Archives: Quiz
Accounting Chapter 7 1 Keeping office supplies under lock and key is representative of
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Accounting, 9e (Horngren) Chapter 7 Internal Control and Cash Learning Objective 7-1 1) Internal control is the organizational plan and all the related measures adopted by an entity to safeguard […]
Finance Chapter 23 1 First National The Total original Asset Value a Decline 5b Decline 13c
Copyright © 2015 Pearson Education, Inc. Financial Markets and Institutions, 8e (Mishkin) Chapter 23 Risk Management in Financial Institutions 23.1 Multiple Choice 1) Banks face the problem of ________ in loan markets because bad credit risks are the ones most […]
Finance Chapter 10 Division A should accept only projects with returns greater than 10%
© 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website […]
Accounting Chapter 7 3 Which of the following is the first step in the purchasing and payment process?
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall 53) Please refer to the following bank reconciliation: Please prepare the adjusting entry for the fourth reconciling item (bank service charge.) Answer: Miscellaneous expense 35 Cash 35 Explanation: This question […]
Finance Chapter 22 1 C topic 2 Securities Brokers And Dealers question Status Previous Edition45 Which The
Copyright © 2015 Pearson Education, Inc. Financial Markets and Institutions, 8e (Mishkin) Chapter 22 Investment Banks, Security Brokers and Dealers, and Venture Capital Firms 22.1 Multiple Choice 1) An investment bank is a financial institution that A) bundles small deposits […]
Finance Chapter 10 if the company were to sell a new preferred issue, it would incur a flotation cost
Chapter 10: Cost of Capital M/C Problems Page 371 Multiple Choice: Problems (10-4) Cost of preferred C I Answer: b EASY 65. Bosio Inc.’s perpetual preferred stock sells for $97.50 per share, and it pays an $8.50 annual dividend. If […]
Accounting Chapter 6 2 FIFO produces lower cost of goods sold and higher gross profit than LIFO
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall 28) Santa Fe Tile Company had the following inventory purchases and sales during the month of May. The company uses the periodic inventory method. If Santa Fe uses LIFO costing, […]
Finance Chapter 21 1 Atopic 6 Types Pensions question Status Previous Edition 37 Social Security Aa Fully
Copyright © 2015 Pearson Education, Inc. Financial Markets and Institutions, 8e (Mishkin) Chapter 21 Insurance Companies and Pension Funds 21.1 Multiple Choice 1) The earliest form of insurance was ________ insurance. A) life B) health C) automobile D) property and […]
Finance Chapter 10 1 Capital Sometimes Defined Funds Supplied Firm Investors True False 101 Cost Capital
Chapter 10: Cost of Capital True/False Page 351 (Difficulty Levels: Easy, Easy/Medium, Medium, Medium/Hard, and Hard) Note that there is some overlap between the T/F and the multiple choice questions, as some T/F statements are used in the MC questions. […]
Accounting Chapter 6 1 The lower-of-cost-or-market rule demonstrates accounting conservatism in action
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Accounting, 9e (Horngren) Chapter 6 Merchandising Inventory Learning Objective 6-1 1) The consistency principle states that a business should use the same accounting methods from period to period. Answer: TRUE […]
Finance Chapter 19 2 America The Middle East The Caribbean And London c Mexico The Middle East
Copyright © 2015 Pearson Education, Inc. 63) The process in which people seeking higher interest rates take their money out of financial institutions is called ________. A) capital mobility B) loophole mining C) disintermediation D) deposit jumping Answer: C Topic: […]
Finance Chapter 9 3 84 9a Stock Market Equilibrium Answer Easy 85 9a Stock Market Equilibrium
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Accounting Chapter 6 4 Gross profit is Sales revenue divided by Cost of goods sold
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall 7) Which of the following are clues that a company may have been “cooking the books” by fraudulently increasing their level of net sales? A) Several shipping clerks checked into […]
Finance Chapter 19 1 B topic 2 Financial Innovation And The Growth The Shadow Banking System question
Copyright © 2015 Pearson Education, Inc. Financial Markets and Institutions, 8e (Mishkin) Chapter 19 Banking Industry: Structure and Competition 19.1 Multiple Choice 1) The modern commercial banking system began in America when the A) Bank of the United States was […]
Finance Chapter 9 2 70 Based The Corporate Valuation Model Gay Entertainments Total Corporate Value 1200
Chapter 9: Stocks M/C Problems Page 333 b. $406 c. $428 d. $450 e. $473 © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in […]
Accounting Chapter 6 3 Which inventory valuation model minimizes income tax when costs are rising
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall 2) Given the same purchase and sales data, the three major costing methods will result in three different amounts for Cost of goods sold. Answer: TRUE Diff: 1 LO: 6-4 […]
Finance Chapter 18 1 B topic 2 The 1980s Savings And Loan Banking Crisis question Status
Copyright © 2015 Pearson Education, Inc. Financial Markets and Institutions, 8e (Mishkin) Chapter 18 Financial Regulation 18.1 Multiple Choice 1) During the boom years of the 1920s, bank failures were quite A) uncommon, averaging less than 30 per year. B) […]
Finance Chapter 9 1 Proxy Document Giving One Party The Authority Act For Another Party Including
© 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website […]
Accounting Chapter 5 3 Which of the following is subtracted from Gross profit to arrive at Operating income
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall 8) Which of the following is subtracted from Net sales revenue to arrive at Gross profit? A) Cost of goods available for sale B) Cost of goods sold C) Sales […]
Finance Chapter 17 2 E topic 4 Off balance sheet Activities question Status Previous Edition74 Banka Obtains Funds Borrowing
Copyright © 2015 Pearson Education, Inc. 51) Which of the following do banks hold as insurance against the high cost of deposit outflows? A) Excess reserves B) Secondary reserves C) Bank equity capital D) All of the above E) Only […]
Finance Chapter 8 then an increase in investor risk aversion caused the market risk premium to
Chapter 8: Risk and Return M/C Problems Page 303 a. –0.190 b. –0.211 c. –0.234 d. –0.260 e. –0.286 (8-3) Portfolio beta C N Answer: e MEDIUM 130. You hold a diversified $100,000 portfolio consisting of 20 stocks with $5,000 […]
Accounting Chapter 5 2 The periodic inventory system is normally used for relatively inexpensive goods
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall 17) On November 1, 2012, Everett Janitorial Supply sold merchandise for $5,000, FOB destination, 2/10, n/30. The merchandise cost $3,200. Everett paid transportation costs of $100. On November 6, 2012, […]
Finance Chapter 17 1 Pearson Education Inc29 Banks Largest Source Funds Its a Non transaction Deposit sb Checking Deposit sc
Copyright © 2015 Pearson Education, Inc. Financial Markets and Institutions, 8e (Mishkin) Chapter 17 Banking and the Management of Financial Institutions 17.1 Multiple Choice 1) Which of the following statements is true? A) A bank’s assets are its sources of […]
Finance Chapter 8 2 77 Stock Has Beta 08 Stock Has Beta 10 And Stock Has
Chapter 8: Risk and Return Conceptual M/C Page 283 (8-3) Portfolio risk and return C N Answer: d MEDIUM 77. Stock A has a beta of 0.8, Stock B has a beta of 1.0, and Stock C has a beta […]
Accounting Chapter 5 1 A count of the physical inventory at year-end shows that there is actually
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Accounting, 9e (Horngren) Chapter 5 Merchandising Operations Learning Objective 5-1 1) The periodic inventory system is normally used for relatively inexpensive goods. Answer: TRUE Diff: 1 LO: 5-1 EOC Ref: […]
Finance Chapter 16 1 German Marks Which Avoided The Need For Intervention To support The Value The
Copyright © 2015 Pearson Education, Inc. Financial Markets and Institutions, 8e (Mishkin) Chapter 16 The International Financial System 16.1 Multiple Choice 1) A central bank sale of ________ to purchase ________ in the foreign exchange market results in an equal […]
Finance Chapter 8 1 The Tighter The Probability Distribution Its Expected Future Returns The Greater The
Chapter 8: Risk and Return True/False Page 263 (Difficulty Levels: Easy, Easy/Medium, Medium, Medium/Hard, and Hard) Note that there is some overlap between the T/F and the multiple choice questions, as some T/F statements are used in the MC questions. […]
Accounting Chapter 5 4 The Purchase Was Made February Which The Following Journal Entries Properly Records
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall 2) With a periodic inventory method, it is necessary to conduct a physical count of inventory to determine cost of goods sold. Answer: TRUE Diff: 1 LO: 5-7 EOC Ref: […]
Finance Chapter 15 1 B topic A1 The Interest Parity Condition question Status Previous Edition39 According The
Copyright © 2015 Pearson Education, Inc. Financial Markets and Institutions, 8e (Mishkin) Chapter 15 The Foreign Exchange Market 15.1 Multiple Choice 1) American firms became less competitive compared to foreign firms during the 1980s because A) the quality and productivity […]
Finance Chapter 8 4 0514 13 But 13 More Money Must Invested The Low beta Stock 124
© 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website […]
Accounting Chapter 4 4 Which of the following would be considered the POOREST current ratio
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall 5) The following is the balance sheet for Green Landscaping. Which of the following is the debt ratio? (Round to two decimal places.) A) .39 B) .45 C) 1.04 D) […]
Finance Chapter 14 1 E topic 3 Types Mortgages question Status Previous Edition 27 Which The Following Disadvantage
Copyright © 2015 Pearson Education, Inc. Financial Markets and Institutions, 8e (Mishkin) Chapter 14 The Mortgage Markets 14.1 Multiple Choice 1) Which of the following are important ways in which mortgage markets differ from the stock and bond markets? A) […]
Finance Chapter 7 3 875 Coupon Paid Semiannually 4375 Each Months And Those Bonds Sell Their
Page 258 M/C Problems Chapter 7: Bonds (7-6) Bonds: semiannual EFF% C G Answer: c HARD 91. Kebt Corporation’s Class Semi bonds have a 12-year maturity and an 8.75% coupon paid semiannually (4.375% each 6 months), and those bonds sell […]
Accounting Chapter 4 1 Which of the following statements is TRUE concerning the worksheet
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Accounting, 9e (Horngren) Chapter 4 Completing the Accounting Cycle Learning Objective 4-1 1) The last two columns generally found on the right side of the worksheet are the income statement […]
Finance Chapter 13 1 Common Stock question Status Previous Edition 29 The Ratio Approach Valuing Stock Especially Useful
Copyright © 2015 Pearson Education, Inc. Financial Markets and Institutions, 8e (Mishkin) Chapter 13 The Stock Market 13.1 Multiple Choice 1) (I) A share of common stock in a firm represents an ownership interest in that firm. (II) A share […]
Finance Chapter 7 2 64 Which The Following Statements Correct One Disadvantage Zero Coupon Bonds That
Chapter 7: Bonds Conceptual M/C Page 247 (Comp.) Miscellaneous concepts C G Answer: d MEDIUM 64. Which of the following statements is CORRECT? a. One disadvantage of zero coupon bonds is that the issuing firm cannot realize any tax savings […]
Accounting Chapter 4 3 The post-closing trial balance shows the net income for the period just ended
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall 49) The following is the adjusted trial balance for Tuttle Photography. Account Debit Credit Cash $1,700 Accounts receivable 8,500 Supplies 100 Equipment 7,500 Accumulated depreciation $2,000 Accounts payable 1,200 Salary […]
Finance Chapter 12 1 Atopic Corporate Bonds question Status Previous Edition 39 I Callable Bonds Usually
Copyright © 2015 Pearson Education, Inc. Financial Markets and Institutions, 8e (Mishkin) Chapter 12 The Bond Market 12.1 Multiple Choice 1) Compared to money market securities, capital market securities have A) more liquidity. B) longer maturities. C) lower yields. D) […]
Finance Chapter 7 1 Firm Raises Capital Selling New Bonds Could Called The Issuing Firm And
Chapter 7: Bonds True/False Page 227 (Difficulty Levels: Easy, Easy/Medium, Medium, Medium/Hard, and Hard) Note that there is some overlap between the T/F and the multiple choice questions, as some T/F statements are used in the MC questions. See the […]
Accounting Chapter 4 2 Revenue accounts and expense accounts are closed to the Capital account
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall 3) The following is the adjusted trial balance from the worksheet for Tuttle Photography. Tuttle Photography Worksheet For the Year Ended December 31, 2013 Accounts Debit Credit Cash $15,000 Accounts […]
Finance Chapter 11 1 B topic 4 Money Market Instruments question Status Previous Edition 32 Government Securities Dealers
Copyright © 2015 Pearson Education, Inc. Financial Markets and Institutions, 8e (Mishkin) Chapter 11 The Money Markets 11.1 Multiple Choice 1) Activity in money markets increased significantly in the late 1970s and early 1980s because of A) rising short-term interest […]
Finance Chapter 6 2 56 Suppose The Real Risk free Rate 350 And The Future Rate Inflation
Page 216 M/C Problems Chapter 6: Interest Rates (6-3) Interest rates C H Answer: c EASY 56. Suppose the real risk-free rate is 3.50% and the future rate of inflation is expected to be constant at 2.20%. What rate of […]
Accounting Chapter 3 3 Century Security Services had a new customer come in to their office
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall 89) A business hired a repairman to overhaul their plumbing system. The repairman began working on September 15 and will finish the work on October 15. The business will pay […]
Finance Chapter 10 2 Central Banks Respond Asset price Bubbles Lessons From The global Financial Crisis question Status New
Copyright © 2015 Pearson Education, Inc. 53) If the desired intermediate target is a monetary aggregate, then the preferred operating target will be a(n) ________ variable like the ________. A) interest rate; three-month Treasury bill rate B) interest rate; federal […]
Finance Chapter 6 1 One The Four Most Fundamental Factors That Affect The Cost Money Discussed
(Difficulty Levels: Easy, Easy/Medium, Medium, Medium/Hard, and Hard) The difficulty of these questions as seen by students will depend on (1) what was discussed in class and (2) how long students have to answer the questions. If time is not […]
Accounting Chapter 3 2 What is the effect of the adjusting entry for Depreciation expense
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall 39) The accountant for Noble Jewelry Repair Services forgot to make an adjusting entry for Depreciation expense for the current year. Which of the following is one of the effects […]
Finance Chapter 10 1 Federal Reserve Bank Of Chicago Boston New York San Francisco answer topic
Copyright © 2015 Pearson Education, Inc. Financial Markets and Institutions, 8e (Mishkin) Chapter 10 Conduct of Monetary Policy: Tools, Goals, Strategy, and Tactics 10.1 Multiple Choice 1) Assets on the Fed’s balance sheet include A) government securities and currency in […]
Finance Chapter 5 4 136 516 Comparing Eff Answer Medium This Problem Can Worked Using The
© 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website […]
Accounting Chapter 3 1 Accrual accounting records transactions ONLY when cash is received or paid.
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Accounting, 9e (Horngren) Chapter 3 The Adjusting Process Learning Objective 3-1 1) Accrual accounting records transactions ONLY when cash is received or paid. Answer: FALSE Diff: 1 LO: 3-1 EOC […]
Finance Chapter 9 2 Fed Keep The Inflation Rate Between 15 And 25 Per year Passed Congress
Copyright © 2015 Pearson Education, Inc. 46) The theory of bureaucratic behavior suggests that the Federal Reserve will A) try to avoid a conflict with the president and Congress over increases in interest rates. B) try to gain regulatory power […]