Social Science Questions
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16) Which of the following best represents operating income?A) Income after financing activitiesB) Earnings before interest and taxesC) Income from capital gainsD) Income from discontinued operations
If the direct price of the dollar is DKK5 in Copenhagen and transaction costs are .5%, then the minimum‑maximum direct quotes for the Danish krone in New York area) 4.9750‑5.0250b) 4.9500‑5.0500c) .1980‑.2020d) .1990‑.2010
Suppose the Brazilian Real is quoted at $0.9455-9510, and the Thai baht is quoted at $25.2513-3986. What is the direct quote for the Real in Bangkok?a) 27.1267-5673b) 26.7801-9801c) 25.2597-2700d) 26.5524-8626
30) Under current accounting rules, plant and equipment appear on a firm's balance sheet valued at its replacement value
25) Which of the following would be included in the calculation of net operating working capital?A) Accounts payable?B) AccrualsC) Short-term notes payableD) Both A and B
The spot and 30‑day forward rates for the Dutch euro are $1.4757 and $1.48, respectively. The guilder is said to be selling at a forwarda) premium of 1.2%b) premium of 3.5%c) discount of 3.5%d) discount of 1.2%
Trading on the foreign exchange market isa) located in a physical headquarters in Londonb) takes place within an organized exchangec) conducted by licensed brokers from the London stock exchanged) an electronically linked network of banks, brokers, and dealers
Suppose it is 1995 and the following direct quotes are received for spot and one‑ month French francs in New York: .1160‑684‑6. Then the outright 30‑ day forward quote for the French franc was:a) .1156‑62b) .1164‑74c) .1166‑72d) .1154‑64
Suppose the spot direct quotes for the pound sterling and euro are $1.3981‑89 and $.1230‑33, respectively. What is the direct quote for the pound in Paris?a) €1.1339-73/£b) €.8793-.8819/£c) £.0808‑12/€d) £.0976‑87/€
9) Which of the following will decrease total equity? An increase in: A) common stock material.B) net income.C) dividends paid.D) interest expense.
Suppose it is January 1980 and the $/DM exchange rate is DM1 = $.35 and the DM/FF exchange rate is FF1 = DM.31. What is the FF/$ exchange rate?a) 3.226 French francs per dollarb) 1.129 French francs per dollarc) .886 French francs per dollard) 9.217 French francs per dollar
Suppose it is 1990 and the spot direct quotes for the Swedish krona and French franc are $.1395‑99 and $.1130‑33, respectively. What is the direct quote for the krona in Paris?a) 1.2312‑81b) 1.2435‑37c) .0806‑11d) .0973‑81
Equation EOQ optimal quantity to minimize inventory costs
17) A firm reports the following balance sheet items: total current liabilities of $535,000; total assets of $2,500,000; fixed and other assets of $1,850,000; and long-term debt of $200,000. What is the amount of the firm's net working capital?A) $115,000B) $450,000C) $335,000D) $1,315,000
15) Which of the following is best represents the income stream that is available to common stockholders?A) Earnings before interest and taxesB) Gross profitC) Operating profitD) Net profit after tax and after preferred dividend payments
10) Which of the following balance sheet equations is NOT CORRECT?A) Assets - Current Liabilities = Long-Term LiabilitiesB) Assets - liabilities = Shareholders' EquityC) Assets = Liabilities + Shareholders' EquityD) Assets - Current Liabilities = Long-Term Liabilities + Shareholders' Equity
2) Which of the basic financial statements is used to explain changes in the owner's equity that are NOT explained by the income statement?A) Balance sheetB) Statement of shareholders' equityC) Income statementD) Cash flow statement
6) Which of the following would NOT be included as a liability in a corporate balance sheet?A) AccrualsB) Notes payableC) Accounts payableD) Depreciation
20) Net value of property and equipment is calculated as:A) total property and equipment minus long-term debt minus depreciation and amortization. B) total property and equipment minus selling, general and administrative expenses minus depreciation and amortization.C) total property and equipment minus depreciation and amortization.D) None of the above.
3) Which of the following describes a balance sheet?A) Reports the amount and composition of assets and liabilities at a specified point in time?B) Reports cash receipts and cash disbursements for a specific accounting period.C) Reports the amount and composition of assets and liabilities at a specific accounting period.D) Reports revenues and expenses for a specific accounting period.