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5 Written Questions

5 Matching Questions

  1. Stability
  2. Fixed assets
  3. Assumptions sheet
  4. Percent-of-sales method
  5. Financing activities
  1. a a method for expressing each expense item as a percentage of sales.
  2. b 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.
  3. c a new firm's forecast should be preceded in its business plan by an explanation of the sources of the numbers for the forecast and the assumptions used to generate them.
  4. d the strength and vigor of the firm's overall financial posture.
  5. e assets used over a longer time frame, such as real estate, buildings, equipment, and furniture.

5 Multiple Choice Questions

  1. the ability to earn a profit.
  2. deals with two activities: raising money and managing a company's finances in a way that achieves the highest rate of return .
  3. include notes or loans that are repayable beyond one year, including liabilities associated with purchasing real estate, buildings, and equipment.
  4. depict relationships between items on a firm's financial statements, used to discern whether a firm is meeting its financial objectives and how it stacks up against its industry peers.
  5. includes all the direct costs associated with producing or delivering a product or service, including the material costs and direct labor.

5 True/False Questions

  1. Constant ratio method of forecastingif a firm uses percent-of-sales method, then the net result that each expense item (except depreciation) on its income statement will grow at the same rate as sales.

          

  2. Financial statementdeals with two activities: raising money and managing a company's finances in a way that achieves the highest rate of return .

          

  3. Statement of cash flowssummarizes the changes in a firm's cash position for a specified period of time and details why the change occurred.

          

  4. Historical financial statementsreflect past performance and are usually prepared on a quarterly and annual basis.

          

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

          

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