WEST Business & Marketing Education: Asset 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!

Page 1

Question 1 1. What is a Current Asset?

Question 2 2. Where does the information for the net revenue come from?

Question 3 3.

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 4 4. Which of the following is classified as a current asset?

Question 5 5. How can you tell if your company's asset turnover ratio is good?

Page 2

Question 6 6. Assets are reported on the ___________.

Question 7 7. Which of the following is an example of a non-current asset?

Question 8 8. Intangible assets are:

Question 9 9. Which of the following is true of the beta coefficient?

Question 10 10. Which of these statements is NOT true about business assets?

Page 3

Question 11 11. How are the assets that are used in the calculation of total assets valued?

Question 12 12. What happens to fixed assets on the financial statements if no fixed assets are purchased or sold?

Question 13 13. Items that have monetary value and are owned by a business are called ___________.

Question 14 14. What is the difference between fixed assets and inventory?

Question 15 15. Which of the following must always be classified as a current asset?

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Question 16 16. How do fixed assets impact a business?

Question 17 17. Total assets are reported on the balance sheet in what order?

Question 18 18. An example of an intangible asset is __________.

Question 19 19. Which of the following is not a non-current asset?

Question 20 20. Which of the following financial statements give the best picture of an organizations financial status?

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Question 21 21. Which of the following is not a business asset?

Question 22 22. Total assets are reported on which of the following financial statements?

Question 23 23. The asset turnover ratio tells us...

Question 24 24. A non-current asset is one that ____ have it's value fully realized within one year.

Question 25 25. __________ are assets that can physically be touched.

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Question 26 26. Where can you locate information on the asset turnover ratio of other companies?

Question 27 27. Patents and trademarks are:

Question 28 28. Which of the following is an advantage of using the CAPM?

Question 29 29. 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 30 30. Which of the following is an intangible asset?

WEST Business & Marketing Education: Asset Management Chapter 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!

WEST Business & Marketing Education (038): Practice & Study Guide  /  Business Courses
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