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# Exam 1 Fin370 Essay

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Exam1 FIN370 Winter 2012 Key Version A
1. Lisa deposits \$2,500 into an account paying 5 percent interest, compounded annually. At the same time, Jill deposits \$2,500 into an account paying 2.5 percent interest, compounded annually. At the end of five years:
A. Lisa will have earned exactly twice the amount of interest as Jill earned.
B. Jill will have earned more interest than Lisa.
C. Both Lisa and Jill will have earned the same amount of interest.
D. Lisa will have earned more than twice the amount of interest that Jill earned.
E. Lisa will have earned somewhere between 1 and 2 times the amount of interest that Jill earned.

BLOOMS TAXONOMY QUESTION TYPE: COMPREHENSION
LEARNING OBJECTIVE NUMBER: 1
LEVEL OF DIFFICULTY: INTERMEDIATE
Ross - Chapter 004 #19
SECTION: 4.1
TOPIC: FUTURE VALUE
TYPE: CONCEPTS

2. Walther Enterprises has accounts receivable of \$52,700, total assets of \$269,250, cost of goods sold of \$147,900 and a capital intensity ratio of 1.25. What is the accounts receivables turnover rate?
A. 2.81
B. 1.28
C. 4.09
D. 2.04
E. 3.66

BLOOMS TAXONOMY QUESTION TYPE: APPLICATION
LEARNING OBJECTIVE NUMBER: 2
LEVEL OF DIFFICULTY: INTERMEDIATE
Ross - Chapter 003 #64
SECTION: 3.2
TOPIC: ACCOUNTS RECEIVABLE TURNOVER
TYPE: PROBLEMS

3. You have \$2,000 today and want to quadruple your money in 10 years. What interest rate must you earn?
A. 23.11 percent
B. 11.61 percent
C. 7.18 percent
D. 14.87 percent
E. 20.13 percent

BLOOMS TAXONOMY QUESTION TYPE: APPLICATION
LEARNING OBJECTIVE NUMBER: 3
LEVEL OF DIFFICULTY: BASIC
Ross - Chapter 004 #50
SECTION: 4.3
TOPIC: INTEREST RATE
TYPE: PROBLEMS

4. Which of the following will increase the liquidity level of a firm?
I. the purchase of inventory for cash
II. the sale of inventory on credit
III. the sale of inventory for cash
IV. the collection of accounts receivable
A. III only
B. I, II, and III only
C. III and IV only
D. IV only
E. II, III, and IV...

• Submitted by: mvickypen1
• on October 5, 2012
• Length: 4,583 words
• Views: 516
• Popularity Rank: 168736
• 1 rating(s)

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Exam 1 Fin370. Anti Essays. Retrieved December 9, 2018, from the World Wide Web: http://parimatch-stavka7.com/free-essays/Exam-1-Fin370-320092.html

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