NEED ANSWERS AS SOON ASPOSSIBLE IN 30 MINS TIMED HOMEWORK!!!!

Question 3 (3 points) 3 Which of the following is not most appropriate goal for the firm? Question 3 options: profit maximization stock price maximization shareholder wealth maximization firm value maximization Save Question 4 (3 points) 4 Suppose a company had $ 5 million net income for year 2012, and paid out dividends of $ 0.4 per share. The company has 10 million shares outstanding. If the company had $ 34 million retained earning at the end of year 2011, what is the balance of the retained earnings now (year 2012)? Answer in millions, and round it to a whole million. Do not include the $ sign, e.g., 55 (for $55 million). Your Answer: Question 4 options: Answer Save Question 5 (3 points) 5 Capital budgeting involves Question 5 options: which long-term investments or projects the firm should take on. how a firm's day-to-day financial matters should be managed. how the firm should finance its assets. all of the above. Save Question 6 (3 points) 6 When analysts and investors determine the value of a firm's stock, they should consider Question 6 options: the size of the future cash flows associated with owning the stock. the timing of the cash flows. the riskiness of the cash flows. all of the above. Save Question 7 (3 points) 7 Which of the followings is not true of common-size balance sheets. Question 7 options: Each asset and liability item on the balance sheet is standardized by dividing it by total assets. Balance sheet accounts are represented as percentages of total assets. Each asset and liability item on the balance sheet is standardized by dividing it by sales. Common-size financial statements allow us to make meaningful comparisons between the financial statements of two firms with different sizes. Save Question 8 (3 points) 8 A primary market is a market in which Question 8 options: investment bankers are not allowed to trade. new securities are sold by issuers (i.e., companies) to investors. investors sell stocks to other investors. companies buy back their own previously issued shares. Save Question 9 (3 points) 9 Shareholders elect ______________ to represent their interest in the firm. Question 9 options: a chairman CEO a board of directors All of the above. Save Question 10 (3 points) 10 Centennial Brewery produced sales of $ 1,260,000 in 2012. It has $ 772,000 costs of goods sold, $ 137,000 depreciation, and $ 82,000 interest expenses. It pays a 34 percent tax. What is the firm's net income? Do not include the $ sign, and round it to a whole dollar, e.g., 2211450 (for $2,211,450). Your Answer: Question 10 options: Answer Save Question 11 (3 points) 11 So Big, Inc. has sales of $ 19,600, operating costs of $ 7,600, depreciation expense of $ 3,300, and interest expense of $ 900. If the tax rate is 40 percent, what is the operating cash flow, or OCF? Do not include the $ sign, and round it to a whole dollar, e.g., 2,345 (for $2,345). Your Answer: Question 11 options: Answer Save Question 12 (3 points) 12 The 2012 income statement of Bob's Golf Warehouse, Inc., showed $ 1.8 million EBIT, $ 120,000 depreciation, $ 500,000 interest expenses, and $ 400,000 taxes. If the firm's net capital spending for 2012 was $ 110,000, and the firm increased its net working capital investment by $ 20,000, find the firm's 2012 cash flow from assets (CFFA). Do not include the $ sign, and round it to a whole dollar, e.g., 2,345 (for $2,345). Your Answer: Question 12 options: Answer Save Question 13 (3 points) 13 The conventional way of preparing a balance sheet is to list all assets in the order of their Question 13 options: liquidity. market value. risk. historical cost. Save Question 14 (3 points) 14 Which of the following is NOT true of liquidity ratios? Question 14 options: They measure the ability of the firm to meet short-term obligations with short-term assets without putting the firm in financial trouble. Current ratio, quick ratio and cash ratio can be used to measure a firm's liquidity. Liquid firms tend to have low net working capital. The higher the number, the more liquid the firm and the better its ability to pay its short-term bills. Save Question 15 (6 points) 15 Question 15 options: Suppose a company's depreciation expense increases by $100, while holding other things the same. Assuming 40% tax rate, the taxable income would by $ ; the net income would by $ ; and the operating cash flow (OCF) would by $ . **The correct answer should be either increase or decrease, or dollar amounts. Save Question 16 (3 points) 16 All else being equal, which one of the following will increase a firm's current ratio? Question 16 options: an increase in account receivable a decrease in depreciation a decrease in inventory a increase in account payable Save Question 17 (3 points) 17 The DuPont equation shows that a firm's ROE is determined by three factors: Question 17 options: net profit margin, total asset turnover, and the equity multiplier operating profit margin, ROA, and the equity multiplier net profit margin, total asset turnover, the ROA ROA, total assets turnover, and the equity multiplier Save Question 18 (3 points) 18 Which of the following aspects about a company's operation does the debt-to-equity ratio measure? Question 18 options: Profitability Asset utilization Long-term solvency Short-term solvency Save Question 19 (3 points) 19 Columbus Security Corp. has a ROE of 21 percent, profit margin of 7.9 percent, and total asset turnover of 1.5 . What is the firm's debt-equity ratio? (Round it to two decimal place, e.g., 1.58) Your Answer: Question 19 options: Answer Save Question 20 (3 points) 20 RTR Corp. has reported a net income of $611,000 for the year. The company's share price is $12.62, and the company has 643,000 shares outstanding. Compute the firm's P/E (price-earnings) ratio. Round it to two decimal place, e.g., 12.52. Your Answer: Question 20 options: Answer Save Question 21 (3 points) 21 If firm A has a higher debt ratio than firm B, then Question 21 options: firm A has a higher financial leverage than firm B. firm A has a higher equity multiplier than firm B. firm A is, in general, considered to be riskier than firm B. All of the above. Save Question 22 (3 points) 22 Andrade Corp has debt of $2,835,000, total assets of $5,178,000, sales of $8,234,100, and net income of $812,300. What is the firm's return on equity (ROE)? Question 22 options: 7.1%t 34.7% 28.1% 43.2% Save Question 23 (3 points) 23 Which one of the following statements about time value of money is NOT true? Question 23 options: For a given interest rate, the longer the time period, the lower the present value of a future cash flow A 10% compounding rate results in greater future value than a 10% simple rate. A dollar today is worth more than a dollar to be received in the future. For a given time period, the higher the discount rate, the greater the present value of a future cash flow. Save Question 24 (3 points) 24 The process of converting a future cash flow to its present value is called Question 24 options: time value of money. discounting. compounding. none of the above. Save Question 25 (3 points) 25 Tommie Harris is considering an investment that pays 6.5 percent annually. How much must he invest today such that he will have $25,000 in seven years? (Round to the nearest dollar.) Question 25 options: $23,474 $38,850 $26,625 $16,088 Save Question 26 (3 points) 26 Which of the followings is true of the Rule of 72? Question 26 options: It is the number months for an average household to take to pay off a mortgage loan. It approximates the time for an investment to double at a given interest rate. It calculates the amount of interest rate required to make an investment safe. It states that the optimal retirement age to maximize the social security retirement benefits is about 72 years old. Save Question 27 (3 points) 27 Ryan Miller would like to buy a condo in Florida in six years. He is looking to invest $68,000 today in a stock that is expected to earn a return of 13.8 percent annually. How much will he have at the end of six years? (Do not include the $ sign, and round to the nearest cents.) Your Answer: Question 27 options: Answer Save Question 28 (3 points) 28 Lisa Smith wants to buy a house in five years. She hopes to be able to make a down payment of $23,000 at that time. If the bank CD she wants to invest in will pay 4.5 percent annually, how much will she have to invest today? (Do not include the $ sign, and round to the nearest cents, e.g., 62344.15.) Your Answer: Question 28 options: Answer Save Question 29 (3 points) 29 Ryan Holmes wants to deposit $64,000 in a bank account that pays 8.5 percent annually. How many years will it take for his investment to grow to $100,000? (Type the number only, and round to two decimal places, e.g., 7.42) Your Answer: Question 29 options: Answer Save Question 30 (3 points) 30 Ray Stone has $25,000 to invest in a small business venture. His partner has promised to pay him back $53,000 in three years. What is the annual return earned on this investment? (Answer in a percentage without the % sign, and round it to two decimal places, e.g., 8.14) Your Answer: Question 30 options: Answer Save Question 31 (3 points) 31 Suppose you are offered the following two investments. You can invest $1,000 in investment AAA today and receive $1,380 in 5 years. This investment is very safe. You can also invest the $1,000 in a bank CD paying 6%. Which investment should you choose and why? Question 31 options: Investment AAA because it has a 7.2 % rate of return, higher than the CD's. Investment AAA because it will have a higher value in 5 years. The bank CD because its 6% rate is greater than the investment AAA's. The bank CD because it has a higher value in 5 years. Save Question 32 (3 points) 32 Which of the followings does NOT refer to interest rates in the time-value-of-money? Question 32 options: Discount rates Opportunity cost of capital Required return Future value growth rate Save Question 33 (3 points) 33 When investors trade their shares of a public company stock, those existing shares will be traded in a __________ market. Question 33 options: Nasdaq Primary Secondary NYSE Save Save All Responses