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5 Written questions

5 Matching questions

  1. Operating activities
  2. Working capital
  3. Assumptions sheet
  4. Accounts receivable
  5. Profitability
  1. a the ability to earn a profit.
  2. b money owed to it by its customers.
  3. c represents the amount of liquid assets the firm has available.
  4. d include net income (or loss), depreciation, and changes in current assets and current liabilities other than cash and short-term debt.
  5. e 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.

5 Multiple choice questions

  1. the equity invested in the business by the owners plus the accumulated earnings retained by the business after paying dividends.
  2. a statistical technique used to find relationships between variables for the purpose of predicting future values.
  3. how productively a firm utilizes its assets relative to its revenue and its profits.
  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. Net salesan estimate of a firm's future income and expenses, based on its past performance, its current circumstances, and its future plans.

          

  2. Current liabilitiesinclude obligations that are payable within a year, including accounts payable, accrued expenses, and the current portion of long-term debt.

          

  3. Operating expensesinclude net income (or loss), depreciation, and changes in current assets and current liabilities other than cash and short-term debt.

          

  4. Debt-to-equity ratioa simple ratio that measures the price of a company's stock against its earnings.

          

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