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5 Written questions

5 Matching questions

  1. Inventory
  2. Regression analysis
  3. Sales forecast
  4. Net sales
  5. Cost of sales (COGS)
  1. a a statistical technique used to find relationships between variables for the purpose of predicting future values.
  2. b a projection of a firm's sales for a specified period.
  3. c includes all the direct costs associated with producing or delivering a product or service, including the material costs and direct labor.
  4. d consist of total sales minus allowances for returned goods and discounts.
  5. e merchandise, raw materials, and products waiting to be sold.

5 Multiple choice questions

  1. point where total revenue received equals total costs associated with the output or sale of the product.
  2. 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.
  3. include cash plus items that are readily convertible to cash, such as accounts receivable, marketable securities, and inventories.
  4. a simple ratio that measures the price of a company's stock against its earnings.
  5. the ability to earn a profit.

5 True/False questions

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


  2. Pro forma balance sheeta snapshot of the company's assets, liabilities, and owner's equity at a specific point in time.


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


  4. Income statementa written report that quantitatively describes a firm's financial health.


  5. Financial managementa written report that quantitatively describes a firm's financial health.