Final Sınavı - Busıness Fınance I

Soru 1:

The DuckCold manufactures two products, hat and gloves. The total fixed costs of the DuckCold is $540,000. The sales mix of the DuckCold is composed of 60% hat, 40% gloves and the ski hat has contribution margin ratio of 50% while for the gloves it is 60%. What is the break-even sales of gloves?

A) $400,000 B) $500,000 C) $600,000 D) $700,000 E) $800,000

Soru 2:

What will be the beta of an asset whose expected return is 12 % given the expected market return is 10% and risk free return is 6%?

A) 2 B) 1.5 C) 1 D) 0.6 E) 0.5

Soru 3:

Inventories 30.000 TL Accounts Receivable 25.000 TL Short-Term Debts 70.000 TL Current Assets 100.000 TL Net Sales 150.000 TL Use the above information to answer Questions 9–10. What is the firm's speed to meet sudden demands for liquid assets?

A) 1,2 B) 1,5 C) 1 D) 0,95 E) 1,7

Soru 4:

The Capital Market Line (CML) is the line that connects the _____ with the _____. Which of the following best completes the statement above?

A) Risk free asset - market portfolio B) Risk - return C) Expected returns - unexpected returns D) Risky securities - risk free assets E) Trade - Return

Soru 5:

What is times financial expenses earned in 2014?

A) 5 B) 7.5 C) 10 D) 12 E) 15

Soru 6:

Which of the following is the correct definition of Expected return of a portfolio?

A) the covariance of the returns of securities. B) the weighted average of the returns of securities. C) the standard deviation of the returns of securities. D) the addition of the returns of securities. E) the variance of the returns of securities.

Soru 7:

Suppose the company distributes $10 as dividend every year and it is not expected to change. If the required rate of return for this stock is 8%, how much should be selling in the market?

A) $100 B) $150 C) $125 D) $175 E) $135

Soru 8:

I.As a holder of some stocks, you own a part of the company and you have the right to benefit from the profitability of the company. II.During periods where the company loses money, the companies are not able to satisfy the expectations of their shareholders. III.Shareholders will have capital gains if the market price of your stocks have increased. Which one/ones above is/are correct about the return on stocks?

A) Only I B) I-II C) I-III D) II-III E) I-II-III

Soru 9:

Which of the following is not one of the important factors in determining the amount of the working capital?

A) Volume of business B) Bank payments C) Length of period of manufacture D) Turnover of working capital E) Terms of credit

Soru 10:

Which of the following types of cost arise on account in relation with the delay in payment of receivables by the customer when they fall due and become doubtful debts?

A) Holding cost B) Administrative cost C) Capital cost D) Delinquency cost E) Default cost

Soru 11:

Which of the following is the core of the overall budgeting efforts within an organization at a business budget?

A) Direct Materials Budget B) Direct Labor Budget C) Sales Budget D) Production Budget E) Manufacturing Overhead Budget

Soru 12:

_____ of the Efficient Markets Hypothesis states that all publicly available information is fully reflected in prices. Which of the following best completes the statement above?

A) Weak form B) Semistrong form C) Strong form D) Inefficient market overreaction response E) Efficient market response

Soru 13:

Which of the following is the final step of financial control?

A) Correction of Deviations B) Detection of Deviations in the Basic Financial Statements C) Preparation of Forecasts and Simulations D) Analysis of the Initial Situation E) Estimationof Cash Inflows

Soru 14:

What does gross working capital refer to?

A) the working capital that is financed by short-term sources B) the minimum level of investment in the current assets that is carried by the business at all times to carry out its activities C) a stable amount of working capital requirement D) the total current asset holdings of a company which can be converted into cash in less than a year time E) the difference between the current assets and the current liabilities

Soru 15:

Which of the following financing alternatives entails the sale of accounts receivable to another firm who then collects payment from the customer?

A) Accruals B) Factoring C) Letter of Credit D) Trade Credit E) Working Capital Advance by Commercial Banks

Soru 16:

Which of the following is not a dimension of working capital management?

A) Time B) Transparency C) Investment D) Credibility E) Growth

Soru 17:

Which one of the below is the security that contractually obligates the issuer to make fixed coupon payments at fixed intervals plus it also pays out the face value of the bond at maturity together with the last coupon payment?

A) Bonds B) Coupon Paying Stocks C) Blue Chips D) Penny Stocks E) Convertible Bonds

Soru 18:

Which of the followings is among the main data sources required for financial planning?

A) Divisional proforma and realized budgets. B) Investment projects evaluations. C) Internal control reports. D) Short and long term profit targets. E) Labor productivity reports.

Soru 19:

What does an upward sloping yield curve imply?

A) Short-term interest rates will increase in the future B) Long-term interest rates will increase in the future C) Long-term interest rates will decrease in the future D) Short-term interest rates will decrease in the future E) Inflation will rise in the future.

Soru 20:

Which one below is a component of weak form in the results of the EMH?

A) EMH states that all publicly available information is fully reflected in prices. B) EMH states that all privately and publicly available information is fully reflected in prices. C) It should not be possible for investors using information from past price changes to obtain consistent excess profits. D) It should not be possible for investors using publicly available information to obtain consistent excess profits. E) Even insiders trading on their information (independent of legal and ethical considerations) are engaging in useless activities