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Date Posted: 06:33:32 06/14/01 Thu
Author: STACY R. TALLUM
Subject: Re: Information on Hodges Quiz 1
In reply to: Charles Hodges 's message, "Information on Hodges Quiz 1" on 10:34:18 06/13/01 Wed

>Here is a link to a sample scrambled income statement
>and balance sheet question,
>http://www-cba.gsu.edu/wwwfin/public_html/finmgt_pdf/86
>22q1f99.PDF
>You will have question of this type.
>
>From Chapter 1, here are some sample questions.
>1. Which of the following statements is most correct?
>
> a. Maximizing the income statement item "net income"
>is the best goal for a corporation whose managers are
>interested in maximizing the economic welfare of the
>firm's stockholders.
> b. According to the text, law firms and accounting
>firms must be organized as proprietorships or
>partnerships; these businesses do not have the option
>of incorporating.
> c. If you are planning to start a business, it is
>always more advantageous to organize as a
>proprietorship or partnership as opposed to a
>corporation.
> d. According to the text, "agency problems" tend to
>decrease as the percentage of a corporation's stock
>owned by its managers increases.
> e. Other things held constant, it is generally safer
>from a liability perspective to invest money in a
>partnership than in a corporation.
>
>2. True or False, As long as sales revenues exceed all
>costs over part of an accounting period, a firm will
>avoid any cash shortage.
>
>3. True or False, The annual report contains four
>basic financial statements: the income statement;
>balance sheet; statement of cash flows; and statement
>of retained earnings.
>
>4. What are the three areas of finance?

HERE ARE MY ANSWERS FOR THE QUESITONS:

1.) A

2.) TRUE

3.) TRUE

4.) cORPARATE FINCIAL MANAGEMENT, INVESTMENTS, FINACIAL MARKETS AND INSTITUTIONS.

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