Review Test Submission: Quiz 7 Course Prin Of Finance • Question 1 The depreciation method currently used for tax purposes today is called the: • Question 2 Current liabilities would

Review Test Submission: Quiz 7 Course Prin Of Finance •  Question 1 The depreciation method currently used for tax purposes today is called the: •  Question 2 Current liabilities would not include: •  Question 3 On the income statement, net profit after tax is defined as: •  Question 4 would be recorded in the common stock account on the balance sheet if 20,000 shares are issued at a par value of $2 and the market value is $5? •  Question 5 The goal of a business should be: •  Question 6 The term ___________ conveys a relationship of equality between the assets of the business and the sources of funds for their acquisition. •  Question 7 The actual disbursement of cash is recorded in which of the following financial statements? •  Question 8 Of the following forms of business organization, which have the advantage of limited liability but no stockholders? •  Question 9 The average tax rate on a corporation with $75,000 in income and a tax liability of $15,000 is: •  Question 10 Which of the following business organizations limit the liability of some or all of their owners to the extent of their investment in the company? •  Question 11 The equity multiplier is calculated as: •  Question 12 Cost-volume-profit analysis can be used to estimate the firm’s operating profits at different levels of: •  Question 13 The ability of a firm to meet its short-term debt obligations as they come due is indicated by which of the following ratios: •  Question 14 Which one of the following types of ratios indicates the ability to meet short-term obligations to creditors as they come due? •  Question 15 Which one of the following financial statements reports a firm’s assets and the claims on assets? •  Question 16 The _______________ ratio is computed as earnings before interest and taxes divided by interest expense: •  Question 17 Which group of ratios might be most interesting to potential creditors of a firm? •  Question 18 If a firm’s variable cost per unit increases, the firm’s operating breakeven point will •  Question 19 A firm’s sales forecast is usually based on •  Question 20 The extent to which assets are financed by borrowed funds and other liabilities is indicated by: