Log in
HomeStudy Guides420,000CA160,000

BUS 320 Study Guide - Accounts Payable, Retained Earnings, Promissory Note

216 views5 pages
School
Simon Fraser University
Department
Business Administration
Course
BUS 320
Professor
Amir Azaran

For unlimited access to Study Guides, a Grade+ subscription is required.

Document Summary

1) a firm"s financing and investment policy decisions cannot be made independently from one another. a) true b) false. Sales forecasts a) i, ii, iii, and iv b) i, ii, iv, and vi c) ii, iii, iv, and vi d) iii, iv, and vi e) i, ii, iii, iv, v, and vi. The correct answer is d. feedback: 92-93: by assuming that fixed assets change proportionally with sales, we are essentially assuming that the firm"s assets are operating at full capacity. a) true b) false. Feedback: pp92-93, second sentence under sub-section excess capacity scenario. : in 2009, jordan & sons company has sales of ,000 and costs (inclusive of interest expenses and depreciation) of ,000. The company has a marginal tax rate of 40% and it pays out 60% of its net income in the form of cash dividends. Assume that all costs, all assets, and accounts payable vary directly with sales.

Get access

Grade+
$40 USD/m
Billed monthly
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
10 Verified Answers

Related Documents

ADMS 4540 Chapter Notes - Chapter 4: Planning Horizon, Financial Plan, Dividend Policy
raspberrymouse643
Management and Organizational Studies 2310A/B Chapter Notes - Chapter 4: Financial Plan, Planning Horizon, Capital Budgeting
beigeant56
FIN 300 Lecture Notes - Lecture 4: Capital Budgeting, Financial Statement, Dividend Policy
purplecrab996

Related Questions

Which of these statements about corporate bonds is correct? 
A. Bonds provide equity financing.
B. Issuing new bonds dilutes the existing ownership in the firm.
C. Interest paid to bondholders represents a tax-deductible business expense.
D. Debenture bonds require assets pledged as collateral.

 

The difference between a company's strategy and a company's business model is that

A)a company's strategy is the plan for achieving strategic objectives while its business model is the plan for achieving financial objectives.

B)the strategy concerns how to compete successfully and the business model concerns how to operate efficiently.

C)a company's strategy is management's game plan for realizing the strategic vision whereas a company's business model is the game plan for accomplishing the business purpose or mission.

D)strategy relates broadly to a company's competitive moves and business approaches (regardless of the financial outcomes it produces) while the term business model relates to whether the revenues and costs flowing from the strategy demonstrate that the business is viable from a profit perspective.

E)a company's strategy concerns how to please customers while its business model concerns how to please shareholders

Which of the following statements is true of business ethics?
a. Ethical behavior can not only enhance a company's reputation but can also drive profits.
b. Conducting business in an ethical manner does not influence the financial performance of a company.
c. Social responsibility is directed only toward a company's customers and not its employees.
d. Social responsibility in business is less important than satisfying shareholders.
e. Business ethics is not relevant to nonprofit organizations.