strayer fin100 week 7 quiz 5

• Question 1

On the balance sheet, total assets minus net fixed assets equals:

• Question 2

On the income statement, net profit after tax is defined as:

• Question 3

The goal of a business should be:

• Question 4

2 out of 2 points

The U.S. federal government body that regulates the sale and listing of securities on U.S. financial markets is the:

• Question 5

2 out of 2 points

Current liabilities would not include:

• Question 6

2 out of 2 points

Under which one of the following business organizations do the owners have unlimited liability for all debts of the firm?

• Question 7

2 out of 2 points

Of the following forms of business organization, which have the advantage of limited liability but no stockholders?

• Question 8

2 out of 2 points

The financial statement that provides a snapshot view of the financial condition of a business at a point in time is the:

• Question 9

2 out of 2 points

Of the following forms of business organization, which have stockholders with limited liability?

• Question 10

2 out of 2 points

If a firm issues 10,000 shares of common stock with a par value of $5 and for a sales price of $15, what amount would be recorded in the paid-in capital account?

• Question 11

2 out of 2 points

The extent to which assets are used to support sales is indicated by which of the following ratios:

• Question 12

2 out of 2 points

The price/earnings ratio (P/E) is calculated as:

• Question 13

2 out of 2 points

The equity multiplier is calculated as:

• Question 14

2 out of 2 points

Cost-volume-profit analysis can be used to estimate the firm’s operating profits at different levels of:

• Question 15

2 out of 2 points

The extent to which assets are financed by borrowed funds and other liabilities is indicated by:

• Question 16

2 out of 2 points

Rental or lease payments are included in which one of the following ratios?

• Question 17

2 out of 2 points

The _______________ ratio is computed as earnings before interest and taxes divided by interest expense:

• Question 18

2 out of 2 points

The degree of operating leverage (DOL) can be measured by the percent change in operating income (EBIT) divided by percent change in:

• Question 19

2 out of 2 points

_____________ costs are a function of quantity sold, not time.

• Question 20

2 out of 2 points

The profitability ratio that measures the return that shareholders earned on the equity they invested in the firm is the: