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5 Written Questions

5 Matching Questions

  1. Owner's equity
  2. Assumptions sheet
  3. Income statement
  4. Forecasts
  5. Stability
  1. a 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.
  2. b the strength and vigor of the firm's overall financial posture.
  3. c an estimate of a firm's future income and expenses, based on its past performance, its current circumstances, and its future plans.
  4. d the equity invested in the business by the owners plus the accumulated earnings retained by the business after paying dividends.
  5. e reflects the results of the operations of a firm over a specified period of time.

5 Multiple Choice Questions

  1. itemized forecasts of a company's income, expenses, and capital needs and are also an important tool for financial planning and control.
  2. a simple ratio that measures the price of a company's stock against its earnings.
  3. represents the amount of liquid assets the firm has available.
  4. shows the projected flow of cash into and out of the company during a specified period.
  5. provides a firm a sense of how its activities will affect its ability to meet its short-term liabilities and how its finances will evolve over time.

5 True/False Questions

  1. Investing activitiesinclude 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.

          

  2. Operating expensesinclude marketing, administrative costs, and other expenses not directly related to producing a product or service.

          

  3. Regression analysisa statistical technique used to find relationships between variables for the purpose of predicting future values.

          

  4. Financing activitiesinclude 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. Percent-of-sales methodincludes all the direct costs associated with producing or delivering a product or service, including the material costs and direct labor.

          

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