Question
Q1:
Gateway, Corp. has an inventory turnover of 5.6. What is the firms dayss
sales in inventory?
64.3
65.2
57.9
61.7
Q2:
Which of the following is an advantage of corporations relative to partnerships
and sole proprietorships?
reduced
legal liability for investors
most
common form of organization
lower
taxes
harder
to transfer ownership
Q3:
Ajax Corp. is expecting the following cash flows – $79,000, $112,000, $164,000,
$84,000, and $242,000 over the next five years. If the companys opportunity
cost is 15 percent, what is the present value of these cash flows? (Round to
the nearest dollar.)
$414,322
$477,235
$480,906
$429,560
Q4:
Serox stock was selling for $20 two years ago. The stock sold for $25 one year
ago, and it is currently selling for $28. Serox pays a $1.10 dividend per year.
What was the rate of return for owning Serox in the most recent year? (Round to
the nearest percent.)
12%
32%
16%
40%
Q5:
An unrealistic budget is more likely to result when it:
has
been developed in a bottom up fashion.
has
been developed in a top down fashion.
is
developed with performance appraisal usages in mind.
has
been developed by all levels of management.
Q6:
Horizontal analysis is a technique for evaluating a series of financial
statement data over a period of time:
to
determine the amount and/or percentage increase or decrease that has taken
place.
to
determine which items are in error.
that
has been arranged from the highest number to the lowest number.
that
has been arranged from the lowest number to the highest number.
Q7:
Jack Robbins is saving for a new car. He needs to have $21,000 for the car in
three years. How much will he have to invest today in an account paying 8
percent annually to achieve his target? (Round to nearest dollar)
$22,680
$16,670
$26,454
$19,444
Q8:
Internal reports that review the actual impact of decisions are prepared by:
department
heads
management
accountants
the
controller
factory
workers
Q9:
Turnbull Corp. had an EBIT of $247 million in the last fiscal year. Its
depreciation and amortization expenses amounted to $84 million. The firm has
135 million shares outstanding and a share price of $12.80. A competing firm
that is very similar to Turnbull has an enterprise value/EBITDA multiple of
5.40.
What
is the enterprise value of Turnbull Corp.? Round to the nearest million
dollars.
$1,315
million
$1,344
million
$1,787
million
$453.6
million
Q10:
Teakap, Inc. has current assets of $1,456,312 and total assets of $4,812,369
for the year ending September 30, 2006. It also has current liabilities of
$1,041,012, common equity of $1,500,000 and retained earnings of $1,468,347.
How much long-term debt does the firm have?
$2,123,612
$803,010
$1,844,022
$2,303,010
Q11:
The group of users of accounting information charged with achieving the goals
of the business is its:
auditors
managers
creditors
investors
Q12:
The major element in budgetary control is:
the
valuation of inventories
the
approval of the budget by the stockholders
the
preparation of long-term plans
the
comparison of actual results with planned objectives.
Q13:
Process costing is used when:
costs
are to be assigned to specific jobs.
dissimilar
products are involved
the
production process is continuous.
production
is aimed at fulfilling a specific customer order.
Q14:
The convention of consistency refers to consistent use of accounting
principles:
throughout
the accounting period
among
accounting periods
within
industries
among
firms
Q15:
Next year Jenkins Traders will pay a dividend of $3.00. It expects to increase
its dividend by $0.25 in each of the following three years. If their required
rate of return if 14 percent, what is the present value of their dividends over
the next four years?
$12.50
$13.50
$11.63
$9.72
Q16:
The most important information needed to determine if companies can pay their
current obligations is the:
relationship
between current assets and current liabilities
relationship
between short-term and long-term liabilities
projected
net income for next year
net
income for this year
Q17:
What decision criteria should managers use in selecting projects when there is not
enough capital to invest in all available positive NPV projects?
the
profitability index
the
internal rate of return
the
modified internal rate of return
the
discounted payback
Q18:
How firms estimate their cost of capital: The WACC for a firm is 13.00 percent.
You know that the firms cost of debt capital is 10 percent and the cost of
equity capital is 20% What proportion of the firm is financed with debt?
70%
33%
30%
50%
Q19:
Which of the following financial statements is concerned with the company at a
point in time?
income
statement
retained
earnings statement
statement
of cash flows
balance
sheet
Q20:
Firms that achieve higher growth rates without seeking external financing:
have
less equity and/or are able to generate high net income leading to a high ROE.
are
highly leveraged
Have
a low plowback ratio
None
of these
Q21:
M&M Proposition 1: Dynamo Corp. produces annual cash flows of $150 and is
expected to exist forever. The company is currently financed with 75 percent
equity and 25 percent debt. Your analysis tells you that the appropriate
discount rates are 10 percent for the cash flows, and 7 percent for the debt.
You currently own 10 percent of the stock.
If
Dynamo wishes to change its capital structure from 75 percent equity to 60
percent equity and use the debt proceeds to pay a special dividend to
shareholders, how much debt should they use?
$225
$321
$375
$600
Q22:
Your firm has an equity multiplier of 2.47. What is the debt-to-equity ratio?
1.47
0
0.60
1.74
Q23:
The process of evaluating financial data that change under alternative courses
of action is called:
contribution
margin analysis
double
entry analysis
cost-benefit
analysis
incremental
analysis
Q24:
Horizontal analysis is also known as:
trend
analysis
linear
analysis
vertical
analysis
common
size analysis
Q25:
The break-even point is where:
total
sales equal total variable costs.
contribution
margin equals total fixed costs.
total
sales equal total fixed costs.
total
variable costs equal total fixed costs.
Q26:
When a company assigns the costs of direct materials, direct labor, and both
variable and fixed manufacturing overhead to products, that company is using:
operations
costing
absorption
costing
product
costing
variable
costing
Q27:
External financing needed: Jockey Company has total assets worth $4,417,665. At
year-end it will have net income of $2,771,342 and pay out 60 percent as
dividends. If the firm wants no external financing, what is the growth rate it
can support?
27.3%
32.9%
25.1%
30.3%
Q28:
The accumulation of accounting data on the basis of the individual manager who
has the authority to make day-to-day decisions about activities in an area is
called:
flexible
accounting
master
budgeting
responsibility
accounting
static
reporting
Q29:
The cash conversion cycle?
estimates
how long it takes on average for the firm to collect its outstanding accounts
receivables balance.
begins
when the firm invests cash to purchase the raw materials that would be used to
produce the goods that the firm manufactures.
shows
how long the firm keeps its inventory before selling it.
begins
when the firm uses its cash to purchase raw materials and ends when the firm
collects cash payments on its credit sales.
Q30:
If a companys weighted average cost of capital is less than the required
return on equity, then the firm:
is
perceived to be safe
has
debt in its capital structure
is
financed with more than 50% debt
partnership
Q31:
Which of the following is considered a hybrid organizational form?
sole
proprietorship
limited
liability partnership
corporation
partnership
Q32:
A cost which remains constant per unit at various levels of activity is a:
manufacturing
cost
mixed
cost
fixed
cost
variable
cost
Q33:
Regatta, Inc., has six-year bonds outstanding that pay a 8.25 percent coupon
rate. Investors buying the bond today can expect to earn a yield to maturity of
6.875 percent. What should the companys bonds be priced at today? Assume
annual coupon payments. (Round to the nearest dollar.)
$1014
$972
$923
$1,066
Q34:
In a process cost system, product costs are summarized:
on
production cost reports.
on
job cost sheets.
when
the products are sold.
after
each unit is produced.
Q35:
Jayadev Athreya has started his first job. He will invest $5,000 at the end of
each year for the next 45 years in a fund that will earn a return of 10
percent. How much will Jayadev have at the end of 45 years?
$3,594,524
$2,667,904
$5,233,442
$1,745,600
Q36:
Variance reports are:
SEC
financial reports
external
financial reports
internal
reports for management
all
of these
Q37:
TuleTime Comics is considering a new show that will generate annual cash flows
of $100,000 into the infinite future. If the initial outlay for such a
production is $1,500,000 and the appropriate discount rate is 6 percent for the
cash flows, then what is the profitability index for the project?
0.90
1.90
1.11
0.11
Q38:
Which of the following presents a summary of changes in a firms balance sheet
from the beginning of an accounting period to the end of that accounting
period?
the
statement of net worth
the
statement of cash flows
the
statement of working capital
the
statement of retained earnings
Q39:
An activity that has a direct cause-effect relationship with the resources
consumed is a(n):
cost
pool
cost
driver
product
activity
overhead
rate

QuestionQ1:
Gateway, Corp. has an inventory turnover of 5.6. What is the firms dayss
sales in inventory?64.365.257.961.7Q2:
Which of the following is an advantage of corporations relative to partnerships
and sole proprietorships?reduced
legal liability for investorsmost
common form of organizationlower
taxesharder
to transfer ownershipQ3:
Ajax Corp. is expecting the following cash flows – $79,000, $112,000, $164,000,
$84,000, and $242,000 over the next five years. If the companys opportunity
cost is 15 percent, what is the present value of these cash flows? (Round to
the nearest dollar.)$414,322$477,235$480,906$429,560Q4:
Serox stock was selling for $20 two years ago. The stock sold for $25 one year
ago, and it is currently selling for $28. Serox pays a $1.10 dividend per year.
What was the rate of return for owning Serox in the most recent year? (Round to
the nearest percent.)12%32%16%40%Q5:
An unrealistic budget is more likely to result when it:has
been developed in a bottom up fashion.has
been developed in a top down fashion.is
developed with performance appraisal usages in mind.has
been developed by all levels of management.Q6:
Horizontal analysis is a technique for evaluating a series of financial
statement data over a period of time:to
determine the amount and/or percentage increase or decrease that has taken
place.to
determine which items are in error.that
has been arranged from the highest number to the lowest number.that
has been arranged from the lowest number to the highest number.Q7:
Jack Robbins is saving for a new car. He needs to have $21,000 for the car in
three years. How much will he have to invest today in an account paying 8
percent annually to achieve his target? (Round to nearest dollar)$22,680$16,670$26,454$19,444Q8:
Internal reports that review the actual impact of decisions are prepared by:department
headsmanagement
accountantsthe
controllerfactory
workersQ9:
Turnbull Corp. had an EBIT of $247 million in the last fiscal year. Its
depreciation and amortization expenses amounted to $84 million. The firm has
135 million shares outstanding and a share price of $12.80. A competing firm
that is very similar to Turnbull has an enterprise value/EBITDA multiple of
5.40.What
is the enterprise value of Turnbull Corp.? Round to the nearest million
dollars.$1,315
million$1,344
million$1,787
million$453.6
millionQ10:
Teakap, Inc. has current assets of $1,456,312 and total assets of $4,812,369
for the year ending September 30, 2006. It also has current liabilities of
$1,041,012, common equity of $1,500,000 and retained earnings of $1,468,347.
How much long-term debt does the firm have?$2,123,612$803,010$1,844,022$2,303,010Q11:
The group of users of accounting information charged with achieving the goals
of the business is its:auditorsmanagerscreditorsinvestorsQ12:
The major element in budgetary control is:the
valuation of inventoriesthe
approval of the budget by the stockholdersthe
preparation of long-term plansthe
comparison of actual results with planned objectives.Q13:
Process costing is used when:costs
are to be assigned to specific jobs.dissimilar
products are involvedthe
production process is continuous.production
is aimed at fulfilling a specific customer order.Q14:
The convention of consistency refers to consistent use of accounting
principles:throughout
the accounting periodamong
accounting periodswithin
industriesamong
firmsQ15:
Next year Jenkins Traders will pay a dividend of $3.00. It expects to increase
its dividend by $0.25 in each of the following three years. If their required
rate of return if 14 percent, what is the present value of their dividends over
the next four years?$12.50$13.50$11.63$9.72Q16:
The most important information needed to determine if companies can pay their
current obligations is the:relationship
between current assets and current liabilitiesrelationship
between short-term and long-term liabilitiesprojected
net income for next yearnet
income for this yearQ17:
What decision criteria should managers use in selecting projects when there is not
enough capital to invest in all available positive NPV projects?the
profitability indexthe
internal rate of returnthe
modified internal rate of returnthe
discounted paybackQ18:
How firms estimate their cost of capital: The WACC for a firm is 13.00 percent.
You know that the firms cost of debt capital is 10 percent and the cost of
equity capital is 20% What proportion of the firm is financed with debt?70%33%30%50%Q19:
Which of the following financial statements is concerned with the company at a
point in time?income
statementretained
earnings statementstatement
of cash flowsbalance
sheetQ20:
Firms that achieve higher growth rates without seeking external financing:have
less equity and/or are able to generate high net income leading to a high ROE.are
highly leveragedHave
a low plowback ratioNone
of theseQ21:
M&M Proposition 1: Dynamo Corp. produces annual cash flows of $150 and is
expected to exist forever. The company is currently financed with 75 percent
equity and 25 percent debt. Your analysis tells you that the appropriate
discount rates are 10 percent for the cash flows, and 7 percent for the debt.
You currently own 10 percent of the stock.If
Dynamo wishes to change its capital structure from 75 percent equity to 60
percent equity and use the debt proceeds to pay a special dividend to
shareholders, how much debt should they use?$225$321$375$600Q22:
Your firm has an equity multiplier of 2.47. What is the debt-to-equity ratio?1.4700.601.74Q23:
The process of evaluating financial data that change under alternative courses
of action is called:contribution
margin analysisdouble
entry analysiscost-benefit
analysisincremental
analysisQ24:
Horizontal analysis is also known as:trend
analysislinear
analysisvertical
analysiscommon
size analysisQ25:
The break-even point is where:total
sales equal total variable costs.contribution
margin equals total fixed costs.total
sales equal total fixed costs.total
variable costs equal total fixed costs.Q26:
When a company assigns the costs of direct materials, direct labor, and both
variable and fixed manufacturing overhead to products, that company is using:operations
costingabsorption
costingproduct
costingvariable
costingQ27:
External financing needed: Jockey Company has total assets worth $4,417,665. At
year-end it will have net income of $2,771,342 and pay out 60 percent as
dividends. If the firm wants no external financing, what is the growth rate it
can support?27.3%32.9%25.1%30.3%Q28:
The accumulation of accounting data on the basis of the individual manager who
has the authority to make day-to-day decisions about activities in an area is
called:flexible
accountingmaster
budgetingresponsibility
accountingstatic
reportingQ29:
The cash conversion cycle?estimates
how long it takes on average for the firm to collect its outstanding accounts
receivables balance.begins
when the firm invests cash to purchase the raw materials that would be used to
produce the goods that the firm manufactures.shows
how long the firm keeps its inventory before selling it.begins
when the firm uses its cash to purchase raw materials and ends when the firm
collects cash payments on its credit sales.Q30:
If a companys weighted average cost of capital is less than the required
return on equity, then the firm:is
perceived to be safehas
debt in its capital structureis
financed with more than 50% debtpartnershipQ31:
Which of the following is considered a hybrid organizational form?sole
proprietorshiplimited
liability partnershipcorporationpartnershipQ32:
A cost which remains constant per unit at various levels of activity is a:manufacturing
costmixed
costfixed
costvariable
costQ33:
Regatta, Inc., has six-year bonds outstanding that pay a 8.25 percent coupon
rate. Investors buying the bond today can expect to earn a yield to maturity of
6.875 percent. What should the companys bonds be priced at today? Assume
annual coupon payments. (Round to the nearest dollar.)$1014$972$923$1,066Q34:
In a process cost system, product costs are summarized:on
production cost reports.on
job cost sheets.when
the products are sold.after
each unit is produced.Q35:
Jayadev Athreya has started his first job. He will invest $5,000 at the end of
each year for the next 45 years in a fund that will earn a return of 10
percent. How much will Jayadev have at the end of 45 years?$3,594,524$2,667,904$5,233,442$1,745,600Q36:
Variance reports are:SEC
financial reportsexternal
financial reportsinternal
reports for managementall
of theseQ37:
TuleTime Comics is considering a new show that will generate annual cash flows
of $100,000 into the infinite future. If the initial outlay for such a
production is $1,500,000 and the appropriate discount rate is 6 percent for the
cash flows, then what is the profitability index for the project?0.901.901.110.11Q38:
Which of the following presents a summary of changes in a firms balance sheet
from the beginning of an accounting period to the end of that accounting
period?the
statement of net worththe
statement of cash flowsthe
statement of working capitalthe
statement of retained earningsQ39:
An activity that has a direct cause-effect relationship with the resources
consumed is a(n):cost
poolcost
driverproduct
activityoverhead

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Compare and contrast the management information systems (MIS) in place in 2 distinctly different organizations. Compare each organization’s use of information systems to help manage internal operations and to make decisions. Assess how these two organizations use information technology for competitive advantage. Appraise the individual and organizational consequences of the use of information technology, and recognize potential security breaches and computer crimes. Present your findings in a Word document of 5–6 body pages formatted in APA style.

Please submit your assignment.

Submitting your assignment in APA format means, at a minimum, you will need the following:

Title page: Remember the running head. The title should be in all capitals. Abstract: A summary of your paper, not an introduction. Begin writing in third-person voice. Body: The body of your paper begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The type face should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics except as required for APA-level headings and references. The deliverable length of the body of your paper for this assignment is 2–3 pages. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged. Reference page: References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hang indention, italics, and upper- and lowercase usage as appropriate for the type of resource used. Remember, the Reference Page is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.

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calculate the tax disadvantage to organization a U.S. business today after passage of the Jobs and Show more calculate the tax disadvantage to organization a U.S. business today after passage of the Jobs and Growth Tax Relief Reconciliation Act of 2003 as a corporation vs. a partnership under the following conditions. Assume that all earnings will be paid out as cash dividends. Operating income (operating profit before taxes) will be $500000 per year under either organizational form; the effective corporate profits tax rate is 35%( Tc=0.35); the averafe personal tax rate for the partners of the business is also 35% ( Tp=.35); and capital gains tax rate on dividend income is 15% (Tcg= .15). Then recalculate the tax disadvantage using the same income but with the maximum tax rates that existed before 2003. These rates were 35% (Tcg=.15) on corporate profits and 38.6 % (Tp=.386) on personal investment income. Show less

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Employees in the health care system manage a wide variety of health issues and diseases. This course has provided you the opportunity to take a broad look at many of these health issues. The next step is for you to look at how disease trends will influence the delivery of health care in the future.

Write a 1,750- to 2,450-word paper explaining how demographics and disease trends are likely to influence health care delivery services in the future. Include the following sections:

Aging Describe the current age composition of the U.S. population and how it is expected to change in the next 10 to 20 years. Identify the environmental factors that support the aging trend. Identify the changing demographics that support the aging trend. Explain how the aging trend is likely to increase or decrease the health issues covered in this course and include examples of at least two relevant diseases. Explain what can be done to reduce health complications related to aging and include at least two examples. Obesity Describe the current rate of obesity in the United States and how it is expected to change in the next 10 to 20 years. Identify the environmental factors that support the obesity trend. Identify the changing demographics that support the obesity trend. Explain how this obesity trend is likely to increase or decrease the health issues covered in this course and include examples of at least two relevant diseases. Explain what can be done to reduce health complications related to obesity and include at least two examples. The Future Explain how health care delivery will adapt in the future to provide care for age-related health issues. Explain how health care delivery will adapt in the future to provide care for obesity-related health issues. Include at least four sources other than Human Diseases: A Systemic Approach.

Format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

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