Final Sınavı - Busıness Fınance I

Soru 1:

Which one of the equation gives us the Unit Contribution Margin

A) Sales revenue-total costs B) Sales revenue-total variable costs C) (Price-VC)/price D) (Price-VC)/unit E) Sales revenue-total fixed costs

Soru 2:

Which of the following is not amongst the inventory types?

A) Finished Goods B) Spares C) Company`s equipment D) Consumables E) Raw Material

Soru 3:

Which one of the following is a measure for risk-free return rate?

A) Growth stocks B) Income stocks C) 10-year government bonds D) 1-year company bond E) T-Bills

Soru 4:

Suppose that you invest 30% of your money in security A, %50 in security B and the rest in security C. The expected returns of A, B and C are given as 10%, 8% and 5% respectively. What is your expected rate of return for this investment?

A) 10% B) 9% C) 8% D) 7% E) 6%

Soru 5:

Which of the following is defined as "the excess return required on a risky asset over that earned on a risk-free asset"?

A) Variance B) Risk premium C) Excess return D) Return premium E) Average return

Soru 6:

There exist many types of costs incurred in the course of receivables management. Which of following is amongst them ?

A) Delinquency Cost B) Setup Cost C) Ordering cost D) Shortage cost E) Holding Cost

Soru 7:

Which of the following is not amongst the sales forecast methods?

A) Special Purpose Methods B) Combined Methods C) Regression Method D) Managerial Assessment E) Product Methods

Soru 8:

What is the investor’s real return if a bond offers an investor 21% in nominal return during a year in which the rate of inflation is 18%?

A) 2.45% B) 2.13% C) 2.54% D) 2.94% E) 2.04%

Soru 9:

When the market interest rate is equal to the coupon interest rate, bonds sell at their par value. When the market interest rate is below the coupon interest rate, bonds sell above their par value and they are called premium bonds. When the market interest rate exceeds the coupon interest rate, bonds sell below their par and are called discount bonds. Market interest rates might change but there is no change in coupon interest rate. Which of the statements above about interest rates and bond values is/are correct?

A) Only I B) I and II C) II and III D) I, II and IV E) I, II, III and IV

Soru 10:

Which budget consists of any expenses directly related with the production except direct materials and direct labor?

A) Sales budget B) Production budget C) Manufacturing overhead budget D) Costs of goods sold budget E) Cash budget

Soru 11:

Which of the following budgets consist of any expenses directly related with the production except direct materials and direct labor?

A) Cost of Goods Sold Budget B) Manufacturing Overhead Budget C) Terms of Cash Budge D) Structure of Cash Budget E) Direct Labor Budget

Soru 12:

What is the current price of a stock if it will be $50 two years from today, they distribute $4 as a dividend and if you require a return of 15% in order to invest in this stock?

A) $40 B) $46.96 C) $51.32 D) $39.80 E) #42

Soru 13:

What is the rate of return for a $60 par bond paying $5 annually that has 5 years until maturity and currently sells for $50?

A) %12 B) %15 C) %20 D) %24 E) %30

Soru 14:

In terms of yield-to-maturity, which of the followings refers to the return you get from the change in the value of bond?

A) Capital gains yield. B) Maturity. C) Dividends. D) Face value. E) Current yield.

Soru 15:

I. The ownership structure, II. Operating expenses, III. The receivables and payables, IV. Net profit. Which of the ones listed above is among the forecasts and estimations should be made in order to prepare the proforma financial reports?

A) I, II & IV. B) I & III. C) II & IV. D) II, III & IV. E) I, II, III & IV.

Soru 16:

What is the maximum time limit for short term in financial planning?

A) 3 months B) 6 months C) 9 months D) 12 months E) 36 months

Soru 17:

I-Holding (or Carrying) costs II-Setup (or production change) costs III-Ordering costs IV-Promotion costs V-Shortage costs Which of the above are amongst the inventory costs?

A) I, II, III and IV B) I, II, III and V C) I, II, IV and V D) II, III, IV and V E) I, III, IV and V

Soru 18:

Which policy of working capital management creates the lowest risk?

A) Conservative policy B) Matching policy C) Agressive policy D) Hedging policy E) None of above

Soru 19:

Which of the followings is a component of " current assets" ?

A) Dividend Payments B) Prepaid Expenses C) Sundry Creditors D) Tax Payments E) Outstanding Expenses

Soru 20:

Which of the followings is one of the major tools of financial control?

A) Proforma financial statements B) Labor productivity reports C) Cost accounting data D) Scenario analysis E) Production plan