1) If Maxwell Corporation has $900,000 in assets and $700,000 in stockholders equity, the liabilities must amount to _________.

2)

If a firm dissolves or files bankruptcy, which one of the following lists the correct order of claims against the firms assets?

Group of answer choices

E. Preferred stockholders, bondholders, common stockholders

B. Debt-holders, common stockholders, preferred stockholders

A. Common stockholders, preferred stockholders, debt-holders

D. Debt-holders, preferred stockholders, common stockholders

C. Preferred stockholders, common stockholders, debt-holders

3)

Two real estate firms are planning a merger and have hired Martha Stewart to redecorate the new corporate offices. Over lunch, Mrs. Stewart mentions the merger to her friend who subsequently purchases stock in one of the companies. This is an example of _____.

Group of answer choices

B. Merger trading

E. Insider trading

D. Corporate networking

C. Program trading

A. Gossiping old ladies

4)

Which one of the following is divided into the current assets of a company in order to determine the current ratio of the company?

Group of answer choices

B. Net sales

5)

The management team at Colby Inc. meets each November to set goals and determine the best game plan or strategy to achieve goals for the coming year in productivity, sales, profits and quality. Which one of the following is taking place?

Group of answer choices

B. Leading

C. Controlling

D. Supervising

E. Organizing

A. Planning

C. Total owners equity

A. Net income

E. Current liabilities

D. Common share outstanding

6)

A brokerage firm is under investigation for illegal trading activity. Which one of the following institutions is in charge of regulating all companies listed on an organized exchange?

Group of answer choices

C. FED-Federal Reserve System

A. GAAP-Generally Accepted Accounting Principles

D. SEC-Securities and Exchange Commission

E. FDIC-Federal Deposit Insurance Corporation

B. FSA-Federal Securities Agency

7)

The following is a list of bonds and the corresponding return for each bond. Based on this information, which investment would be the most risky?

Group of answer choices

B. AA Bond - 3.5%

C. CCC Bond - 6%

A. AAA Bond - 3%

D. BBB Bond - 4%

E. B Bond - 5%

8)

ABC Company produces quality leather purses, handbags, and wallets. Which one of the following is an example of a variable cost for ABC Company?

Group of answer choices

D. The amount paid each month by ABC to purchase leather materials to produce its products.

E. The amount ABC pays each month to purchase two delivery trucks.

A. The amount ABC pays each month to rent a building.

B. The amount ABC pays each month on a bank loan.

C. The amount ABC pays each month to rent office equipment.