INSTURCTION
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1. Which of the following is not normally a responsibility of the treasurer of the modern corporation but rather the controller?
2. The Treasurer of an organization should report to...
3. Suppose an investor wants to have GHS10 million to retire 45 years from now. How much would she have to invest today with an annual rate of return equal to 15 percent?
4. Which of the following is false?
5. Ama deposits GHS10,000 today and is promised a return of GHS17,000 in eight year GHS What is the implied annual rate of return?
6. Kani Company had sales last year of GHS 265 million, including cash sales of GHS 25 million. If its average collection period was 36 days, its ending accounts receivable balance is closest to . (Assume a 365-day year.)
7. A company can improve (lower) its debt-to-total assets ratio by doing which of the following?
8. Which of the following statements (in general) is correct?
9. Debt-to-total assets (D/TA) ratio is .4. What is its debt-to-equity (D/E) ratio?
10. Which of the following would be considered a application of funds?
11. A(n) ..... would be an example of a principal, while a(n) .... would be an example of an agent.
12. The focal point of financial management in a firm is the....
13. Which of the following does not involve the financial management process?
14. The objective of wealth maximization takes into account
15. Which of the following statements is correct regarding profit maximization?
16. Kuntu plans to invest an equal amount of GHS2,000 in an equity fund every year-end beginning this year. The expected annual return on the fund is 15 percent. He plans to invest for 20 years. How much could she expect to have at the end of 20 years?
17. The rate of interest offered by the fixed deposit scheme of a bank for 365 days and above is 12%. What will be the status of GHS20,000, after two years if it is invested at this point of time?
18. Which of the following would not improve the current ratio?
19. The gross profit margin is unchanged, but the net profit margin declined over the same period. This could have happened if.....
20. EETYZEN Industries has a debt-to-equity ratio of 1.6 compared with the industry average of 1.4. This means that the company
