Geography
What is the longest river in the world?
The Nile River
What is the chemical symbol for water?
H2O
How many players are there on a soccer field?
22 player
What is the formula for Market Capitalization?
Market Cap = Share Price × Number of Shares Outstanding
What is the main difference between financial accounting and management accounting?
Financial accounting serves external users; management accounting serves internal decision-making.
Which country has the largest population in the world?
India
What planet is known as the Red Planet?
Mars
In what sport would you perform a “slam dunk”?
Basketball
In the Modigliani and Miller world with corporate taxes, what increases firm value?
The tax shield from debt
What is the formula for Contribution Margin Ratio?
(Sales – Variable Costs) ÷ Sales
Which country has the largest population in the world?
Vatican City
What gas do plants absorb from the atmosphere during photosynthesis?
Carbon dioxide CO2
Who holds the record for the most Olympic gold medals?
Michael Phelps
What is the Cost of Capital?
The required return investors expect for providing financing; a weighted average of cost of debt and equity (WACC).
In CVP analysis, what is the Break-even formula (in sales revenue)?
Break-even = Fixed Costs ÷ Contribution Margin Ratio
Mount Kilimanjaro is located in which country?
Tanzania
What part of the cell contains genetic material?
The nucleus
What country won the 2010 World Cup?
Spain
What does it mean when we say "as debt increases, cost of equity rises"?
Higher leverage increases financial risk, so equity holders demand a higher return (MM Proposition II).
What is Net Debt?
Total Debt – Cash & Cash Equivalents
What are the two landlocked countries in South America?
Paraguay and Bolivia
What is Newtons third law of motion?
For every action, there is an equal and opposite reaction.
What is the maximum break in snooker?
147
Using Modigliani & Miller with corporate taxes, what is the value of the leveraged firm?
VL = VU + (Tc × D)
What is the difference between direct and indirect costs?
Direct costs can be traced directly to a cost object (e.g., raw materials).
Indirect costs must be allocated (e.g., rent, factory overhead).