5 Written questions
5 Matching questions
- Income statement
- Cost of sales (COGS)
- Current liabilities
- Balance sheet
- Regression analysis
- a a snapshot of the company's assets, liabilities, and owner's equity at a specific point in time.
- b include obligations that are payable within a year, including accounts payable, accrued expenses, and the current portion of long-term debt.
- c a statistical technique used to find relationships between variables for the purpose of predicting future values.
- d includes all the direct costs associated with producing or delivering a product or service, including the material costs and direct labor.
- e reflects the results of the operations of a firm over a specified period of time.
5 Multiple choice questions
- calculated by dividing its long-term debt by its shareholders' equity, if it gets too high, it may have trouble meeting its obligations and securing the level of financing needed to fuel its growth.
- the ability to earn a profit.
- include the purchase, sale, or investment in fixed assets, such as real estate, equipment, and buildings.
- include marketing, administrative costs, and other expenses not directly related to producing a product or service.
- deals with two activities: raising money and managing a company's finances in a way that achieves the highest rate of return .
5 True/False questions
Budgets → itemized forecasts of a company's income, expenses, and capital needs and are also an important tool for financial planning and control.
Financial ratios → a written report that quantitatively describes a firm's financial health.
Break-even point → point where total revenue received equals total costs associated with the output or sale of the product.
Price-to-earnings ratio → a simple ratio that measures the price of a company's stock against its earnings.
Pro forma statement of cash flows → shows the projected flow of cash into and out of the company during a specified period.