5 Written questions
5 Matching questions
- Accounts receivable
- Price-to-earnings ratio
- Current liabilities
- Other assets
- Long-term liabilities
- a include obligations that are payable within a year, including accounts payable, accrued expenses, and the current portion of long-term debt.
- b miscellaneous assets, including accumulated goodwill.
- c a simple ratio that measures the price of a company's stock against its earnings.
- d money owed to it by its customers.
- 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
- merchandise, raw materials, and products waiting to be sold.
- a snapshot of the company's assets, liabilities, and owner's equity at a specific point in time.
- the strength and vigor of the firm's overall financial posture.
- 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.
- a projection of a firm's sales for a specified period.
5 True/False questions
Budgets → an estimate of a firm's future income and expenses, based on its past performance, its current circumstances, and its future plans.
Break-even point → a snapshot of the company's assets, liabilities, and owner's equity at a specific point in time.
10-K → a report similar to the annual report except that it contains more detailed information about the company's business.
Percent-of-sales method → a method for expressing each expense item as a percentage of sales.
Fixed assets → miscellaneous assets, including accumulated goodwill.