CH1 FINA5320 EXAM ACTUAL 2025/2026 CORRECTLY ANSWERED

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CH1 FINA5320 EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS 1 ) Generally , among those who report directly to the are the treasurer and the controller of a corporation A ) board of directors B ) chairperson of the board C ) chief executive officer D ) president E ) chief financial officer - Answer -E 2 ) A typical chain of command in a corporation is described by which one of the following statements ? A ) The information systems manager reports to the treasurer . B ) The credit manager reports to the treasurer . C ) The controller reports to the chief executive officer . D ) The tax manager reports to the treasurer . E ) The capital expenditures manager reports to the controller . - Answer -B 3 ) Answering which one of the following questions involves making a capital budgeting decision ? A ) How much debt should the firm borrow from a particular lender ? B ) Should the firm build a new production facility ? C ) Should the firm issue new equity to pay for its growth goals ? D ) How much inventory should the firm keep on hand ? E ) How much credit should the firm extend to a particular customer ? - Answer -B 4 ) Which one of the following statements is accurate ? - Answer -Current Assets SHORT lives, such as Accounts Receivable Among the typical responsibilities of the corporate controller is : A ) capital expenditures management . B ) cash management . C ) tax reporting . D ) financial planning . E ) credit management - Answer -C 6 ) is typically the responsibility of the corporate treasurer . A) Financial planning B ) Cost accounting C ) Tax reporting D ) Information systems E ) Financial accounting - Answer -A Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: tutorjean01@gmail.com 7 ) A firm's define ( s ) its capital structure . A ) mixture of various types of production equipment B ) investment selections for its excess cash reserves C ) combination of cash and cash equivalents D ) combination of accounts appearing on the left side of its balance sheet ( E ) proportions of financing from debt and equity - Answer -E A focus of short term finance is on - Answer -the timing of cash flows Net working capital includes : A ) copyrights . B ) manufacturing equipment . C ) common stock . D ) long - term debt . E) inventory . - Answer -E 10 ) is defined as planning and managing a firm's long - term assets . A ) Working capital management B ) Cash management C ) Cost accounting management D ) Capital budgeting E ) Capital structure management - Answer -D 11 ) An amount the firms owes , which it must repay within twelve months , is called a ( n ) : A) current liability . B ) long - term debt . C ) intangible asset . D ) accounts receivable . E ) current asset . - Answer -A 12 ) The business entity that is typically the least expensive to form is the : - Answer -Sole proprietorship 13 ) A is a business owned by a single individual . A ) corporation B )sole proprietorship C) general partnership D ) limited partnership E ) limited liability company - Answer -B 14 ) Regarding a sole proprietorship , which one of the following statements is accurate ? A ) It is more difficult to form than other forms of business . B ) Its business profits are taxed twice at the federal level . C ) Its business profits are taxed separately from the personal income of the owner . D ) The owner may be forced to sell his or her personal assets to pay the company's debts E ) It has an unlimited life span . - Answer -D 15 ) Regarding a sole proprietorship , which one of the following Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: tutorjean01@gmail.com