现代财务管理例卷

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1、1.whichofthefollowingstatementsistrue?a.oneofthebenefitsofincorporatingyourbusinessisthatyoubecomeentitledtoreceiveunlimitedliability.b.soleproprietorshipsaresubjecttomoreregulationsthancorporations.c.soleproprietorshipsdonothavetopaycorporatetax.d.allofthestat

2、ementsabovearecorrect.e.noneofthestatementsaboveiscorrect.Answerc2.LastyearAldrinCo.hadnegativenetcashflow,yetitscashonthebalancesheetincreased.Whatcouldexplaintheseevents?a.Aldrinissuedlong-termdebt.b.Aldrinrepurchasedsomeofitscommonstock.c.Aldrinsoldsomeofits

3、assets.d.statementsaandbarecorrect.e.statementsaandcarecorrect.Answere3.Allelsebeingequal,whichofthefollowingwillincreaseacompany’scurrentratio?a.anincreaseinaccountsreceivable.b.anincreaseinaccountspayable.c.anincreaseinnetfixedasserts.d.statementsaandbarecorr

4、ect.e.allofthestatementsabovearecorrect.Answera4.TheNewYorkStockExchangeisprimarilya.asecondarymarket.b.aphysicallocationauctionmarket.c.anover-the-countermarket.d.statementsaandbarecorrect.e.statementsbandcarecorrect.Answerd5.Whichofthefollowingstatementsismos

5、tcorrect?a.Riskreferstothechancethatsomeunfavorableeventwilloccur,andaprobabilitydistributioniscompletelydescribedbyalistingofthelikelihoodofunfavorableevents.b.Portfoliodiversificationreducesthevariabilityofreturnsonanindividualstock.c.Whencompany-specificrisk

6、hasbeendiversifiedtheinherentriskthatremainsismarketrisk.Whichisconstantforallsecuritiesinthemarket.d.Astockwithabetaof-1.0haszeromarketrisk.e.TheSMLrelatesrequiredreturnstofirms’marketrisk.Theslopeandinterceptofthislinecannotbecontrolledbythefinancialmanager.A

7、nswere6.Youhavedeterminedtheprofitabilityofsplannedprojectbyfindingthepresentvalueofallthecashflowsfromthatproject.Whichofthefollowingwouldcausetheprojecttolookmoreappealingintermsofthepresentvalueofthosecashflows?a.Thediscountratedecreasesb.Thecashflowsareexte

8、ndedoveralongerperiodoftime,butthetotalamountofthecashflowsremainsthesamec.Thediscountrateincreased.Statementsbandcarecorrect.e.Statementsaandbarecorrect.Answera7.Oneoftheba