In order to maximize your credit score, you must have exactly ____ major credit cards. 1. 2. 1 3. 2 4. 3 5. 4

In order to maximize your credit score, you must have exactly ____ major credit cards.

1.   2. 1   3. 2     4. 3   5. 4

Answer

3.

2

The U.S. has a ___tax system. 1. fair 2. flat 3. progressive 4. demonstrative

The U.S. has a ___tax system.

1. fair   2. flat   3. progressive     4. demonstrative

Answer

3.	progressive

The goal of the firm is to maximize 1. earnings 2. taxable income 3. shareholder wealth 4. cash flows

The goal of the firm is to maximize

1. earnings   2. taxable income   3. shareholder wealth     4. cash flows

Answer

3.	shareholder wealth

Which form of a corporation is not subjected to double taxation? 1. LLC 2. S Corp 3. C Corp 4. Both A and B 5. All the above

Which form of a corporation is not subjected to double taxation?

1. LLC   2. S Corp   3. C Corp   4. Both A and B   5. All the above

Answer

4.	Both A and B

What percentage of your credit score is made up from your employment status? 1. 2. 5 3. 10 4. 30 5. 50

What percentage of your credit score is made up from your employment status?

2. 5   3. 10   4. 30   5. 50

Answer
 If you have this MCQ then post in the comments, I I will guide you in it.

1.

An individual buying a financial security would be an 1. production 2. consumption 3. in financial market 4. divested

An individual buying a financial security would be an

1. production   2. consumption   3. in financial market     4. divested

Answer

3.	in financial market

A company's current ratio should always be above: 1. .5 2. .75 3. .9 4. 1 5. 1.5

A company's current ratio should always be above:

1. .5   2. .75   3. .9   4. 1     5. 1.5

Answer
4.  1

Which of the following is NOT a real asset? 1. Car 2. House 3. Land 4. Stocks 5. Table

Which of the following is NOT a real asset?

1. Car   2. House   3. Land   4. Stocks   5. Table

Answer
Stocks

Buffo Company fabricates metal folding chairs. Data concerning the company's revenue and cost structure follow: Selling price per unit $35 Manufacturing cost $4,100 per month plus $15 per unit Administrative expense $2,410 per month plus $1.80 per unit Sales commissions 11% of sales Advertising expense $1,870 per month If Buffo expects to produce and sell 6,700 units next month, the expected net operating income would be: $96,145 $87,765 $116,015 $107,515

Buffo Company fabricates metal folding chairs. Data concerning the company's revenue and cost structure follow:

Selling price per unit	$35
Manufacturing cost	$4,100 per month plus $15 per unit
Administrative expense	$2,410 per month plus $1.80 per unit
Sales commissions	11% of sales
Advertising expense	$1,870 per month

 If Buffo expects to produce and sell 6,700 units next month, the expected net operating income would be:

	$96,145
	$87,765
	$116,015
	$107,515

Answer

$87,765

Sales ($35 x 6,700)		$234,500
Variable expenses:
Manufacturing ($15 x 6,700)	$100,500
Sales commissions (11% x $234,500)	25,795
Administrative ($1.80 x 6,700)	12,060	138,355
Contribution margin		96,145
Fixed expenses:
Manufacturing cost	4,100
Advertising expense	1,870
Administrative	2,410	8,380
Net operating income		$87,765

Which of the following is a theoretical measure of a firm's strength? 1. ROA 2. ROE 3. Current Ratio 4. Quick Ratio

Which of the following is a theoretical measure of a firm's strength?

1. ROA   2. ROE   3. Current Ratio   4. Quick Ratio

Answer
ROE

You own an S-Corporation. You are not subject to double taxation. True Flase

You own an S-Corporation. You are not subject to double taxation.

1. True
2. Flase

Answer
True

Owner's equity is 1. liabilities-assets 2. assets-liabilities 3. assets-equity 4. equity-assets

Owner's equity is

1. liabilities-assets   2. assets-liabilities     3. assets-equity   4. equity-assets

Answer
assets-liabilities

You sell your house and make $10,000. The tax you would pay on this is: 1. income 2. sales 3. consumption 4. capital gains

You sell your house and make $10,000. The tax you would pay on this is:

1. income   2. sales   3. consumption   4. capital gains

Answer

capital gains

Labeau Products, Ltd., of Perth, Australia, has $14,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: (Ignore income taxes.) Invest in Project X Invest in Project Y Investment required $14,000 $14,000 Annual cash inflows $6,000 Single cash inflow at the end of 9 years $68,000 Life of the project 9 years 9 years The company's discount rate is 16%. To determine the appropriate discount factor(s) using tables, click here to viewExhibit 12B-1andExhibit 12B-2. Alternatively, if you calculate the discount factor(s) using a formula, round to three (3) decimal places before using the factor in the problem. Required: (1) Determine the net present value. (Round your answer to the nearest dollar amount. Negative amount should be indicated by a minus sign. Omit the "$" sign in your response.) Net Present Value Project X $ Project Y $ (2) Which investment would you recommend that the company accept?

Labeau Products, Ltd., of Perth, Australia, has $14,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: (Ignore income taxes.)

	Invest in Project X	Invest in Project Y
Investment required	$14,000	$14,000
Annual cash inflows	$6,000
Single cash inflow at the end of 9 years		$68,000
Life of the project	9 years	9 years

 

The company's discount rate is 16%.

To determine the appropriate discount factor(s) using tables, click here to view Exhibit 12B-1 and Exhibit 12B-2. Alternatively, if you calculate the discount factor(s) using a formula, round to three (3) decimal places before using the factor in the problem.

Required:

(1)	Determine the net present value. (Round your answer to the nearest dollar amount. Negative amount should be indicated by a minus sign. Omit the "$" sign in your response.)

	Net Present Value
Project X	$13,642
Project Y	$3,884

 

(2)	Which investment would you recommend that the company accept?
	Project X

Explanation:

(1)

Item	Year(s)	Amount of Cash Flows	16% Factor	Present Value of Cash Flows
Project X:
Investment	Now	$(14,000)	1.000	$(14,000)
Annual cash inflow	1-9	$6,000	4.607	27,642
Net present value				$13,642
Project Y:
Initial investment	Now	$(14,000)	1.000	$(14,000)
Single Cash inflow	9	$68,000	0.263	17,884
Net present value				$3,884

(2)

Project X should be selected since it has a higher net present value.