Fin 200 check point week two quiz
- 1. To get this material Click this link https://bitly.com/1xpzZZK This archive file of FIN 200 CheckPoint Week Two Quiz consists of: 1) The partnership form of an organization A. has unlimited life. B. avoids the double taxation of earnings and dividends found in the corporate form of organization. C. usually provides limited liability to the partners. D. simplifies decision making. 2) The Sarbanes-Oxley Act was passed in an effort to A. guarantee outside auditors can control corporate accounting practices. C. ensure that partnerships divide profits among partners in a fair manner. D. control corrupt corporate behavior. 3) The primary disadvantage of accrual accounting is that A. it does not recognize accounts receivable. B. it does not match revenues and expenses in the period in which they are incurred. D. it does not adequately show the actual cash flow position of the firm. 4) A firm's purchase of plant and equipment would be considered a A. source of cash for investment activities. B. use of cash for financing activities. D. use of cash for investment activities. 5) Which of the following is not an asset utilization ratio?
- 2. B. Inventory turnover C. Return on assets D. Average collection period 6) Asset utilization ratios A. are most important to stockholders. B. relate balance sheet assets to income statement sales. C. measure how much cash is available for reinvestment into current assets. D. measures the firm's ability to generate a profit on sales. 7) Refer to the figure above. The firm's fixed asset turnover ratio is B. 2.0x. C. 1.6x. D. 1.3x. 8) The Bubba Corp. had earnings before taxes of $200,000 and sales of $2,000,000. If it is in the 50% tax bracket its after-tax profit margin is: A. 20% B. 5% C. 12% D. 25% Business - General Business Read the Closing Case section of Ch. 8, Meltdown at JetBlue, in the text. Select whether you believe the problems was with the management issues or the technical issues. Develop and Write your own position statement between 200 to 300 words defending why you think the problem was NOT the one you selected. Write a 200-word paragraph summarizing your thoughts on
- 3. the issues that contributed to the service shutdown. What would you have done differently? Format your paper consistant with APA Guidelines Rubric Write a position statement on who the fault was by: Position statement is clear, aligns with readings and is inbetween 200- 300 words: Total: 12points Discus what they should have done differently and how the non fault group could have helped. 200-300 words Total: 12points At least one reference is used and is cited in a Reference list: Total: 3 points Writing is in an academic form with proper APA type organization and formatting. Grammar has little to no errors: Total: 3 points Try studying for exams with your friends. Studying alone can be beneficial, but there is strength in numbers, especially when others need to learn the same material as you. Try setting up a schedule and picking a place to meet that works for everyone. Do this regularly can help everyone involved do well on their exams.... https://bitly.com/1xpzZZK