Question 1

Jax went to his accountant and learned about cash conversion cycle, defined as that which ______.

Accepted Answer

A) measures the number of days it takes to collect on accounts receivable 
B) measures the average number of days it takes to sell the entire inventory of a company 
C) measures the number of days it takes you to pay your bills 
D) equals DOI + DSO - DPO 
A) measures the number of days it takes to collect on accounts receivable 
B) measures the average number of days it takes to sell the entire inventory of a company 
C) measures the number of days it takes you to pay your bills 
D) equals DOI + DSO - DPO D

Question 2

Compare and contrast the Balance Sheet and the Statement of Cash Flows.

Accepted Answer

The balance sheet lists the assets (things you own), liabilities (things you owe), and stockholder's equity.The cash flow statement takes the asset account cash and analyzes it converting the income statement to cash basis.This analysis begins with the beginning balance of cash, adds the cash inflows, and subtracts the cash outflows (from the statement of cash flows) to arrive at the ending balance of cash.

Question 3

Kurt has a 5-year bank loan with his business.The principle that is scheduled to be paid in the first 12 months is considered ______.

Accepted Answer

A) a loss 
B) a long-term liability 
C) a short-term portion of long term debt 
D) operational cash flows 
A) a loss 
B) a long-term liability 
C) a short-term portion of long term debt 
D) operational cash flows C

Question 4

Labor estimates are ______.

Accepted Answer

A) critical to your business plan 
B) irrelevant 
C) needless as you will be working your business for free and so will your family 
D) dependent on your location and nature of work 
A) critical to your business plan 
B) irrelevant 
C) needless as you will be working your business for free and so will your family 
D) dependent on your location and nature of work

Question 5

Norah is interested in developing her pricing policy.She wants to make a policy for which of the following?

Accepted Answer

A) the price and timing of raw materials, and other goods and services necessary to build, sell, and support products 
B) how pricing will be determined for your products and services 
C) the level of compensation and benefits for each type of position in the business 
D) the process and timing in which obligations to pay for products and services sold will be billed and collected 
A) the price and timing of raw materials, and other goods and services necessary to build, sell, and support products 
B) how pricing will be determined for your products and services 
C) the level of compensation and benefits for each type of position in the business 
D) the process and timing in which obligations to pay for products and services sold will be billed and collected

Question 6

Provide the line by line format of the Statement of Cash Flows.

Accepted Answer

The answer of Provide the line by line format of...

Question 7

List five examples of cash outflows.

Accepted Answer

Cash outflows
Payments to suppliers
Paym

Question 8

The three essential financial statements include all of the following EXCEPT ______.

Accepted Answer

A) balance sheet 
B) cash flow statement 
C) entrepreneurs scorecard 
D) income statement 
A) balance sheet 
B) cash flow statement 
C) entrepreneurs scorecard 
D) income statement

Question 9

Shari discussed her income statement with you and described her report as reporting what the company owes, what it owns, and her shareholder stake at the last day of the prior month.This statement is an income statement.

Accepted Answer

A) True 
 B)False

Question 10

The backlog report is ______.

Accepted Answer

A) the amount of money that the company owes vendors 
B) the amount of money due to a company from its customers 
C) the orders that have been received but not delivered to the customer 
D) the orders that have been delivered to the customer but not yet received 
A) the amount of money that the company owes vendors 
B) the amount of money due to a company from its customers 
C) the orders that have been received but not delivered to the customer 
D) the orders that have been delivered to the customer but not yet received

Question 11

The balance sheet shows ______.

Accepted Answer

A) what the business owns and what the business owes 
B) only net worth 
C) current expenses 
D) shareholder deferred revenue 
A) what the business owns and what the business owes 
B) only net worth 
C) current expenses 
D) shareholder deferred revenue

Question 12

Describe DOI.

Accepted Answer

DOI is a measure of the average number o

Question 13

Capital Equipment and Other Expenditures ______.

Accepted Answer

A) is a report that accountants prepare for big companies 
B) has nothing to do with an entrepreneurship 
C) is important if a business wants to attract investors or capital funding/lending 
D) is a depreciation expense schedule 
A) is a report that accountants prepare for big companies 
B) has nothing to do with an entrepreneurship 
C) is important if a business wants to attract investors or capital funding/lending 
D) is a depreciation expense schedule

Question 14

Describe how you calculate CCC, Cash Conversion Cycle.

Accepted Answer

To calculate CCC, you need to include se

Question 15

Forecasting sales ______.

Accepted Answer

A) is difficult 
B) requires research to do it right 
C) for a pizza operation requires U.S.consumption data, information from U.S.pizzeria owners and industry research reports 
D) all of these 
A) is difficult 
B) requires research to do it right 
C) for a pizza operation requires U.S.consumption data, information from U.S.pizzeria owners and industry research reports 
D) all of these

Question 16

Vivienne wants to produce a report that measures her financial performance on a monthly basis.She wants to see selling- and expense-related activities that result in profit or loss over a period of time.She is interested in producing which of the following statements?

Accepted Answer

A) balance sheet 
B) cash flow statement 
C) entrepreneurs scorecard 
D) income statement 
A) balance sheet 
B) cash flow statement 
C) entrepreneurs scorecard 
D) income statement

Question 17

Arabella went to her accountant and learned about DOI, defined as the ______.

Accepted Answer

A) measures the number of days it takes to collect on accounts receivable 
B) measures the average number of days it takes to sell the entire inventory of a company 
C) measures the number of days it takes you to pay your bills 
D) equals DOI + DSO - DPO 
A) measures the number of days it takes to collect on accounts receivable 
B) measures the average number of days it takes to sell the entire inventory of a company 
C) measures the number of days it takes you to pay your bills 
D) equals DOI + DSO - DPO

Question 18

______ is the amount that customers owe to a company after receipt of item(s) purchased.

Accepted Answer

A) Accounts payable 
B) Accounts receivable 
C) Accounts deferred 
D) Accounts accrued 
A) Accounts payable 
B) Accounts receivable 
C) Accounts deferred 
D) Accounts accrued

Question 19

Jaylah has a 5-year bank loan with her business.The principle that is scheduled to be paid in the last 4 years is considered ______.

Accepted Answer

A) a loss 
B) a long-term liability 
C) a short-term portion of long-term debt 
D) operational cash flows 
A) a loss 
B) a long-term liability 
C) a short-term portion of long-term debt 
D) operational cash flows

Question 20

Describe DSO.

Accepted Answer

DSO is a measure of the number of days t

Jax went to his accountant and learned about cash conversion cycle, defined as that which ______.

Compare and contrast the Balance Sheet and the Statement of Cash Flows.

Kurt has a 5-year bank loan with his business.The principle that is scheduled to be paid in the first 12 months is considered ______.

Labor estimates are ______.

Norah is interested in developing her pricing policy.She wants to make a policy for which of the following?

Provide the line by line format of the Statement of Cash Flows.

List five examples of cash outflows.

The three essential financial statements include all of the following EXCEPT ______.

Shari discussed her income statement with you and described her report as reporting what the company owes, what it owns, and her shareholder stake at the last day of the prior month.This statement is an income statement.

The backlog report is ______.

The balance sheet shows ______.

Describe DOI.

Capital Equipment and Other Expenditures ______.

Describe how you calculate CCC, Cash Conversion Cycle.

Forecasting sales ______.

Vivienne wants to produce a report that measures her financial performance on a monthly basis.She wants to see selling- and expense-related activities that result in profit or loss over a period of time.She is interested in producing which of the following statements?

Arabella went to her accountant and learned about DOI, defined as the ______.

______ is the amount that customers owe to a company after receipt of item(s) purchased.

Jaylah has a 5-year bank loan with her business.The principle that is scheduled to be paid in the last 4 years is considered ______.

Describe DSO.

Entrepreneurship: a Global Social Movement

Practicing Entrepreneurship

Developing an Entrepreneurial Mindset

Supporting Social Entrepreneurship

Generating New Ideas

Using Design Thinking

Testing and Experimenting in Markets

Building Business Models

Planning for Entrepreneurs

Creating Revenue Models

Learning From Failure

Bootstrapping for Resources

Financing for Startups

Developing Networks

Navigating Legal and Ip Issues

Marketing and Pitching Your Idea

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Exam 17: Financial Statements and Projections for Startups

Jax went to his accountant and learned about cash conversion cycle, defined as that which ______.

Compare and contrast the Balance Sheet and the Statement of Cash Flows.

Kurt has a 5-year bank loan with his business.The principle that is scheduled to be paid in the first 12 months is considered ______.

Labor estimates are ______.

Norah is interested in developing her pricing policy.She wants to make a policy for which of the following?

Provide the line by line format of the Statement of Cash Flows.

List five examples of cash outflows.

The three essential financial statements include all of the following EXCEPT ______.

Shari discussed her income statement with you and described her report as reporting what the company owes, what it owns, and her shareholder stake at the last day of the prior month.This statement is an income statement.

The backlog report is ______.

The balance sheet shows ______.

Describe DOI.

Capital Equipment and Other Expenditures ______.

Describe how you calculate CCC, Cash Conversion Cycle.

Forecasting sales ______.

Vivienne wants to produce a report that measures her financial performance on a monthly basis.She wants to see selling- and expense-related activities that result in profit or loss over a period of time.She is interested in producing which of the following statements?

Arabella went to her accountant and learned about DOI, defined as the ______.

______ is the amount that customers owe to a company after receipt of item(s) purchased.

Jaylah has a 5-year bank loan with her business.The principle that is scheduled to be paid in the last 4 years is considered ______.

Describe DSO.

Entrepreneurship: a Global Social Movement

Practicing Entrepreneurship

Developing an Entrepreneurial Mindset

Supporting Social Entrepreneurship

Generating New Ideas

Using Design Thinking

Testing and Experimenting in Markets

Building Business Models

Planning for Entrepreneurs

Creating Revenue Models

Learning From Failure

Bootstrapping for Resources

Financing for Startups

Developing Networks

Navigating Legal and Ip Issues

Marketing and Pitching Your Idea

the Pitch Deck

Filters