _________. * 1/1
Assets
Resources
Funds
Money
Short-term funds
Long-term funds
Operating capital
initial capital
Correct answer
Short-term funds
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6/21/2021 Quiz 3
A co-worker, Stacy, also runs a small business in her home. Several times 1/1
a month she collects paper clips, post-it-notes, and other office supplies
from the office to take to her home business. What action that Stacy
could take represents an ethical decision?
Take the office supplies home only if there are plenty of supplies at work
Rules based on moral principles about how businesses and employees 1/1
ought to conduct themselves. *
Guidelines
Employee Handbook
Laws
Business Ethics
Obligation
Conflict of Interest
Problem Solving
Rule Enforcement
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6/21/2021 Quiz 3
accounting
audit
budget
income statement
Forms
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6/25/2021 Quiz 4
partners are only liable for the business' debt up to the amount of their investment
Correct answer
owners have direct and immediate control over daily management of the business.
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6/25/2021 Quiz 4
easy to start up
the owner can keep the profits of successful management without having to share
them with other owners.
Disadvantages for this type of business include: owner pays for 1/1
everything, hard to get money to start from the bank, owner might lack
skills & unlimited liability. *
Partnership
Sole Proprietorship
Corporation
Franchise
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6/25/2021 Quiz 4
Sole Propriotorship
Franchise
Partnership
Corporation
Limited liability
High Taxes
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6/25/2021 Quiz 4
Sole Proprietorship
Partnership
Franchise
Corporation
Bob and Tom own a restaurant together. They share equal responsibility 1/1
and each receive 50% of the profits. What kind of business organization
is this? *
Sole Proprietorship
Cooperative
General Partnership
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6/25/2021 Quiz 4
Correct answer
Dan has P5,000,000. He wants to invest his money in the type of 1/1
business that has the least amount of liability. In which type of business
should he invest? *
corporation
partnership
proprietorship
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6/25/2021 Quiz 4
To raise money.
Forms
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6/25/2021 Quiz 5
The three major activities found in the Cash Flow Statement are the 1/1
following, except *
Operating
Capitalizing
Investing
Financing
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6/25/2021 Quiz 5
Auditor’s report.
Balance sheet.
Income statement.
Which financial statement shows the assets, liabilities and stockholders’ 1/1
equity of the firm on a particular date? *
Earnings statement.
Balance sheet.
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6/25/2021 Quiz 5
Income statement
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6/25/2021 Quiz 5
Borrowing.
Sales of stock.
Sales of services.
Repurchase of stock.
Borrowing.
Sales of products.
Which of the following is not a condition that must be met for an item to 1/1
be recorded as revenue? *
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6/25/2021 Quiz 5
How are revenues and expenses recognized under the accrual basis of 1/1
accounting? *
Revenues are recognized when cash is received and expenses are recognized when
cash is paid.
Revenues and expenses are recognized equally over a twelve month period.
Revenues are recognized in the accounting period when the sale is made and
expenses are recognized in the period in which they relate to the sale of the
product
The statement of financial position is useful for al; of the following, 1/1
EXCEPT *
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6/25/2021 Quiz 5
The statement of financial position is useful for analyzing all of the 1/1
following, EXCEPT *
Liquidity
Solvency
Profitability
Comprehensibility to users.
Consistency
Cost-benefit
Reliabilty
Representational faithfulness
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6/25/2021 Quiz 5
Relevance
Reliability
Timeliness
Cost-benefit
Correct answer
Timeliness
Wealth
Change of wealth
Capital maintenance
Cash flow
Correct answer
Change of wealth
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6/25/2021 Quiz 5
Information about the financial effects of cash receipts and cash payments is
generally considered the best indicator of ability to generate favarobale cash flows.
Over the long-run, trends in revenue and expeneses are generally more
meaningful than trends in cash receipts and cash disbursements
All of the choices are correct regarding " assessing of cash flow prospects.'
Forms
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6/23/2021 SW 2 - ACCA110
Arrange the following income statement items so they are in the proper order of
an income statement.
Answer: *
Sales
Gross profit
Depreciation expense
Operating profit
Interest expense
Taxes
Shares outstanding
Forms
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6/26/2021 SW 3 - ACCA110
Indicate whether each of the following items "INCREASES" or "DECREASES" Cash Flow
DECREASES
INCREASES
INCREASES
DECREASES
DECREASES
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6/26/2021 SW 3 - ACCA110
INCREASES
DECREASES
DECREASES
INCREASES
INCREASES
Forms
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6/26/2021 SW 4 - ACCA110
For each item, FIRST check the box to which statement the account belongs to: IS - Income
Statement or BS - Balance Sheet. THEN, If it is under Balance sheet, categorize further
whether it belongs to the following items by checking the appropriate box:
CA - Current Assets
FA - Fixed Assets
CL - Current Liabilities
LL - Long-term Liabilities
Therefore, there will be items with ONE answer only, and items with TWO answers.
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6/26/2021 SW 4 - ACCA110
IS BS CA FA CL LL SHE Score
Retained
2/2
Earnings
Income tax
0/0
expense
Accounts
2/2
Receivable
Common
2/2
Stock
Capital in
excess of par 2/2
value
Bonds
2/2
payable
Selling and
administrative 2/2
expense
Inventories 2/2
Accrued
2/2
expenses
Cash 2/2
Plant and
0/2
equipment
Sales 1/1
https://docs.google.com/forms/d/e/1FAIpQLSfu6ikrl-K6pUnBvuKiPB3sauZ3Gq29lfbGjBoBZseLDjv6ag/viewscore?viewscore=AE0zAgCKpXeHuq_ghI… 2/3
6/26/2021 SW 4 - ACCA110
Operating 1/1
expenses
Marketable
2/2
securities
Accounts
2/2
payable
Interest
1/1
expense
Income tax
0/2
payable
Unearned
2/2
Revenue
Correct answers
IS BS CA FA CL LL SHE
Plant and
equipment
Income tax
payable
Forms
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6/23/2021 SW (12 PTS)
NONCURRENT
CURRENT
CURRENT
NONCURRENT
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6/23/2021 SW (12 PTS)
Inventory * 1/1
CURRENT
NONCURRENT
NONCURRENT
CURRENT
CURRENT
NONCURRENT
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6/23/2021 SW (12 PTS)
NONCURRENT
CURRENT
Forms
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