Bus 379 Midterm Essay

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Page 1 of 7 Grading Summary These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Question Type: Multiple Choice Many Multiple Choice Short Grade Details - All Questions Page: Date Taken: Time Spent: Points Received: # Of Questions: 31 1 4 8/5/2012 1 h , 12 min , 27 secs 115 / 130 (88.5%) # Correct: 26 1 N/A 1 2 3 (TCO 1) What is the goal of financial management for a sole proprietorship?      decrease long-term debt to reduce the risk to the owner      maximize net income given the resources of the firm       maximize the market value of the equity      minimize the tax impact on the proprietor      minimize costs and increase production 1. Question : Student Answer: Instructor Explanation: Points Received: Comments: Chapter 1, Page 11 3 of 3 2. Question : (TCO 1) Working capital management includes which of the following?      establishing the inventory level      deciding when to pay suppliers      determining the amount of cash needed on a daily basis      establishing credit terms for customers       all of the above Student Answer: Instructor Explanation: Points Received: Comments: Chapter 1, Page 6, Week 1 Lecture 3 of 3 3. Question : (TCO 1) Market value is important to the financial manager because: https://takeexam.next.ecollege.com/(NEXT(94c66fa0e9))/Main/CourseMode/StudentGrade... 8/7/2012 Student Gradebook Exam Page 2 of 7 Student Answer:      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 value reflects the amount someone is willing to pay today for an asset.
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