問題一覧
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1. Market Value Added is:
b. the difference between the current market value of the company and invested capital
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2. External financial sources include:
d. sale of share
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9. The Cash Flow from financing activities includes among others:
d. cash inflow from a new loan
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3. Debt financing includes:
b. accrued liabilities
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10. The effective yield of investment (discount rate) at which the net present value is equal to zero is called:
c. Internal rate of return
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11. The illustration of a projects Net present value at various discount rate is called:
d. Investment profile
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4. Lowering the average cost of production when two or more related activities are carried out is called:
c. Economies of Scope
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12. The legal entity (general) partnership is characterized by:
c. the number of owners that is two or more
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5. Equity in the Balance Sheet includes:
c. capital stock
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6. The difference between budgeted sales revenue and the break-even point is called:
c. margin of safety
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13. Equity financing includes:
c. sale of share
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7. Prime cost is also reported as:
a. direct cost
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14. Target sales How many products must be produced and sold in a given period to achieve the target profit of € 9,000? Following cost data is given: Selling Price: € 125/unit Variable cost: € 115/unit Fixed cost: € 16,400/period
b. 2540
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8. Liquidity ratios used in financial analysis include:
c. Cash Ratio
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15. Liabilities in the Balance Sheet include:
a. accounts payable
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16. Reduction in the average cost of production when output is increased is called is called:
b. Economies of Scale
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17. Which of the cost items can be characterized as a fixed cost?
c. energy consumed for heating and lightning
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18. Stability ratios used in financial analysis include:
c. Equity Multiplier
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19. The Cash Flow from investing activities includes among others:
c. purchase property, plant and equipment
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20. The length of time it takes to recover the initial investment is called:
d. Payback Period
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21. In the budgeting process, the quantities that the company plans to sell and the corresponding expected revenues are presented in the:
d. Sales Budget
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22. Economic Profit
c. takes into account both implicit and explicit costs
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23. Marginal cost is:
b. an additional cost corresponding to an additional unit of output
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24. The legal entity limited partnership is characterized by:
d. two groups of partners (general and limited partners)
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25 Contribution Margin:
c. is the difference between revenues (sales) and variable costs
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26. Internal coordinating costs:
a. increase as a firm expands and extends its size
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27. Target sales How many products must be produced and sold in a given period to achieve the target profit of € 5,000? Following cost data is given: selling price: € 90/unit variable cost: € 70/unit fixed cost: € 80,000/period
b. 4250
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28. The relationship between inputs and outputs, which is applied to factors of production, is called:
a. efficiency
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29. Internal financial sources include:
a. retained earnings
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30. Overheads (overhead costs) are also reported as:
d. indirect costs
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31. The Profit and Loss Account (Income Statement) reports all of the following except:
b. economic profit
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32. Stability ratios used in financial analysis include:
d. Equity Multiplier
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33. What item does not affect working capital?
a. Capital Assets
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34. The method providing information about the average profitability that the investment will generate over its life is called:
b. Average Rate of Return
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35. An agreement between independent, otherwise competing companies to regulate the price and sales conditions of the products or services they offer, is called:
b. Cartel
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36. The Degree of Operating Leverage:
d. measures the sensitivity of a company’s profit to its sales
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37. The Cash Flow from operating activities includes among others:
b. cash inflows from sale of goods and services
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38. The effective yield of investment (discount rate) at which the net present value is equal to zero, is called:
c. Internal Rate of Return
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39. Equity in the Balance Sheet includes:
a. retained earnings
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40. Which of the cost items can be characterized as a variable cost?
b. energy consumed for heating and lightning
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41. The margin of safety:
b. is the difference between budgeted sales and the break-even sales
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42. Which of the cost items can be characterized as overhead cost?
d. depreciation of a multi-purpose machine
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43. The break-even point:
a. is the level of sales at which revenues equal total costs
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44. Working Capital is calculated as:
b. current assets minus current liabilities
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45. What is the Economic Order Quantity under the given conditions? Holding cost: € 1.80 per unit Ordering cost: € 90 per order annual demand: 40,000 units
b. 2000
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46. Payables Turnover The ABC Co. reported the following accounting data: Credit Sales: € 109,200 Credit Purchases: € 72,128 Accounts Receivable: beginning: € 8,320 ending: € 11,180 Accounts Payable: beginning: € 6,215 ending: € 8,505 What is its turnover of payables?
d. 9.8
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47. External coordinating costs:
c. decrease as a firm expands and extends its size
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48. Implicit costs are also referred to as:
a. opportunity costs
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49. Costs that are affected by a managerial decision in a particular business situation are called:
a. relevant costs
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50. The legal entity sole trader/sole proprietor is characterized by:
c. unlimited liability
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51. A parent organisation that owns and controls other companies is called:
d. Holding
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52. Internal coordinating costs:
c. increase as a firm expands and extends its size
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53. The ABC Co. reported the following accounting data: Credit Sales: € 92,625 Credit Purchases: € 53,360 Accounts Receivable: beginning: € 8,320 ending: € 11,180 Accounts Payable: beginning: € 6,215 ending: € 8,505 What is its turnover of payables?
a. 7.25
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54. Cost that includes both a variable and a fixed component is called:
b. semi-fixed cost
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55. In the budgeting process, expenses for areas other than manufacturing are presented in the
c. Selling and Administration Budget
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56. The discount rate at which the net present value of two projects is equal is called:
d. Cross-over Rate
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57. What is the Weighted Average Cost of Capital if the firm´s capital is composed as follows: Liabilities: € 30,000 Equity: € 45,000 Total Liabilities and Equity: € 75,000 Cost of debt capital: 7.5% Cost of equity capital: 8.5%
Ans= 8.1%
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58. Investment Decision An investment requires an initial cost of € 12,000 and has the following expected net cash inflows for the four year period. Expected cash inflows: year 1: € 3,200 year 2: € 3,500 year 3: € 3,600 year 4: € 3,500 What is the average rate of return?
Ans=3.75
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59. The minimum selling price of a product in the short-term must cover at least:
b. variable costs
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60. Break-even Point How many products must be produced and sold in a given period to achieve the break-even point? Following cost data is given: selling price: € 90/unit variable cost: € 70/unit fixed cost: € 82,500/period
d. 4125
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61. The Cash Conversion Cycle can be calculated as:
d. Operating cycle less average payment period
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62. Efficiency:
b. is a measure of achieving maximum output with minimum resources
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63. Economies of Scale means:
c. reduction in the average cost of production when output is increased
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64. A common business project of two or more independent companies in a limited and specific way is called:
c. Joint-Venture
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65. The period for which a firm's resources are tied up within an operating cycle is called:
d. Cash conversion cycle
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66. Which of the following methods of evaluating capital investments considers the time value of money?
d. Net Present Value