FIN 370 Final Exam Answers Guide

FIN 370 Final Exam Answers Guide

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Thanks for checking out the ultimate final exam answers guide for Finance 370. This comprehensive tutorial covers 30 questions and answers from the latest version of the FIN/370 final exam. Out team of tutors have verified every answer on guide so you can relax before taking this difficult test. We are hear seven days per week to answer questions you have about this guide

About the FIN 370 Final

The Finance for Business final exam is extremely challenging for the majority of students. You can expect to encounter a variety of detailed finance problems, such as calculating Net Present Value (NPV) and Internal Rate of Return (IRR). You will also need to have a comprehensive understanding of how currency markets work and how to solve various currency exchange problem. If you struggle with math, you will have problems with about 40% of the questions on the test. But don't worry... Our answer sheet is designed to alleviate these problems. 

Exam Facts

Length: 30 Questions (2 different versions)
Most Recent Update: June 3rd, 2014

New Updates for 2014

Apple Two Enterprises expects to generate sales of $5,950,000 for fiscal 2014; sales were$3,450,000 in fiscal 2013. Assume the following figures for the fiscal year ending 2013: cash $70,000; accounts receivable $250,000; inventory $400,000; net fixed assets $520,000; accounts payable $235,000; and accruals $155,000. Use the percent-of-sales method to forecast cash for the fiscal year ending 2014.

$120,725

Explanation: 3450000 / 70000 = 0.0203 x 5950000 = 120,725

Metals Corp. has $2,575,000 of debt, $550,000 of preferred stock, and $18,125,000 of common equity. Metals Corp.'s after-tax cost of debt is 5.25%, preferred stock has a cost of 6.35%, and newly issued common stock has a cost of 14.05%. What is Metals Corp.'s weighted average cost of capital?

12.78%

Project Sigma requires an investment of $1 million and has a NPV of $10. Project Delta requires an investment of $500,000 and has a NPV of $150,000. The projects involve unrelated new product lines. What is your evaluation of these two projects?

Plus 30 more brand new answers for 2014-15. 

Free Preview of the Answers

1) The goal of the firm should be

A.  maximization of profits

B.  maximization of shareholder wealth

C.  maximization of consumer satisfaction

D.  maximization of sales

 

2) An example of a primary market transaction is

A.  a new issue of common stock by AT&T

B.  a sale of some outstanding common stock of AT&T

C.  AT&T repurchasing its own stock from a stockholder

D.  one stockholder selling shares of common stock to another individual

 

16) Compute the payback period for a project with the following cash flows, if the company’s discount rate is 12%.


Initial outlay = $450

Cash flows:

Year 1 = $325

Year 2 = $65

Year 3 = $100


A.  3.43 years

B.  3.17 years

C.  2.88 years

D.  2.6 years

 

Get all 30 correct answers on the full FIN 370 final exam study guide. Like all of our material, it can be instantly downloaded and is covered by a 100% money back guarantee. 

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