This part of the exam is worth 40 points.
1- The long-range time period, usually the next two to five years, over which the financial planning process focuses is known as the:
A) Planning horizon.
B) Planning strategy.
Meaning of Audit:
The word audit is derived from the Latin word “AUDIRE” which means to hear. Initially auditor was a person appointed by the owners to check account whenever the suspected fraud, he was to hear explanation given by the person responsible for financial transactions. Emergence...
According to Myers , “Ratio analysis of financial statements is a study of relationship among various financial factors in a business as disclosed by a single set of statements and a study of trend of these factors as shown in a series of statements."
Advantages and Uses of Ratio Analysis
|A company issued one million ordinary $1 shares at a premium of 50c per share. The proceeds were corrected recorded in the cash book, but were incorrectly credit to sales account.
Which on of the following journal entries will correct the error? | |
| | | ...
HOME WORK 12
1. Which of the followingstatements is CORRECT?
a. Perhaps the most important step when developing forecasted financial statements is to
determine the breakdown of common equity between common stock and retained earnings.
b. The first, and perhaps...
Which of the following is not considered when looking at free cash flow to equity technique?
A) Depreciation expense
B) Change in working capital
C) Principal debt repayments
D) Change in competitive environment
E) Net income
CHAPTER 16 The Dividend Controversy Answers to Practice Questions 1. 2. Newspaper exercise; answers will vary depending on the stocks chosen. a. b. c. d. Distributes a relatively low proportion of current earnings to offset fluctuations in operational cash flow; lower P/E ratio. Distributes a relatively...
Sample Question 5312 Fall 2009
1. Corporate governance include concerns about:
A. business ethics and social responsibility.
B. the responsibilities of the board of directors.
C. equitable treatment of stakeholders...
MEANING OF RATIO
Accounting ratios are relationship expressed in mathematical terms between figures, which are related to each other in some manner. Thus ratio establishes nature of relationship between two variables. A single accounting figure by itself may not communicate any meaningful information...
Chapter 1 Results
36% (9 out of 25 correct)
Responses to questions are indicated by the
1. Corporations generally receive more favorable tax treatment than sole proprietorships and corporations. A. True B. False
Correct! Sole proprietorships and partnerships generally...
Which of the following may grant approval to any gratuity fund?
Select correct option:
a) Federal Tax Ombudsman
b) Federal Government
c) Superior judiciary
d) Commissioner of Income Tax (55)
Mr. X resident of Pakistan remittance from UK received Rs. 20,000 in Pakistan from past profits. Which...
Topic: DIVIDENDS1. Payments made out of a firm's earnings to its owners in the form of cash or stock are called:
C) Share repurchases.
E) Stock splits.
Topic: REGULAR CASH DIVIDENDS
2. A cash payment...
Exam Resit Corporate Finance 1
Januari 25th, 2009
The secondary market is the market in which:
the sale proceeds of a trade flow to the issuer of the security.
one shareholder sells securities to another shareholder.
publicly held firms issue new shares of stock.
#1. | A policyowner fails to pay the premium due on his whole life policy after the grace period passes, but the policy remains in force. This is due to what provision? |
a) | Incontestability period |
b) | Assignment |
c) | Automatic premium loan |
d) | Waiver of premium |
Question Paper For (Insurance Regulatory and Development Authority) IRDA Examination
1) Insurance works on the principle of
d All of the above
2 Insurance is legitimate
a when an adverse happening is likely
b When an adverse happening is unlikely
c When an adverse...
BALANCE SHEET AND STATEMENT OF CASH FLOWS
IFRS questions are available at the end of this chapter.
Answer No. Description
F 1. Liquidity and solvency.
T 2. Limitations of the balance sheet.
T 3. Definition of financial flexibility.
T 4. Long-term...
adjusted trial balance. Correct financial statements may be prepared from the adjusted trial balance. Sometimes a business may use an optional worksheet to facilitate and document the financial statement preparation process. Several such worksheets are illustrated.
Following completion of an accounting...
Assignment Chapter 10
Indicate whether the statement is true or false.
True 1. "Capital" is sometimes defined as the funds supplied by investors.
True 2. The cost of capital should reflect the average cost of the various sources of long-term funds a firm uses to acquire assets.