Exam1-02 Spring 2016 Key 1. A 2. A 3. A 4. A 5. E 6. D 7. B 8. B 9. D 10. B 11. A 12. C 13. E 14. C 15. C 16. C 17. E 18. C 19. B 20. A 21. E 22. C 23. C 24. C 25. E 26. E 27. C 28. C 29. A Form A 30. C 31. A 32. B 33. B 34. E 35. C 36. E 37. E 38. B 39. E 40. A 41. A 42. C 43. C 44. E 45. A 46. A 47. D 48. B 49. C 50. B 51. C 52. B 53. E 54. C 55. E 56. E 57. C 58. A 59. C 60. A Exam1-02 Spring 2016 Summary Category # of Questions AACSB: Analytic 50 AACSB: Ethics 1 Blooms: Analyze 18 Blooms: Remember 20 Blooms: Understand 22 Difficulty: 1 Easy 49 Difficulty: 2 Medium 11 Learning Objective: 01-01 Discuss the basic types of financial management decisions and the role of the financial manager. 3 Learning Objective: 01-02 Identify the goal of financial management. 1 Learning Objective: 01-03 Compare the financial implications of the different forms of business organizations. 9 Learning Objective: 01-04 Describe the conflicts of interest that can arise between managers and owners. 2 Learning Objective: 02-01 Differentiate between accounting value (or "book" value) and market value. 8 Learning Objective: 02-02 Distinguish accounting income from cash flow. 2 Learning Objective: 02-03 Explain the difference between average and marginal tax rates. 2 Learning Objective: 02-04 Determine a firms cash flow from its financial statements. 1 Learning Objective: 02-04 Determine a firms cash flow from its financial statements. 1 Learning Objective: 02-04 Determine a firms cash flow from its financial statements. 1 Learning Objective: 03-01 Standardize financial statements for comparison purposes. 1 Learning Objective: 03-02 Compute and; more important; interpret some common ratios. 11 Learning Objective: 03-03 Assess the determinants of a firms profitability and growth. 1 Learning Objective: 03-03 Assess the determinants of a firms profitability and growth. 1 Learning Objective: 03-03 Assess the determinants of a firms profitability and growth. 1 Learning Objective: 04-01 Determine the future value of an investment made today. 10 Learning Objective: 04-02 Determine the present value of cash to be received at a future date. 2 Learning Objective: 04-03 Calculate the return on an investment. 2 Learning Objective: 04-04 Predict how long it takes for an investment to reach a desired value. 1 Ross - Chapter 01 15 Ross - Chapter 02 15 Ross - Chapter 03 15 Ross - Chapter 04 15 Section: 1.2 3 Section: 1.3 8 Section: 1.4 2 Section: 1.5 1 Section: 1.6 1 Section: 2.1 8 Section: 2.2 2 Section: 2.3 2 Section: 2.4 3 Section: 3.1 1 Section: 3.2 9 Section: 3.3 2 Section: 3.4 3 Section: 4.1 11 Section: 4.2 2 Section: 4.3 2 Topic: Agency conflict 1 Topic: Balance sheet 1 Topic: Capital budgeting 1 Topic: Capital structure 1 Topic: Cash coverage ratio 1 Topic: Cash flow from assets 1 Topic: Cash flow to creditors 1 Topic: Common-size statement 1 Topic: Compounding 1 Topic: Corporation 1 Topic: Current assets 1 Topic: Current ratio 1 Topic: Days sales in receivables 1 Topic: Depreciation 1 Topic: Discounting 1 Topic: DuPont identity 2 Topic: Equity account 1 Topic: Financial leverage 1 Topic: Future value 6 Topic: General partnership 1 Topic: Goal of financial management 1 Topic: Interest on interest 1 Topic: Interest rate compounding 1 Topic: Internal growth rate 1 Topic: Inventory turnover 1 Topic: Limited liability company 1 Topic: Limited partnership 3 Topic: Liquidity 2 Topic: Marginal tax rate 1 Topic: Market value 1 Topic: Net working capital 2 Topic: Noncash item 1 Topic: Operating cash flow 1 Topic: Present value 1 Topic: Price-earnings ratio 1 Topic: Profit margin 1 Topic: Quick ratio 1 Topic: Sarbox 1 Topic: Secondary market 1 Topic: Simple interest 2 Topic: Simple versus compound interest 1 Topic: Sole proprietorship 2 Topic: Sustainable growth rate 2 Topic: Tax computation 1 Topic: Time period 1 Topic: Total debt ratio 1 Topic: Working capital 1