5 Written questions
5 Matching questions
- Regression analysis
- Sales forecast
- Net sales
- Cost of sales (COGS)
- a a statistical technique used to find relationships between variables for the purpose of predicting future values.
- b a projection of a firm's sales for a specified period.
- c includes all the direct costs associated with producing or delivering a product or service, including the material costs and direct labor.
- d consist of total sales minus allowances for returned goods and discounts.
- e merchandise, raw materials, and products waiting to be sold.
5 Multiple choice questions
- point where total revenue received equals total costs associated with the output or sale of the product.
- if 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.
- include cash plus items that are readily convertible to cash, such as accounts receivable, marketable securities, and inventories.
- a simple ratio that measures the price of a company's stock against its earnings.
- the ability to earn a profit.
5 True/False questions
Working capital → an estimate of a firm's future income and expenses, based on its past performance, its current circumstances, and its future plans.
Pro forma balance sheet → a snapshot of the company's assets, liabilities, and owner's equity at a specific point in time.
Operating activities → include net income (or loss), depreciation, and changes in current assets and current liabilities other than cash and short-term debt.
Income statement → a written report that quantitatively describes a firm's financial health.
Financial management → a written report that quantitatively describes a firm's financial health.