STR581 Final Exam (39 question)

Jul 2nd, 2016
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Question Q1: Gateway, Corp. has an inventory turnover of 5.6. What is the firm’s days’s 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 company’s 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 wh

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STR581 Final Exam (39 question)Report this Question as InappropriateQuestionQ1: Gateway, Corp. has an inventory turnover of 5.6. What is the firms dayss sales ininventory?64.365.257.961.7Q2: Which of the following is an advantage of corporations relative to partnerships and soleproprietorships?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 isthe 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 iscurrently selling for $28. Serox pays a $1.10 dividend per year. What was the rate of return forowning 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 aperiod of time:to determine the amount and/or percentage increase or decrease that has taken place.to determine which items are in error.that

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