Walden WMBA4990 2021 September Module 3 Quiz Latest

WMBA4990/WMBA4991/ACCT4990/FNCE4990/DDBA4990/WMBA4990B

WMBA4990 Business Essentials

Module 3 Quiz

Question 1A firm's operating budget represents a firm's overall plan of action for a specified time period.

Question 2John and Elizabeth are evaluating three telecommunication companies to determine the best company to invest in. Horizontal analysis will enable them to make comparisons of financial statements of the three companies over the past several years and help determine the increase in their profits.

Question 3To make a forecast of the finances, Susan needs the debt, cost, and profit statistics of all branches of the PTree Corporation. Based on the information that she needs, Susan is a _________.

Question 4?The heavy reliance on accounting information by business stakeholders has led to it sometimes being called the:

Question 5Accounting systems are utilized by companies for several reasons, but they have little value when it comes to making economic decisions.

Question 6Liabilities do not include bank loans and current payments owed to suppliers.

Question 7Matt is asked by Clint Publishers to carry out an external audit of its books. He is also asked to prepare the tax returns for another client, Mrs. Zhirkov. Matt is a _____.

Question 8Alexis decides to check with his accountant how much money his company owes to the raw materials supplier. To determine that, Alexis needs to ask his accountant to provide him with the company's balance sheet.

Question 9Sebastian is an employee of Power Trans Inc. His duties include preparing reports and analyzing company accounting data. He also appraises financial performances, verifies the accuracy and validity of the company's internal records and accounting procedures. Sebastian's role is that of a _____.

Question 10Horizontal analysis is the comparison of:

Question 11David owns 15 percent of the shares of common stock currently held in BIGD Analytics Co. At the most recent meeting, the board of directors authorized the sale of 250,000 new shares of stock to raise funds. As an existing stockholder, David may have a _________ to buy up to 37,500 shares of the new stock before it is offered to the public.

Question 12Wild Trails Inc., an adventure resort in Texas, has 500 shares of outstanding common stock and has not issued any preferred stock. Net income is $27,500. Wild Trails Inc.'s earnings per share is _____.

 

Question 13Jessie, the regional manager of a large electronics firm, is trying to determine whether a new warehouse is a good investment. After discussing with her firm's financial managers, she concludes that the project carries a negative NPV (Net Present Value). What should Jessie do and why?

Question 14A _________ is the most common depository institution.

Question 15Which of the following was the major outcome of the Financial Services Modernization Act of 1999?

Question 16In order to access stock information for a particular corporation on a financial website, an individual normally types in the corporation's _____.

Question 17The Chief Financial Officer of Orange Motors Inc. recently mentioned in an interview that a dollar received today is worth more than a dollar received in the future because the sooner you receive a sum of money, the quicker you can put that money to work. The Chief Financial Officer was speaking about the _________.

Question 18Which of the following is a characteristic of debt financing?

Question 19Which of the following is true of a securities broker?

Question 20The main disadvantage of financial leverage is that it: