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5 Written questions

5 Matching questions

  1. 10-K
  2. Income statement
  3. Break-even point
  4. Stability
  5. Financing activities
  1. a reflects the results of the operations of a firm over a specified period of time.
  2. b the strength and vigor of the firm's overall financial posture.
  3. c point where total revenue received equals total costs associated with the output or sale of the product.
  4. d 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.
  5. e a report similar to the annual report except that it contains more detailed information about the company's business.

5 Multiple choice questions

  1. 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.
  2. the equity invested in the business by the owners plus the accumulated earnings retained by the business after paying dividends.
  3. 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.
  4. consist of total sales minus allowances for returned goods and discounts.
  5. a written report that quantitatively describes a firm's financial health.

5 True/False questions

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

          

  2. Budgetsa report similar to the annual report except that it contains more detailed information about the company's business.

          

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

          

  4. Accounts receivablemoney owed to it by its customers.

          

  5. Current assetsinclude cash plus items that are readily convertible to cash, such as accounts receivable, marketable securities, and inventories.