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Financial Management - Part 2
1
of
25
💡
Hints:
3
Q1. What is considered to be "retirement" age, when it is acceptable to begin tak ing IRA distributions without penalty?
A. 50
B. 59 1/2
C. 65
D. 70.5
Q2. You buy a copy of your favorite movie Nfor $23.45. You give the clerk $25. How much change will you receive?
A. $1.50
B. $1.55
C. .95
D. $1.56
Q3. What does a person’s will list?
A. Financial goals
B. Types of insurance they have
C. Retirement plans
D. Financial plan upon death
Q4. Financial claims to all assets
A. owner’s equity
B. assets
C. liabilities
D. equity
Q5. EBIT refers to:
A. Earning Before Interest and Tax
B. Earning Before Income and Tax
C. Earning Before Investment and Tax
D. Earning Before Installment and Tax
Q6. Whichofthefollowingisnotaservice provided by financial institutions?
A. Buying the business of customers
B. Investing customers’ savings in stock and bonds
C. Paying savers’ interest on de posited funds
D. Lending money to customers
Q7. A(n) ___ is a predication of future sales based on past sales
A. sales forecast
B. income statement
C. balance sheet
D. source document
Q8. Ke = D/MP x 100, is used for
A. Reserve
B. Calculating capital structure
C. Depreciation
D. calculating Cost of Equity Share Capital
Q9. Using the chart above, determine which bank has the highest interest charged on their personal loans.
×
A. Bank of US
B. Pay Day Loans
C. Federal Credit Union
Q10. This is how much a person earns for every hour worked
A. net pay
B. gross pay
C. hourly pay
D. allowance
Q11. The percentage deducted from an in- dividual’s paycheck to assist in fund- ing government agencies within the state.
A. Federal Withholding Tax
B. Debits
C. State Withholding Tax
D. Interest
Q12. All banks are the same, so you can choose any bank without checking rates.
A. Thumbs up
B. Thumbs down
Q13. The meaning of capital structure re- lates to the percentage of ___ sources.
A. Long-term
B. Medium term
C. Short-term
D. Current
Q14. Using a credit card is similar to a loan.
A. True
B. False
Q15. All of the following are ways to help minimize depreciation except
A. it doesn’t matter what you do you cannot slow depreciation
B. buy cars that have manufacturer’s warranties that are still valid
C. keep the car maintenance up to date
D. buy slightly used cars about 1-3 years old
Q16. What is the value of a dime?
A. $.05
B. $.10
C. $0.25
Q17. If the nominal rate of interest is 10% perannumandthereisquarterlycom- pounding, the effective rate of interest will be:
A. 10% per annum
B. 10.10 per annum
C. 10.25%per annum
D. 10.38% per annum
Q18. Demand for foreign exchange in America is increased by all of the fol lowing except
A. an increase in demand by Ameri cans for imported commodities.
B. an increase in American exports.
C. anincrease in the number of Amer icans traveling abroad
D. an increase in the desire of Ameri cans to invest abroad
Q19. Financial planning arrives at
A. Minimising the external borrowing by restoring to equity issues.
B. Entering that the firm always have significantly more funds than required so that there is no paucity of funds.
C. Ensuring that the firm paces nei ther a shortage nor a gluten of unus able funds.
D. Doing only what is possible with the funds that the firms has at its dis posal.
Q20. Nancy’s 50-meter freestyle swim time was 28.004 seconds. Betty’s 50-meter n freestyle swim time was 27.949 sec- onds. What was the difference be- a tweenNancy’sandBetty’sswimtimes?
A. 0.088 second
B. 0.055 second
C. 0.099 second
D. 0.801 second
Q21. Kaitlyn’s company needs to obtain funds in order to keep the business going; however, she does not want stockholders influencing the direction of her company. What type of financ- ing should Kaitlyn acquire?
A. Equity capital
B. Combination of debt and equity capital
C. Angel investor
D. Debt capital
Q22. Three components of the statement of cash flows are:
A. Cash flow from financing activities
B. Cash flow from administrative ac tivities
C. Cash flow from operating activities
D. Cash flow from investing activities
Q23. One of the Partnership’s weaknesses is Unlimited Liability.
A. TRUE
B. flase
Q24. Each of the four sides of a swimming pool measures 12 meters. The pool is 6 meters deep. How much water will be needed to fill it completely? Use your calculator to calculate using exponents.
A. 144 cubic meters
B. 864 cubic meters
C. 72 cubic meters
Q25. Which situation shows a financially responsible citizen?
A. Purchasing an expensive automobile you CANNOT afford.
B. Only buying items that you CAN afford
C. Throwing money out the window.
D. Hiding your money under your mattress.
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