A the value of current assets is equal to the value of inventory. B the value of current assets is equal to the value of current liabilities. C the value of current liabilities is more than the value of current assets. D the value of current liabilities is equal to the value of inventory. E the value of inventory is more than the value of current assets.
Bicksler Corporation has a current ratio of 2. On 22nd July, Bicksler purchased and received raw materials on credit from its supplier. Assuming all other things are equal, how will this transaction affect the current ratio of Bicksler?
A The current ratio will increase. B The current ratio will decrease. C The current ratio will become equal to its quick ratio. D The quick ratio will become more than its current ratio. E The current ratio will remain the same. The first step in a financial analysis of a company includes: A ratio analysis.
B pro forma balance sheet construction. C statement of cash flows construction. D profit and loss analysis. E pro forma income statement construction Answer : A. A firm obtains the funds needed to pay its current bills from its: A current liabilities.
B long-term assets. C long-term liabilities. D equity. Which of the following ratios is calculated to determine the liquidity of a firm? The balance sheet of Crimpson Solutions Ltd. Which of the following ratios measures how effectively a firm is managing its assets? A profit margin, current ratio, fixed charge coverage ratio B quick ratio, debt ratio, time interest earned C inventory turnover ratio, days sales outstanding, fixed asset turnover ratio D total assets turnover ratio, price earnings ratio, return on total assets E time interest earned, profit margin, fixed asset turnover ratio Answer : C.
The days sales outstanding DSO ratio of a firm identifies: A the average length of time a firm must wait after making a credit sale before receiving cash.
B how effectively the firm uses its plant and equipment to help generate sales. D the profit earnings per dollar of sales.
A low inventory turnover ratio suggests that: A the firm is using the first-in first-out FIFO method of inventory valuation. B the cost of inventory of the firm is lower than that of the similar firms. C the firm is holding excess stocks of inventory. D the inventory of the firm is sold and restocked very often. E the firm purchases all its inventory on credit. The days sales outstanding DSO ratio of the firm is: A 48 days.
B 52 days. C 39 days. An inventory turnover ratio of 8. B the value of the inventory of the firm is 8. C the value of sales of the firm is 8. D the firm will restock its inventory every 42 days. E the firm pays for its inventory once in 42 days. The net fixed assets of Auburn Media Ltd. A Firms with relatively low debt ratios have higher expected returns when business is good. B Firms with relatively low debt ratios are exposed to more risk as compared to firms with relatively high debt ratios, when business is poor.
C Firms with relatively high debt ratios have higher expected returns when business is bad. D Firms with relatively high debt ratios have higher expected returns when business is good. E Firms with relatively low debt ratios have higher expected returns when business is poor.
The extent to which the operating income can decline before a firm is unable to meet its annual interest costs can be found in: A the fixed charge coverage ratio. B the debt ratio. C the times-interest-earned ratio. D the return on equity. E the profit margin. B 10 times. C 7 times. D 11 times. E 20 times. If the company does not maintain a TIE ratio of at least 4 times, its bank will refuse to renew its loan, and bankruptcy will result.
Which of the following ratios recognizes that many firms lease rather than buying a long-term asset? B 1 minus the debt ratio. C the times interest earned plus 1. D the debt ratio minus the dividends paid. E the fixed charge coverage ratio minus 1. Get Free Cfin 5 Textbook and unlimited access to our library by created an account.
Fast Download speed and ads Free! The book comprises the fundamentals of the numerical simulation of fluid flows as well as the modelling of a power plant and plant components. The fundamental equations for heat and mass transfer will be prepared for the application in the numerical simulation.
Selected numerical methods will be discussed in detail. Regulation and controller, simplified models and hybrid models as well as the validation of measurement data are also included in the book. This option is perfect for those students who focus on the textbook as their main course resource.
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Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version. Markov chains make it possible to predict the future state of a system from its present state ignoring its past history.
Surprisingly, despite the widespread use of Markov chains in many areas of science and technology, their applications in chemical engineering have been relatively meager. A possible reason for this phenomenon might be that books containing material on this subject have been written in such a way that the simplicity of Markov chains has been shadowed by the tedious mathematical derivations. Thus, the major objective of writing this book has been to try to change this situation.
There are many advantages, detailed in Chapter 1, of using the discrete Markov-chain model in chemical engineering. Probably, the most important advantage is that physical models can be presented in a unified description via state vector and a one-step transition probability matrix. Consequently, a process is demonstrated solely by the probability of a system to occupy or not occupy a state. The book has been written in an easy and understandable form, where complex mathematical derivations are abandoned.
The fundamentals of Markov chains are presented in Chapter 2 with examples from the bible, art and real life problems. An extremely wide collection is given of examples viz. It follows in the tradition of previous conferences in the series in exploring the connections between industry, research and education. These proceedings represent ongoing reflections within the academic community on established information systems topics and emerging concepts, approaches and ideas.
It is hoped that the papers herein contribute towards disseminating research and improving practice. At the beginning of the s research started in how to combine soft comput ing with reconfigurable hardware in a quite unique way. One of the methods that was developed has been called evolvable hardware.
Thanks to evolution ary algorithms researchers have started to evolve electronic circuits routinely. A number of interesting circuits - with features unreachable by means of con ventional techniques - have been developed. Evolvable hardware is quite pop ular right now; more than fifty research groups are spread out over the world.
Evolvable hardware has become a part of the curriculum at some universi ties. Evolvable hardware is being commercialized and there are specialized conferences devoted to evolvable hardware. On the other hand, surprisingly, we can feel the lack of a theoretical background and consistent design methodology in the area. Furthermore, it is quite difficult to implement really innovative and practically successful evolvable systems using contemporary digital reconfigurable technology.
This book covers all areas of library literature that inform the history of librarianship and ranges over multiple continents. But, chances are that you would be inclined to maximize your personal satisfaction, which does not preclude you from maximizing the value of the business. No agency problem exists in a proprietorship, because there is only one owner, and he or she is the person who makes the day-to-day business decisions.
Also, the interest on debt is tax deductible, which provides a further advantage. However, 1 greater use of debt will have a negative impact on the stockholders if the company's return on assets falls below the cost of debt, and 2 increased use of debt increases the chances of going bankrupt. The effects of the use of debt, called "financial leverage," are spelled out in detail in Chapter In general, corporate governance relates to the manner in which a firm is operated.
All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. If a firm does not have a good corporate governance policy—that is, a good set of rules to follow—then there is a chance that management might behave unethically—either intentionally or unintentionally—at some point.
Taking into account differential labor costs abroad, transportation, tax advantages, and so forth, U. There are also nonprofit behavioral and strategic considerations, such as maximizing market share and enhancing the prestige of corporate officers. The general techniques and concepts applied by purely domestic firms are valid for multinational firms. These factors, however, increase the risks that multinational firms face when making financial decisions.
Simply stated, finance deals with how firms generate and use funds. To do a good job, people must understand how all four of the areas of finance are related. For example, publicly-traded firms raise money in the financial markets, which means financial managers must understand the financial markets.
Likewise, persons who work in the financial markets must understand the needs of publicly-traded firms and of investors to ensure they are offering the right financial products.
The advantages of the first two include the ease and low cost of formation. The advantages of the corporation include limited liability, indefinite life, ease of ownership transfer, and access to capital markets. The disadvantages of proprietorships and partnerships are 1 difficulty in obtaining large sums of capital; 2 unlimited personal liability for business debts; 3 limited life; and 4 difficulty of transferring ownership. The disadvantages of a corporation are 1 double taxation of earnings and 2 setting up a corporation and filing required state and federal reports are complex and time-consuming.
The hybrid forms of business generally include the advantages of partnerships and corporations in one business.
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