Exam1 Fall 2015 Key 1. A 2. B 3. A 4. E 5. C 6. E 7. A 8. D 9. D 10. A 11. B 12. C 13. E 14. E 15. A 16. D 17. C 18. A 19. D 20. D 21. B 22. B 23. D 24. D 25. E 26. E 27. A 28. B 29. E Version A 30. D 31. B 32. E 33. A 34. B 35. C 36. E 37. C 38. D 39. E 40. C 41. A 42. E 43. C 44. E 45. B 46. C 47. B 48. E 49. B 50. D 51. D 52. B 53. D 54. A 55. A 56. E 57. D 58. D 59. B 60. A Exam1 Fall 2015 Summary Category # of Questions AACSB: Analytic 19 AACSB: Ethics 2 Blooms: Analysis 1 Blooms: Analysis 1 Blooms: Analysis 1 Blooms: Analysis 1 Blooms: Analysis 1 Blooms: Analysis 1 Blooms: Analysis 2 Blooms: Analysis 1 Blooms: Analysis 1 Blooms: Analysis 1 Blooms: Analysis 1 Blooms: Analysis 1 Blooms: Analysis 1 Blooms: Analysis 3 Blooms: Analysis 1 Blooms: Analysis 1 Blooms: Comprehension 2 Blooms: Comprehension 1 Blooms: Comprehension 1 Blooms: Comprehension 1 Blooms: Comprehension 1 Blooms: Comprehension 1 Blooms: Comprehension 2 Blooms: Comprehension 1 Blooms: Comprehension 2 Blooms: Comprehension 1 Blooms: Comprehension 1 Blooms: Comprehension 1 Blooms: Comprehension 1 Blooms: Comprehension 1 Blooms: Comprehension 1 Blooms: Comprehension 1 Blooms: Comprehension 1 Blooms: Comprehension 1 Blooms: Comprehension 2 Blooms: Comprehension 1 Blooms: Comprehension 2 Blooms: Comprehension 1 Blooms: Knowledge 1 Blooms: Knowledge 1 Blooms: Knowledge 1 Blooms: Knowledge 1 Blooms: Knowledge 1 Blooms: Knowledge 1 Blooms: Knowledge 1 Blooms: Knowledge 1 Blooms: Knowledge 1 Blooms: Knowledge 2 Blooms: Knowledge 1 Blooms: Knowledge 2 Difficulty: Basic 46 Difficulty: Intermediate 14 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 3 Learning Objective: 02-01 Differentiate between accounting value (or "book" value) and market value. 9 Learning Objective: 02-02 Distinguish accounting income from cash flow 1 Learning Objective: 02-03 Explain the difference between average and marginal tax rates 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: 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 importantly; interpret some common ratios. 10 Learning Objective: 03-03 Assess the determinants of a firms profitability and growth 2 Learning Objective: 03-03 Assess the determinants of a firms profitability and growth 1 Learning Objective: 03-04 Identify and explain some of the problems and pitfalls in financial statement analysis. 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. 3 Learning Objective: 04-03 Calculate the return on an investment. 2 Ross - Chapter 01 16 Ross - Chapter 02 14 Ross - Chapter 03 15 Ross - Chapter 04 15 Section: 1.1 1 Section: 1.2 2 Section: 1.3 7 Section: 1.4 2 Section: 1.5 2 Section: 1.6 2 Section: 2.1 9 Section: 2.2 1 Section: 2.3 1 Section: 2.4 3 Section: 3.1 1 Section: 3.2 10 Section: 3.4 3 Section: 3.5 1 Section: 4.1 10 Section: 4.2 3 Section: 4.3 2 Topic: Agency conflict 2 Topic: Balance sheet 1 Topic: Capital structure 1 Topic: Cash coverage ratio 1 Topic: Cash flow from assets 2 Topic: Common-size percent 1 Topic: Compounding 1 Topic: Corporation 2 Topic: Current ratio 2 Topic: Dealers 1 Topic: Discounting 1 Topic: Finance areas 1 Topic: Financial statement analysis 1 Topic: Free cash flow 1 Topic: Future value 6 Topic: General partnership 1 Topic: Goal of financial management 1 Topic: Income statement 1 Topic: Interest on interest 1 Topic: Interest rate 1 Topic: Internal growth rate 3 Topic: Inventory turnover 1 Topic: Limited liability company 1 Topic: Limited partnership 2 Topic: Liquidity 2 Topic: Market value 2 Topic: Net fixed assets 1 Topic: Net working capital 3 Topic: Owners equity 1 Topic: Present value 2 Topic: Price-earnings ratio 1 Topic: Primary market 1 Topic: Quick ratio 1 Topic: Return on equity 1 Topic: Rule of 72 1 Topic: Sarbox 1 Topic: Simple interest 2 Topic: Sole proprietorship 1 Topic: Tax computation 1 Topic: Times interest earned 1 Topic: Total debt ratio 1 Topic: Working capital 1