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The cash flow related to interest payments less any net new borrowing is called the:
Correct answer(s):
- cash flow to creditors.
Cash flow from assets is also known as the firm’s:
Correct answer(s):
- free cash flow.
Which term relates to the cash flow which results from a firm’s ongoing, normal business activities?
Correct answer(s):
- operating cash flow
The cash flow of a firm which is available for distribution to the firm’s creditors and stockholders is called the:
Correct answer(s):
- cash flow from assets.
The ____ tax rate is equal to total taxes divided by total taxable income.
Correct answer(s):
- average
The percentage of the next dollar you earn that must be paid in taxes is referred to as the _____ tax rate.
Correct answer(s):
- marginal
Non cash items refer to:
Correct answer(s):
- expenses which do not directly affect cash flows.
Which one of the following is the financial statement that summarizes a firm’s revenue and expenses over a period of time?
Correct answer(s):
- income statement
The common set of standards and procedures by which audited financial statements are prepared is known as the:
Correct answer(s):
- Generally Accepted Accounting Principles.
Net working capital is defined as:
Correct answer(s):
- current assets minus current liabilities.
Which one of the following is the financial statement that shows the accounting value of a firm’s equity as of a particular date?
Correct answer(s):
- balance sheet
Which one of the following statements concerning NASDAQ is FALSE?
Correct answer(s):
- NASDAQ is an auction market.
Which one of the following statements is correct concerning the NYSE?
Correct answer(s):
- The listing requirements for the NYSE are more stringent than those of NASDAQ.
Shareholder A sold shares of Maplewood Cabinets stock to Shareholder B. The stock is listed on the NYSE. This trade occurred in which one of the following?
Correct answer(s):
- secondary, auction market
Which one of the following statements concerning stock exchanges is correct?
Correct answer(s):
- Some large companies are listed on NASDAQ.
Which one of the following statements is generally correct?
Correct answer(s):
- Auction markets match buy and sell orders.
Public offering of debt and equity must be registered with which one of the following?
Correct answer(s):
- Securities and Exchange Commission
Shareholder A sold 500 shares of ABC stock on the New York Stock Exchange. This transaction:
Correct answer(s):
- was facilitated in the secondary market.
Which one of the following is a primary market transaction?
Correct answer(s):
- sale of a new share of stock to an individual investor
Which one of the following parties has ultimate control of a corporation?
Correct answer(s):
- shareholders