FIN 200 CheckPoint Week Two Quiz

This archive file of FIN 200 CheckPoint Week Two Quiz consists of:

1) The partnership form of an organization

A. has unlimited life.

B. avoids the double taxation of earnings and dividends found in the corporate form of organization.

C. usually provides limited liability to the partners.

D. simplifies decision making.

2) The Sarbanes-Oxley Act was passed in an effort to

A. guarantee outside auditors can control corporate accounting practices.

C. ensure that partnerships divide profits among partners in a fair manner.

D. control corrupt corporate behavior.

3) The primary disadvantage of accrual accounting is that

A. it does not recognize accounts receivable.

B. it does not match revenues and expenses in the period in which they are incurred.

D. it does not adequately show the actual cash flow position of the firm.

4) A firm’s purchase of plant and equipment would be considered a

A. source of cash for investment activities.

B. use of cash for financing activities.

D. use of cash for investment activities.

5) Which of the following is not an asset utilization ratio?

B. Inventory turnover

C. Return on assets

D. Average collection period

6) Asset utilization ratios

A. are most important to stockholders.

B. relate balance sheet assets to income statement sales.

C. measure how much cash is available for reinvestment into current assets.

D. measures the firm’s ability to generate a profit on sales.

7) Refer to the figure above. The firm’s fixed asset turnover ratio is

B. 2.0x.

C. 1.6x.

D. 1.3x.

8) The Bubba Corp. had earnings before taxes of $200,000 and sales of $2,000,000. If it is in the 50% tax bracket its after-tax profit margin is:

A. 20%

B. 5%

C. 12%

D. 25%

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10