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R MORE CLASSES VISIT<br>www.fin571nerd.com<br><br><br>FIN 571 Week 1 Individual Practice Quiz<br>FIN 571 Week 1 Individual Assignment Business Structures<br>FIN 571 Week 1 DQ 1<br>FIN 571 Week 1 DQ 2<br>FI
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FIN 534 tutor Education Expert • FIN 534 Week 1 Chapter 1 Solution • FIN 534 Week 1 Chapter 2 Solution • FIN 534 Week 2 Chapter 3 Solution • FIN 534 Week 3 Chapter 4 Solution • FIN 534 Week 3 Chapter 5 Solution • FIN 534 Week 4 Chapter 6 Solution • FIN 534 Week 4 Chapter 7 Solution • FIN 534 Week 5 Chapter 8 Solution FIN 534 Entire Course (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • a. One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability. • b. It is generally easier to transfer one’s ownership interest in a partnership than in a corporation. • c. One of the advantages of the corporate form of organization is that it avoids double taxation. • d. One of the advantages of a corporation from a social standpoint is that every stockholder has equal voting rights, i.e., “one person, one vote.” FIN 534 Week 1 Chapter 1 Solution (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • a. Typically, a firm’s DPS should exceed its EPS. • b. Typically, a firm’s EBIT should exceed its EBITDA. • c. If a firm is more profitable than average (e.g., Google), we would normally expect to see its stock price exceed its book value per share. • d. If a firm is more profitable than most other firms, we would normally expect to see its book value per share exceed its stock price, especially after several years of high inflation. FIN 534 Week 1 Chapter 2 Solution (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • Imagine a startup company of your own and briefly trace its development from a sole proprietorship to a major corporation with a focus on how that development would be financed. FIN 534 Week 1 DQ 1 (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • Discuss ways that the basic concepts we have discussed in this chapter directly impact your life. Provide specific examples to support your response. FIN 534 Week 1 DQ 2 (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • Question 1 • You recently sold 100 shares of your new company, XYZ Corporation, to your brother at a family reunion. At the reunion your brother gave you a check for the stock and you gave your brother the stock certificates. Which of the following statements best describes this transaction? Fin 534 Week 1 Quiz 1 (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • 1. Which of the following statements is CORRECT? • a. The ratio of long-term debt to total capital is more likely to experience seasonal fluctuations than is either the DSO or the inventory turnover ratio. • b. If two firms have the same ROA, the firm with the most debt can be expected to have the lower ROE. FIN 534 Week 2 Chapter 3 Solution (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • 1 1. A $50,000 loan is to be amortized over 7 years, with annual end-of-year payments. Which of these statements is CORRECT? • a. The annual payments would be larger if the interest rate were lower. • b. If the loan were amortized over 10 years rather than 7 years, and if the interest rate were the same in either case, the first payment would include more dollars of interest under the 7-year amortization plan. FIN 534 Week 3 Chapter 4 Solution (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • 1 . Three $1,000 face value bonds that mature in 10 years have the same level of risk, hence their YTMs are equal. Bond A has an 8% annual coupon, Bond B has a 10% annual coupon, and Bond C has a 12% annual coupon. Bond B sells at par. Assuming interest rates remain constant for the next 10 years, which of the following statements is CORRECT? • a. Bond A’s current yield will increase each year. FIN 534 Week 3 Chapter 5 Solution (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • Question 1 • Which of the following statements is CORRECT? • a. Since companies can deduct dividends paid but not interest paid, our tax system favors the use of equity financing over debt financing, and this causes companies’ debt ratios to be lower than they would be if interest and dividends were both deductible. FIN 534 Week 3 Quiz 2 (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • 1. Which of the following statements is CORRECT? • a. If you add enough randomly selected stocks to a portfolio, you can completely eliminate all of the market risk from the portfolio. FIN 534 Week 4 Chapter 6 Solution (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • 1. Which of the following statements is CORRECT? • a. The constant growth model takes into consideration the capital gains investors expect to earn on a stock. • b. Two firms with the same expected dividend and growth rates must also have the same stock price. FIN 534 Week 4 Chapter 7 Solution (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • 1. Which of the following statements is CORRECT? • 1) A time line is not meaningful unless all cash flows occur annually • 2) Time lines are useful for visualizing complex problems prior to doing actual calculations • 3) Time lines cannot be constructed to deal with situations where some of the cash flows occur annually but others occur quarterly FIN 534 Week 4 Quiz 3 (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • 1. Which of the following statements is CORRECT? • a. Put options give investors the right to buy a stock at a certain strike price before a specified date. • b. Call options give investors the right to sell a stock at a certain strike price before a specified date. • c. Options typically sell for less than their exercise value. • d. LEAPS are very short-term options that were created relatively recently and now trade in the market. FIN 534 Week 5 Chapter 8 Solution (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • 1. Which of the following statements is CORRECT? • a. The internal rate of return method (IRR) is generally regarded by academics as being the best single method for evaluating capital budgeting projects. • b. The payback method is generally regarded by academics as being the best single method for evaluating capital budgeting projects. FIN 534 Week 5 Chapter 9 Solution (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • Finance 534 week 5 quiz 4 • Question 1 • Assume that in recent years both expected inflation and the market risk premium (rM • − rRF) have declined. Assume also that all stocks have positive betas. Which of the following would be most likely to have occurred as a result of these changes? • Answer FIN 534 Week 5 Quiz 4 (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • Would it ever be beneficial for an accountant to include ethical standards in a contract? Explain. How about in an information technology system? Explain. FIN 534 Week 6 Chapter 10 Solution (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • . Which of the following statements is CORRECT? • a. An externality is a situation where a project would have an adverse effect on some other part of the firm’s overall operations. If the project would have a favorable effect on other operations, then this is not an externality. FIN 534 Week 6 Chapter 11 Solution (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • Finance 534 week 6 Quiz5 • Question 1 • Call options on XYZ Corporation’s common stock trade in the market. Which of the following statements is most correct, holding other things constant? FIN 534 Week 6 Quiz 5 (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • 1. Which of the following statements 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 the most critical, step in forecasting financial requirements is to forecast future sales. FIN 534 Week 7 Chapter 12 Solution (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • 1. Suppose Leonard, Nixon, & Shull Corporation’s projected free cash flow for next year is $100,000, and FCF is expected to grow at a constant rate of 6%. If the company’s weighted average cost of capital is 11%, what is the value of its operations? • a. $1,714,750 • b. $1,805,000 • c. $1,900,000 • d. $2,000,000 • e. $2,100,000 FIN 534 Week 7 Chapter 13 Solution (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • Finance 534 week 8 quiz 7 • This quiz consist of 30 multiple choice questions. The first 15 questions cover the material in Chapter 12. The second 15 questions cover the material in Chapter 13. Be sure you are in the correct Chapter when you take the quiz. FIN 534 Week 8 Quiz 7 (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • 1. Which of the following statements about dividend policies is CORRECT? • a. Modigliani and Miller argue that investors prefer dividends to capital gains because dividends are more certain than capital gains. They call this the ―bird-in-the hand‖ effect. • b. One reason that companies tend to avoid stock repurchases is that dividend payments are taxed at a lower rate than gains on stock repurchases. FIN 534 Week 8 Chapter 14 Solution (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • 1. Which of the following statements best describes the optimal capital structure? • a. The optimal capital structure is the mix of debt, equity, and preferred stock that maximizes the company’s earnings per share (EPS). • b. The optimal capital structure is the mix of debt, equity, and preferred stock that maximizes the company’s stock price. • c. The optimal capital structure is the mix of debt, equity, and preferred stock that minimizes the company’s cost of equity. FIN 534 Week 8 Chapter 15 Solution (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • Finance 534 week 8 quiz 7 • This quiz consist of 30 multiple choice questions. The first 15 questions cover the material in Chapter 12. The second 15 questions cover the material in Chapter 13. Be sure you are in the correct Chapter when you take the quiz. FIN 534 Week 8 Quiz 7 (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • 1. Swim Suits Unlimited is in a highly seasonal business, and the following summary balance sheet data show its assets and liabilities at peak and off-peak seasons (in thousands of dollars): • Peak Off-Peak • Cash $ 50 $ 30 • Marketable securities 0 20 • Accounts receivable 40 20 • Inventories 100 50 • Net fixed assets 500 500 FIN 534 Week 9 Chapter 16 Solution (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • Question 1 • Which of the following statements about dividend policies is correct? • Question 2 • If a firm adheres strictly to the residual dividend policy, the issuance of new common stock would suggest that FIN 534 Week 9 Quiz 8 (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert 1. In Japan, 90-day securities have a 4% annualized return and 180-day securities have a 5% annualized return. In the United States, 90-day securities have a 4% annualized return and 180-day securities have an annualized return of 4.5%. All securities are of equal risk, and Japanese securities are denominated in terms of the Japanese yen. Assuming that interest rate parity holds in all markets, which of the following statements is most CORRECT? FIN 534 Week 10 Chapter 17 Solution (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • Finance 534 week 10 quiz 9 • Question 1 • Which of the following statements is NOT CORRECT? • Question 2 • Which of the following statements is CORRECT? FIN 534 Week 10 Quiz 9 (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com
FIN 534 tutor Education Expert • Finance 534 week 11 quiz 10 • Suppose DeGraw Corporation, a U.S. exporter, sold a solar heating station to a Japanese customer at a price of 143.5 million yen, when the exchange rate was 140 yen per dollar. In order to close the sale, DeGraw agreed to make the bill payable in yen, thus agreeing to take some exchange rate risk for the transaction. The terms were net 6 months. If the yen fell against the dollar such that FIN 534 Week 11 Quiz 10 (Str Course) FOR MORE CLASSES VISIT www.fin534tutor.com