Q1. To decrease the nation's money supply, the Fed can
Q2. In the long-run framework, budget surpluses
Q3. Which of the following will decrease the nominal deficit?
Q4. If a country's trade deficit increases, then
Q5. Which of the following statements best describes the modern view of marketing?
Q6. Ethnic markets are becoming more important to marketers because
Q7. Segmenting, in contrast to combining,
Q8. Cargill, Inc. is finally earning a profit on the unique product it introduced 6 months ago. Cargill's advertising is both informative and persuasive. Total industry sales and profits are both rising. In which stage of the product life cycle is Cargill operating?
Q9. National Printing Equipment (NPE) produces equipment that helps to print newspapers and magazines. The company sells directly to printers and through wholesalers. At the point of loading, title to such products passes to the buyer, who assumes responsibility for damage in transit, except as covered by the transportation agency."
National Printing Equipment's new Gutenberg NP201 should probably use ________________.
Q10. The main reason that vertical marketing systems are becoming more common is that
Q11. __________ is the intentional coordination of every communication from a firm to a target customer to convey a consistent and complete message.
Q12. Which of the following statements about ethical behavior in business is true?
Q13. Which of the following financial instruments entails the most risk and potentially the highest returns for investors?
Q14. The Oviedo Thespians are planning to present performances of their Florida Revue on two consecutive nights in January. It will cost them $5,000 per night for theater rental, event insurance, and professional musicians. The theater will also take 10% of gross ticket sales. How many tickets must they sell at $10.00 per ticket to break even?
Q15. What is the present value of $12,500 to be received 10 years from today? Assume a discount rate of 8% compounded annually and round to the nearest $10.
$5,790
$11,574
$9,210
$17,010
Q16. P. Noel's Inc.'s current ratio is 2. Current liabilities are $500,000. P. Noel's current assets equal __________ and net working capital is __________.
$500,000 and $1,000,000
$500,000 and $250,000
$1,000,000 and $500,000
$500,000 and $500,000
Q17. Woodstock Inc. expects to own a building for 5 years, and then sell it for $1,500,000 net of taxes, sales commissions, and other selling costs. Woodstock's cost of capital is 11%. How much will the sale of the building contribute to the NPV of the project?
$890,177
$1,351,351
$1,500,000
$2,527,587
Q18. Metals Corp. has $2,575,000 of debt, $550,000 of preferred stock, and $18,125,000 of common equity. Metals Corp.'s after-tax cost of debt is 5.25%, preferred stock has a cost of 6.35%, and newly issued common stock has a cost of 14.05%. What is Metals Corp.'s weighted average cost of capital?
12.78%
10.84%
8.32%
6.56%
Q19. Which of the following is the most important factor that affects a firm's financing mix?
Q20. One reason for international investment is that
Q21. H&R Block wants to analyze its clients’ tax returns over the past 10 years for each of the client’s tax filings. The type of data generated will be ______________.
Q22. Suppose Stock A has had a mean price of $6.58 per share with a standard deviation of $1.88, while Stock B has had a mean price of $10.57 per share with a standard deviation of $3.02. Which stock shows a higher coefficient of variation or volatility?
Q23. A random sample of 81 team leaders and supervisors from Fortune 500 companies revealed that on average a person spent 6.5 years on the job before being promoted. The standard deviation of the sample was 1.7 years. Assuming that the population standard deviation is unknown, the 99% confidence interval within which the population mean lies is approximately between ___________ and _________years.
Q24. The appropriate alternative hypothesis for a two-tail test to determine if mean body weight of all the men who have joined a health club is the same as 185 pounds would be
Ho: μ = 185 lbs.
Ho: μ > 185 lbs.
Ho: μ ≤ 185 lbs.
Ho: μ ≠ 185 lbs.
Q25. A survey of 134 cell phone users yielded the data found in the table below. The table compares gender and type of phone.
iPhone Non-iPhone Total
Male 57 23 80
Female 36 18 54
Total 93 41 134
If a customer is randomly selected based on this survey data, what is the probability that the customer is a female with an iPhone? (Round your answer to 3 decimal places).
0.481
0.333
0.387
0.269
Q26. A correlation value of r = 0.5 between the x-variable and y-variable means
Q27. When predicting grade point average from the number of hours spent studying per week, the equation for the best fit line was found to be yˆ = 0.0855x + 0.944. What is the predicted grade point average of a student that studies 26 hours per week?
Q28. A distribution center for a chain of electronics supply stores fills and ships orders to retail outlets. A random sample of orders is selected as they are received and the dollar amount of the order (in thousands of dollars) is recorded, and then the time (in hours) required to fill the order and have it ready for shipping is determined. A scatterplot showing the times as the response variable and the dollar amounts (in thousands of dollars) as the predictor shows a linear trend. The least squares regression line is determined to be: yˆ= 0.76 +1.8x. A plot of the residuals versus the dollar amounts showed no pattern, and the following values were reported: Correlation r + 0.90; R 2 = 0.81; standard deviation of the residuals is 0.48. What percentage of the variation in the times required to prepare an order for shipping is accounted for by the fitted line?
76%
48%
81%
90%
Q29. Which of the four basic financial statements adds net income and subtracts dividends to arrive at its key data element at the end of each period?
Q30. What principle dictates that efforts (expenses) be recorded with results (revenues)?
Q31. When an accountant makes an adjusting entry for accrued expenses, which statement best reflects what the accounts look like before the adjustment?
Q32. Which account will have a zero balance after a company has journalized and posted closing entries?
Q33. If XYZ Co. had 100 units of beginning inventory valued at $15 per unit in January, purchased an additional 100 units of inventory in February at $16 per unit, and additional 100 units of inventory in May at $19 per unit, what would the unit cost of ending inventory be under each of the three inventory methods (assuming that XYZ only sold 79 units during this time frame)?
Q34. Mitch Company’s ending inventory is understated by $4,000. The effects of this error on the current year’s cost of goods sold and net income, respectively, are
Q35. Internal control is used in a business to enhance the accuracy and reliability of its accounting records and to
Q36. Under the percentage of receivables method, the allowance for a doubtful accounts balance will occasionally have a debit balance due to write-offs that occur during the year, which exceed the previous provisions for bad debts. In such cases, what must a company do to this account?
Q37. Penn Corp. acquired a truck to haul widgets between its manufacturing facility and its sales offices. Penn acquired the truck for $55,000. Penn sold the truck years later for $15,000. Before the year of the sale, Penn had depreciated the asset by $32,000. Penn depreciated the truck by another $2,000 during the year it was sold. Does Penn record gain or loss on the sale and how much?
Q38. In what situations are notes payable used in lieu of accounts payable?
Q39. In the stockholders equity section of the balance sheet, the cost of treasure stock is deducted from the following:
Q40. To arrive at net cash provided by operating activities, the statement of cash flows prepared by the indirect method starts with net income and then adds or deducts various items. In making this calculation, the following items are added to net income under the indirect method:
Q41. In horizontal analysis, each item is expressed as a percentage of the following:
Q42. The following is an example of an unethical action committed by ABC, Inc.’s accountant, Fred Anderson.
Q43. Strategic management involves the _________, directing, _________ and controlling of a company's strategy-related decisions and actions.
Q44. The DMAIC (define, measure, analyze, improve, control) process is relevant to
Q45. Identifying and assessing a company's resource strengths and weaknesses and its external opportunities and threats is called a __________________.
Q46. The market opportunities most relevant to a particular company are those that
Q47. Organizational requirements to support and sustain cost leadership are
Q48. Organizational requirements to support and sustain differentiation activities include which of the following:
Q49. A __________ is an articulation of a simple criterion or characterization of what the leader sees the company must become to establish and sustain global leadership.
Q50. The overriding goal of a control system is to enable the __________ and __________ of the business.
Answer will be sent by email as attachment.
