BUS 475 Capstone Final Examination Part 2

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BUS 475Capstone Final Examination Part 21. Which of the following is the most important factor that affects a firm's financing mix?a) The predictability of cash flowsb)thenumber of shares that are outstandingc) The amount of EPSd)theamount of operating income2. When an accountant makes an adjusting entry for accrued expenses, which statement bestreflects what the accounts look like before the adjustment?a) Assets overstated; expenses understatedb) Assets understated; revenues understatedc) Expenses understated; liabilities understatedd) Liabilities overstated; revenues understated3. Which account will have a zero balance after a company has journalized and postedclosing entries?a) Accumulated Depreciationb) Prepaid Insurancec) Service Revenued) Supplies4. A __________ is an articulation of a simple criterion or characterization of what the leadersees the company must become to establish and sustain global leadership.a)Missionb) leader's principlec) leader's visiond) strategic intent5. The market opportunities most relevant to a particular company are those thata) Offer the best growth and profitability.b) Provide avenues for taking market share away from close rivals.c) Hold the most potential for product innovation.d) Provide a strong defense against threats to the company's profitability..6. Internal control is used in a business to enhance the accuracy and reliability of itsaccounting records and toa) Analyze financial statements.b) Create a system of audit review.c) Safeguard its assets.d) Protect investments by the public.7. What principle dictates that efforts (expenses) be recorded with results (revenues)?a) Periodicity principleb) Expense recognition principlec) Cost principled) Revenue recognition principle8. The Oviedo Thespians are planning to present performances of their Florida Revue on two

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