EDUTRAY

  • Home
  • About Us
  • Quick Purchase
  • Testimonials
  • Contact Us
$0.00 Cart
  • Login
  • Home
  • About Us
  • Quick Purchase
  • Testimonials
  • Contact Us
  • Free Sample

Audit and Assurance Study Videos – 50% OFF – Promo Code : 50FIFTY – Quick Purchase

PFM 1 – 1

Question 01 to 20
Question 01 to 20

0%
0 votes, 0 avg

  • Please read all instructions. When you are finished click ‘Next’ to move to the next screen.

Answering Questions

  • Read each question carefully.
  • When you answer a question, your answer will automatically be saved.
  • You can revisit questions and change your answers at any time during the exam.
  • The only permitted characters for numerical answers are:
    • Numbers
    • One full stop as a decimal point if required
    • One minus symbol at the front of the figure if the answer is negative.

              For example: -10234.35

No other characters, including commas, are accepted.

Navigating between questions

  • Click Next Button to move to the next question.
  • Click Previous Button to move back to the previous question.
  • Click on a question number from the Exam Progress Details panel (see next page) to move directly to that question.
  • A message will be displayed when you click to move away from a question which has been partially attempted. You can choose to stay on the question and review your answer(s) or continue.
  • When reviewing your answer(s) for partially attempted questions ensure you read any message displayed in red text below the question in Section A or below the question
    part(s) in Section B
    .
  • Note: Where a message is displayed, the answer(s) provided will not be marked.

1 / 29

1. Last year ABC Co made profits before tax of $2,720,000. Tax amounted to $760,000.

ABC Co’s share capital was $2,000,000 (2,000,000 shares of $1) and $4,000,000 6% preference shares.

What was the earnings per share (EPS) for the year (insert your answer to two decimal places)?

2 / 29

2. Which of the following statements describes the main objective of financial management?

3 / 29

3. Indicate, by clicking in the relevant boxes, whether the following objectives are financial or non-financial objectives of a company.

A. Maximisation of market share

4 / 29

B. Earnings growth

5 / 29

C. Sales revenue growth

6 / 29

D. Achieving a target level of customer satisfaction

7 / 29

E. Achieving a target level of return on capital employed

8 / 29

4. A company has recently declared a dividend of 12c per share. The share price is $3.72 cum div and earnings for the most recent year were 60c per share. What is the P/E ratio?

9 / 29

5. The following information relates to a company:

Year                                                0         1         2         3

Earnings per share (cents)           30.0     31.8    33.9    35.7

Dividends per share (cents)         13.0     13.2    13.3    15.0

Share price at start of year ($)     1.95      1.98    2.01    2.25

Which of the following statements is correct?

10 / 29

6. Which of the following is LEAST likely to fall within financial management?

11 / 29

7. Which of the following tasks would typically be carried out by a member of the financial management team?

12 / 29

8. Which of the following is an example of an internal stakeholder in a firm?

13 / 29

9. What is the main purpose of corporate governance?

14 / 29

10. Which of the following does NOT form part of the objectives of a corporate governance best practice framework?

15 / 29

11. Are the following statements true or false?

A. Financial objectives should be quantitative so that their achievement can be measured.

16 / 29

B. Maximising market share is an example of a financial objective.

17 / 29

C. Shareholder wealth maximisation is the primary financial objective for a company listed on a stock exchange.

18 / 29

12. Which THREE of the following are characteristics of a carefully designed remuneration package?

19 / 29

13. Which of the following would you expect to be the responsibility of financial management?

20 / 29

14. Indicate, by clicking in the relevant boxes below, whether the following statements are true or false?

A. Value for money is usually taken to mean economy, efficiency and engagement

21 / 29

B. Cum dividend means the buyer of the share is entitled to receive the dividend shortly to be paid.

22 / 29

C. The dividend payout ratio compares the dividend per share with the market price per share

23 / 29

D. The agency problem means that shareholder wealth is not being maximised

24 / 29

15. ARP is a charity providing transport for people visiting hospitals. Which of the following performance measures would BEST fit with efficiency in a value for money review?

25 / 29

16. A government body uses measures based upon the ‘three Es’ to measure value for money generated by a publicly funded hospital. Which of the following relates to efficiency?

26 / 29

17. Which of the following statements is NOT correct?

27 / 29

18. Geeh Co paid an interim dividend of $0.06 per ordinary share on 31 October 20X6 and declared a final dividend of $0.08 on 31 December 20X The ordinary shares in Geeh Co are trading at a cum-div price of $1.83.

What is the dividend yield (to one decimal place)?

28 / 29

19. Increasing which TWO of the following would be associated with the financial objective of shareholder wealth maximisation?

29 / 29

20. The directors of Portico plc have recently engaged a firm of consultants to negotiate standard terms of trade for one of its strategic business units. This includes the agreement by Portico plc to pay a 5% penalty on any late invoice settlement. This policy is an illustration of the company’s concern for which major stakeholder?

Your score is

0%

Please rate this quiz

Quick Links

  • Home
  • About Us
  • Quick Purchase
  • Testimonials
  • Contact Us
  • Terms and Conditions

Connect With Us

Facebook Youtube Instagram
Guaranteed Safe Checkout

Contact Us

  • [email protected]

Quick Links

  • Home
  • About Us
  • Quick Purchase
  • Testimonials
  • Contact Us
  • Terms and Conditions

Contact Us

  • [email protected]

Connect With Us

Facebook Youtube Instagram
Guaranteed Safe Checkout

All Rights Reserved | EDUTRAY © 2022

Home
Account
0
Cart
Free Sample
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
0
    0
    Your Cart
    Your cart is empty, try adding something to the cart and purchase.Return to Shop
    Continue Shopping