FIN 571 Course Great Wisdom / tutorialrank.com FIN 571 Course Great Wisdom / tutorialrank.com | Page 20

FIN 571 Week 1 Connect Problems (Week 1 Problem Set)
1.If a firm is currently profitable, then:
2.Short-term finance deals with:
3.A stakeholder is any person or entity:
4.Which one of these best fits the description of an agency cost?
5.The primary goal of financial management is to:
6.Which one of the following business types is best suited to raising
large amounts of capital?
7.Accounting profits and cash flows are generally:
8.Your credit card company charges you 1.00 percent per month.
What is the annual percentage rate on your account?
9.What is the future value of $920 a year for 5 years at a 6 percent
interest?
10.Some time ago, Julie purchased eleven acres of land costing
$15,590. Today, that land is valued at $63,123. How long has she
owned this land if the price of the land has been increasing at 6
percent per year?
11.First City Bank pays 6 percent simple interest on its savings
account balances, whereas Second City Bank pays 6 percent interest
compounded annually. If you made a $57,000 deposit in each bank,
how much more money would you earn from your Second City Bank
account at the end of 10 years?
12.Show correct answer
a.
Compute the future value of $2,000 compounded annually for
10 years at 7 percent.