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1. (TCO 1) Which of the following statements is true regarding the goal of financial management? (Points: 3), A US company considering international operations will have a different goal than a company that only conducts operations in the US. , The firm’s structure (i.e. corporation, sole proprietorship, partnership) is not relevant to the goal of financial management. , A way of aligning management goals to shareholder’s interest is to tie managerial compensation to the market value of the firm’s stock. , None of the above are true. ,,,2. (TCO 1) Market value is important to the financial manager because: (Points: 3), It reflects the value of the asset based on generally-accepted accounting principles. , Is a crucial component of the balance sheet and can impact the financial statements. , Market values reflect the amount someone is willing to pay today for an asset. , The market value of an asset reflects its historical cost. ,,,3. For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows:,Cost of goods sold…………………………. $1.2 million ,Administrative expenses…………………… $250,000,Marketing and selling expenses…………… $175,000,Depreciation…………………………………. $500,000,Interest expense……………………………. $200,000,Dividends paid………………………………. $150,000,(TCO 1) Suppose that Sports Baseball has 30,000 shares of stock. Assume a tax rate of 30%. What is the EPS figure?,,(Points: 3), 8.50 , 8.75 , 9.0 , 9.15 ,,,4. For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows:,Cost of goods sold…………………………. $1.2 million ,Administrative expenses…………………… $250,000,Marketing and selling expenses…………… $175,000,Depreciation…………………………………. $500,000,Interest expense……………………………. $200,000,Dividends paid………………………………. $150,000,(TCO 1) Assuming a tax rate of 30%, what is the operating cash flow for the year?,,(Points: 3), $1,260,000 , $962,000 , $962,500 , $1,265,000 , Can not be determined with the information given ,,,5. For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows:,Cost of goods sold…………………………. $1.2 million ,Administrative expenses…………………… $250,000,Marketing and selling expenses…………… $175,000,Depreciation…………………………………. $500,000,Interest expense……………………………. $200,000,Dividends paid………………………………. $150,000,(TCO 1) Select all items that will be included in Sports Baseballs, Inc. Income Statement. For this exercise you will be choosing more than one option for your answer:,,(Points: 3), Accounts receivable , Cost of goods sold , Net working capital , Interest expense , Taxes , Current assets , Short-term loans , Cash on hand , Inventory ,,,6. (TCO 1) Which one of the following activities best exemplify capital budgeting. For this exercise you will be choosing more than one option for your answer: (Points: 6), Identify three good investment opportunities for the firm. , Obtain a short-term loan to purchase materials. , Evaluate the level of risk of a project. , Sale long-term bonds to raise funds. , Determine the return of a potential project. ,,7. (TCO 1) Match the following terms with the examples as appropriate: (Points: 4),Matching:,Answer Potential Matches:,: Insider trading 1: McDonald’s work to redesign packaging items with recyclable materials. ,2: Microsoft’s monopolistic behavior.,3: Martha Stewart’s sale of ImClone stock as result of information provided by the company’s CEO before an announcement was made public that significantly decrease ImClone’s stock price. ,4: Parmalat’s deliberate fraudulent accounting practices. ,5: established an oversight board responsible for improving auditing standards within companies.,: Social responsibility ,: Sarbanes-Oxley Act ,: Fraud ,: Antitrust case ,,,8. (TCO 1) Can you provide some examples of situations in which business ethics play a role in the financial management process? (Points: 5)

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