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5 Written questions

5 Matching questions

  1. Accounts receivable
  2. Price-to-earnings ratio
  3. Current liabilities
  4. Other assets
  5. Long-term liabilities
  1. a include obligations that are payable within a year, including accounts payable, accrued expenses, and the current portion of long-term debt.
  2. b miscellaneous assets, including accumulated goodwill.
  3. c a simple ratio that measures the price of a company's stock against its earnings.
  4. d money owed to it by its customers.
  5. e include notes or loans that are repayable beyond one year, including liabilities associated with purchasing real estate, buildings, and equipment.

5 Multiple choice questions

  1. merchandise, raw materials, and products waiting to be sold.
  2. a snapshot of the company's assets, liabilities, and owner's equity at a specific point in time.
  3. the strength and vigor of the firm's overall financial posture.
  4. include cash raised during the period by borrowing money or selling stock and/or cash used during the period by paying dividends, buying back outstanding stock, or buying back outstanding bonds.
  5. a projection of a firm's sales for a specified period.

5 True/False questions

  1. Budgetsan estimate of a firm's future income and expenses, based on its past performance, its current circumstances, and its future plans.

          

  2. Break-even pointa snapshot of the company's assets, liabilities, and owner's equity at a specific point in time.

          

  3. 10-Ka report similar to the annual report except that it contains more detailed information about the company's business.

          

  4. Percent-of-sales methoda method for expressing each expense item as a percentage of sales.

          

  5. Fixed assetsmiscellaneous assets, including accumulated goodwill.

          

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