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Past Exam for BUSN 323 - Corporate Finance with Gudikunst at Christopher Newport (CNU)

Exam Information

Material Type:Final
Professor:Gudikunst
Class:BUSN 323 - Corporate Finance
Subject:Business
University:Christopher Newport University
Term:Spring 2004
Keywords:
  • Direct Conflict
  • Credit Terms
  • Higher Return
  • Profitability
  • Immediately
  • Preferred Stockholders
  • Stock Exchange
  • Common Stockholders
  • Earnings Balance
  • Current Liability
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Sample Document Text

BUSN 323 Dr. G Spring 2004 NAME_________________________________ Final Examination 1. *** must answer*** Mark True or False in margin beside question number: (10 points total). 1. Payments to be made by the company to a supplier are a current liability. 2. T-bills held by a company are a long term asset. 3. Companies use accelerated depreciation methods in order to generate lower reported taxable profits. 4. The value of $100 today will be worth $110.00 in two years at a 5 % annual interest rate. 5. FIFO inventory method will cause lower reported profits versus the use of LIFO when production costs are rising. 6. The goal of a company is to maximize the after-tax reported profits. 7. Retained earnings on the balance sheet of a company is an asset. 8. Depreciation is a cash operating expense just like wages paid to employees. 9. A proprietorship form of business pays no federal corporate income taxes on its profits. 10. If interest rates are 4 % per year, $100 one year from now is worth more than $96.00 ...

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