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In enterprise risk management, which of the following comments addresses a company’s commitment to core values according to the Committee of Sponsoring Organizations (COSO) of the Treadway Commission?CorrectIncorrect
For a $20,000 promissory note there is a stated rate of 8% with interest payments to be paid semiannually. There is a loan origination fee of $100 and a documentary tax of $50 assessed by the state.
What is the annual percentage rate?CorrectIncorrect
The cost of common stock for XYZ company is 9.4%, the cost of preferred stock is 7.8%, and the weighted interest rate on the company debt is 5%. Assume that the market value percentages of each component of the capital structure are 55% common stock, 20% preferred stock, and 25% debt. The corporate tax rate is 30%.
What is XYX company’s Weighted Average Cost of Capital (WAAC)?CorrectIncorrect
Utilize the capital asset pricing model (CAPM) to calculate the rate of return for the below facts.
Beta = 1.15
Market Return – 15%
Risk Free Rate = 6%CorrectIncorrect
XYZ Corp capital structure is defined below:
Debenture bonds = $15,000,000
Preferred Equity = $5,000,000
Common Equity = $44,000,000
The financial leverage of XYZ Corp. would increase as a result of:CorrectIncorrect
True or False – A company wants to have a high quick ratio when doing financial analysis at year end?CorrectIncorrect
ABC Corp. sells 5,000 widgets per year. The widgets are manufactured in groups of 1,000 and requires 4 weeks lead time for production. ABC Corp also maintains an absolute minimum safety stock of 800.
Assuming 50 week year, and constant demand, compute ABC Corp’s re-order point for widgets.CorrectIncorrect
Out of the following cases, which one would make a company reduce the amount of average inventory?CorrectIncorrect
True or False: Process costing is a method of product costing that averages costs and applies them to a large number of homogeneous items?CorrectIncorrect
Assume the following information:
Work-in-process, beginning balance = 300 units, 25% complete
Unites completed and transferred out = 500 units
Work in process, ending = 100 units, 40% complete
Compute the equivalent units of production using the FIFO method and the weighted average cost method.
Equivalent Units of Production FIFO Equivalent Units of Production A 550 420 B 540 465 C 550 475 D 600 600CorrectIncorrect