Exam 17: Financial Statements and Projections for Startups

Shareholders equity is the same as ______.

Janis went to her accountant and learned about DSO, defined as the ______.

Beckett has purchased a business and now has intangible assets.He has ______.

Sally is worried about her backlog report.This is a report on orders that have been delivered but not yet paid by the customers.

Bill's business has sales of $100,000, inventory of $20,000, cost of goods sold of $31,000, and general and administrative expenses of $45,000.Bill's gross profit is $69,000.

Bill's business has sales of $100,000, inventory of $20,000, cost of goods sold of $31,000, and general and administrative expenses of $45,000.Bill's gross profit is $80,000.

Presenting carefully thought-out financial projections to investors is an exercise in lowering perceived risk in both you as an entrepreneur and your idea.

Jimi is very interested in managing his cash.You mentioned this course to him and tell him about ______.

When a company has long-term investments, it means they ______.

______ are assets converted into cash within a year.

Kurt has been given an Excel worksheet with his cash flow statement on it.He, by error, sorted the lines of the statement alphabetically.We need to help Kurt separate his cash flows into two categories: inflows and outflows.Which of the following should be a cash inflow?

The financial statement that subtracts cost of goods sold from revenue to arrive at gross profit is is a(n) ______.

Sandy's balance sheet is partially completed.However, she has total assets of $120,000 and total stockholder's equity of $15,000.Her liabilities should total $105,000.