I need help with questions 1-15 please

Question 1 1 pts Which of the following statements is incorrect? A firm's capital, also known as productive assets, generate the least amount of the cash flows for the firm. Agency costs are the costs incurred because of conflicts of interest between a principal and an agent. All the answers are correct except one. A major advantage of a corporation is that stockholders have limited liability for debts and other obligations. Financing decisions are about determining how the form should finance or pay for assets. Question 2 1 pts Which of the following statements is correct? All the answers are correct. If a company is profitable, then the company will be reorganized or the company's assets will be liquidated, whichever is more valuable. Debt financing does not create a contractual obligation and it must not be paid regardless of the firm's operating cash flow, even if the firm suffers a financial loss. The fundamental question in working capital management is about which productive assets should the firm purchase. O A sole proprietorship is a business that is owned by a single person Question 3 1 pts (TRUE or FALSE?) The treasurer looks after the collection and disbursement of cash, investing excess cash so that it earns interest, raising new capital, handling foreign exchange transactions, and overseeing the firm's pension fund managers. O True False Question 4 1 pts (TRUE or FALSE?) If a firm fails to make debt payments as promised, it defaults on its debt obligation and could be forced into bankruptcy. True O False Question 5 1 pts (TRUE or FALSE?) Working capital management is the day-to-day management of the firm's short-term assets and liabilities. True O False Question 6 1 pts Ms. Walters want to have $220,000 annual income every year for the next 21 years. If she can earn an average rate of return of 4 percent, how much does Ms. Walters need to put down today to have $220,000 annual income every year for the next 21 years? O $2,633,837 O none of the answers is correct $3,086,415 $5,881.765 O $4,225,154 Question 7 1 pts Which of the following statements is incorrect? All the answers are correct except one. Money market instruments are generally issued by firms of the lowest credit rating. After the Great Depression (1929-1933), commercial banks were prohibited from engaging in investment banking activities because it was believed that these activities encouraged them to take too many risks, The SEC is responsible for overseeing the securities industry and regulating all primary and secondary markets in which securities are traded. O Compared with money market instruments, capital market instruments are less marketable, have higher default risk, and have longer maturities. Question 8 1 pts Which of the following statements is incorrect? All the answers are correct except one. The financial market where a new security is sold for the first time is a primary market. Many corporations do not want access to the public markets because they are retail markets where issuers can sell their securities at the highest funding cost In a weak-form efficient market, it would not be possible to earn abnormally high returns by looking for patterns in security prices For businesses, the most common type of bank loan is a line of credit, often called revolving credit, which works much like a credit card. Question 9 1 pts ABC Corporation bought a piece of machinery on January 1, 2006 at a cost of $2.3 million, and the machinery is being depreciated annually at an amount of $230,000 for 10 years. Its market value on December 31, 2008 is $1.75 million. The firm's accountant is preparing its financial statement for the fiscal year end on December 31, 2008. The asset's value should be recognized on the balance sheet at none of the answers is correct. O $1.61 million. O $230,000 $2.3 million O $1.75 million Question 10 1 pts Xerox Corporation had current assets of $101,100 and current liabilities of $86,213 at the beginning of the year. And, as of the end of that year, the current assets are $98,900 and the current liabilities are $106,809. The depreciation expense for 2006 is $11,200 and the interest paid is $4,600. What is the amount of the cash flow to Net Working Capital CFNWC? -$14,887 $6,978 -$22.796 O $7.909 - $6.978 Question 11 1 pts (TRUE or FALSE?) According to the semistrong-form efficiency, security prices reflect all public information, but not all private information. True False Question 12 1 pts (TRUE or FALSE?) The concept of semistrong-form efficiency is a reasonable representation of the public stock markets in developed countries such as the United States, True False Question 13 - 1 pts (TRUE or FALSE?) A highly liquid financial instrument with a maturity of 90 days would be traded in the money market. True False Question 14 1 pts Which of the following statements is correct? Any cash dividend payment increases a firm's cash balance. All the answers are correct. For most businesses, the largest noncash expenses are depreciation and amortization of long-term assets. During rising prices, firms using FIFO will have the highest cost of goods sold, the lowest net income, and the lowest inventory value. The right hand side of the balance sheet identifies the firm's assets, which are listed at book value. Question 15 1 pts Which of the following statements is incorrect? An increase in common and preferred stock is a source of cash. Total assets - Total liabilities + Total stockholder's equity. Earnings before taxes (EBT) shows what is earned purely from operations and reflects how efficiently the firm can manufacture and sell its products with taking into account the cost of the productive asset base (plant and equipment and intangible assets). Earnings per share (EPS), where EPS equals net income divided by the number of common shares outstanding, All the answers are correct except one