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Financial Management Quiz 23 (30 MCQs)

Quiz Instructions

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1. Powee Company uses the indirect method in determining the net cash provided by operating activities. During the year, its net income was P105, 600, its accounts payable decreased by P8, 000, its inventory increased by P4, 800, and its accounts receivable decreased by P9, 600. How much is the net cash provided by operations?
2. The focal point of financial management in a firm is:
3. I am going to buy a new bike.
4. Bharat Express' specialises in Courier Services and helps business firms to make sure that the goods are made le to the customers at the right place and at the right time. What will be the working capital requirement of the company?
5. The capital structure decision involves:
6. I am opening a new bank account today to deposit my birthday money.
7. This is the oldest and common and simplest form of business organization
8. ..... offer members credit cards, checking accounts, low-interest loans, and high interest savings accounts.
9. Fill in the Blank:Medicaid is a ..... health insurance program to help people who cannot afford health care costs.
10. Jerry's gross pay was $ 525.00. He had the following deductions taken from his pay check (Federal Income Tax $ 78.75, State Income Tax $ 36.75, FICA $ 40.16) What is his Net Pay?
11. What financial evaluation methods are commonly used by financial managers to evaluate potential investments?
12. An ..... is a review of the financial statements of business and the accounting practices that were used to produce them .....
13. An owner of shares in a company
14. Which of the following is typically considered an agency cost?
15. What financial concept deals with the relationship between risk and return and is essential for making investment decisions?
16. Business finance is a part of
17. Which of the following bond that carries high yield and high risk?
18. The particular combination of debts & Equity
19. What is the difference between Single & Double Entry financial recording?
20. Type of income tax that is levied on income of individuals, household's partnership and sole-proprietorship.
21. Pertains to Current Assets and Liabilities
22. Internal Rate of Return (IRR) to all capital providers is equal:
23. For which of the following reason(s) profit maximization concept is criticized-1. It is vague conceptually.2. It ignores the timing of returns.3. It ignores the risk factor4. Its emphasis is generally on short-run projects. Select the correct answer from the options given below.
24. Returns after tax and before depreciation is taken in
25. The board of directors is responsible for managing day to day operation of business and carrying out the policies established by CEO.
26. How many 'C's are taken into the consideration while deciding the credit policy of customer?
27. Stocks, bonds and swaps are examples of .....
28. The optimal capital structure is the one that ..... the price of the firm's stock, and this generally calls for a Debt/Capital Ratio that is ..... the one that maximizes expected EPS.
29. If net credit sales for a given year are RM600, 000 and the average accounts receivable is RM60, 000, what is the average days to collect receivables? (assume 360-days per year)
30. At what rate of Corporate Income Tax (CIT) for 2015/2016 has been set to?
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