An organization would usually offer credit terms of 2/10, net 30 when:
A. Most competitors are offering the same terms, and the organization has a shortage of cash.
B. The cost of capital approaches the prime rate.
C. Most competitors are not offering discounts, and the organization has a surplus of cash.
D. The organization can borrow funds at a rate less than the annual interest cost.
正解:A
解説: (Pass4Test メンバーにのみ表示されます)
質問 2:
Tennis rackets and tennis balls are:
A. Independent goods.
B. Substitute goods.
C. Inferior goods.
D. Complementary goods.
正解:D
解説: (Pass4Test メンバーにのみ表示されます)
質問 3:
Which of the following statements is correct with respect to a limited partnership?
A. A limited partner may not be an unsecured creditor of the limited partnership.
B. A general partner may not also be a limited partner at the same time.
C. A limited partnership can be formed with limited liability for all partners.
D. A general partner may be a secured creditor of the limited partnership.
正解:D
解説: (Pass4Test メンバーにのみ表示されます)
質問 4:
Lawson Inc. is expanding its manufacturing plant, which requires an investment of $4 million in new
equipment and plant modifications. Lawson's sales are expected to increase by $3 million per year as a
result of the expansion. Cash investment in current assets averages 30 percent of sales; accounts
payable and other current liabilities are 10 percent of sales. What is the estimated total investment for this
expansion?
A. $4.6 million.
B. $4.9 million.
C. $4.3 million.
D. $3.4 million.
正解:A
解説: (Pass4Test メンバーにのみ表示されます)
質問 5:
Jackson Distributors sells to retail stores on credit terms of 2/10, net 30. Daily sales average 150 units at
a price of $300 each. Assuming that all sales are on credit and 60 percent of customers take the discount
and pay on Day 10 while the rest of the customers pay on Day 30, the amount of Jackson's accounts
receivable is:
A. $900,000
B. $810,000
C. $450,000
D. $990,000
正解:B
解説: (Pass4Test メンバーにのみ表示されます)
質問 6:
Youngsten Electric is contemplating new projects for the next year that will require $30,000,000 of new
financing. In keeping with its capital structure, Youngsten plans to use debt & equity financing as follows:
. Issue $10,000,000 of 20-year bonds at a price of 101.5, with a coupon of 10%, and flotation costs of
2 .5% of par value.
. Use internal funds generated from earnings of $20,000,000.
The equity market is expected to earn 15%. U.S. treasury bonds currently are yielding 9%. The beta
coefficient for Youngsten's common stock is estimated to be .8. Youngsten is subject to a 40% corporate
income tax rate. Youngsten has a price/earnings ratio of 10, a constant dividend payout ratio of 40%, and
an expected growth rate of 12%.
Assume Youngsten has an after-tax cost of debt of 9% and an after-tax cost of equity of 15%.
Youngsten's weighted average cost of capital is:
A. 11.0%
B. 11.8%
C. 13.0%
D. 12.0%
正解:C
解説: (Pass4Test メンバーにのみ表示されます)
質問 7:
Residco, Inc. expects net income of $800,000 for the next fiscal year. Its targeted and current capital
structure is 40 percent debt and 60 percent common equity. The director of capital budgeting has
determined that the optimal capital spending for next year is $1.2 million. Residco does not plan to issue
any new common equity next year. If Residco follows a strict residual dividend policy, what is the
expected dividend payout ratio for next year?
A. 40.0 percent.
B. 10.0 percent.
C. 90.0 percent.
D. 66.7 percent.
正解:B
解説: (Pass4Test メンバーにのみ表示されます)
質問 8:
Within the framework of the aggregate demand/aggregate supply model, an increase in short run
aggregate supply will cause:
A. Real output to expand and the price level to fall.
B. Real output to decline and the price level to rise.
C. Real output to expand and the price level to rise.
D. Real output to decline and the price level to fall.
正解:A
解説: (Pass4Test メンバーにのみ表示されます)
辻*美 -
ほとんどの出題範囲をカバーしているBEC問題集にある内容だけ全部覚えて受験して、そのまま合格になったんだ