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Asset & Inventory Management Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Business assets are:

Question 2 2. Intangible assets are:

Question 3 3. Which of the following is not a business asset?

Question 4 4. Which of the following is true of the beta coefficient?

Question 5 5. Which of the following is an advantage of using the CAPM?

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Question 6 6. Grab a calculator and let's use the CAPM. If the risk-free rate (as reflected by Company X returns) is 0.10, the average market return (as indicated by the 1-year return on Company Z) is 20.63, and Pear Products has a beta coefficient of 0.74, the appropriate required return for Pear Products (rounded to two decimal places) is:

Question 7 7. Which of the following is an asset for a company?

Question 8 8. The _____ is the financial statement that lists all of a company's accounts and the balances in them.

Question 9 9. The _____ is the financial statement that tells how much money a company made or lost in a given time period.

Question 10 10. The return that you would expect to get on an item after the item has been sold and the cost of selling that item has been subtracted is called what?

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Question 11 11. What concept states that inventory is valued at the lower of the total cost of purchasing the material or the current market replacement cost?'

Question 12 12. Bob is selling coffee makers at his home store. Bob bought his coffee maker from the manufacturer for $25. Bob sells these coffee makers for $60. In this particular instance, the preparation to sell the coffee maker cost $5, and the commission he paid the employee who sold it was $8.50. What is the NRV in this instance?

Question 13 13. Which of the following is an intangible asset?

Question 14 14. Which of the following is not a non-current asset?

Question 15 15. Which of the following is one of the major categories of non-current assets?

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Question 16 16. What is the acquisition price of inventory called?

Question 17 17. What is the total dollar amount that is attributed to the inventory on hand called?

Question 18 18. Which of the following requires that on hand inventory at the end of an accounting period be valued at the lower of cost or market?

Question 19 19. Which of the following is a type of financial statement?

Question 20 20. What is a Current Asset?

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Question 21 21. Which of the following must always be classified as a current asset?

Question 22 22. Total assets are the sum of noncurrent assets and __________.

Question 23 23.

Brady's Plumbing has the following assets listed on the balance sheet:

Cash $1000

Accounts Receivable $5000

Inventory $1500

Equipment $15,000

What are the total assets for Brady's Plumbing?

Question 24 24. Total assets are reported on which of the following financial statements?

Question 25 25. Patents and trademarks are:

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Question 26 26. Willy's Motor Company, with a beta coefficient of 1.34, is which kind of investment relative to the market average?

Question 27 27.

Rinate Company Ltd has the following details available:

Net Income is $123,200

Total asset valued at $258,600

Total Liabilities valued at $25300

Total Equity valued at $40000

Calculate the Return on Assets.

Question 28 28. NRV is calculated by subtracting which of the following from the sales price of an item?

Question 29 29. A non-current asset is one that ____ have it's value fully realized within one year.

Question 30 30. What is the replacement cost of inventory called?

Asset & Inventory Management Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next question. You can skip questions if you would like and come back to them later with the "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. You will lose your work if you close or refresh this page. Good luck!

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