Question 1

Arya wants to produce a financial report that shows the amounts the company owes,what it owns,including the shareholders' stake at a particular date in time.She wants to produce a/an ______.

Accepted Answer

A) balance sheet 
B) bookings order 
C) accounts receivable sheet 
D) income statement

Question 2

Describe DSO.

Accepted Answer

The answer of Describe DSO....

Question 3

Currents assets are cash and other assets such as inventory,accounts payable,and prepaid expenses that can be converted into cash within a year.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is a cash inflow?

Accepted Answer

A) wages 
B) shares 
C) payment to suppliers 
D) dividends to shareholders

Question 5

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

Accepted Answer

A) the process and timing in which obligations to pay for goods and services received by the business will be paid 
B) the price and timing of raw materials,and other goods and services necessary to build,sell,and support products 
C) how pricing will be determined for her products and services 
D) the process and timing in which obligations to pay for products and services sold will be billed and collected

Question 6

Norah is interested in developing her purchasing 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 her 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 7

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

Accepted Answer

A) True 
 B)False

Question 8

The balance sheet shows ______.

Accepted Answer

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

Question 9

What is the backlog?

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) orders that have been received but not delivered to the customer 
D) orders that have been delivered to the customer but not yet paid for

Question 10

A linkage between the financial statements includes which of the following?

Accepted Answer

A) Net income from the balance sheet is entered into the income statement. 
B) Net income from the income statement is entered into the retained earnings in the balance sheet. 
C) Assets have to equal liabilities. 
D) Cash is the total expenses on the income report.

Question 11

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

Accepted Answer

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

Question 12

Earnings before interest,taxes,depreciation,and amortization is the same as ______.

Accepted Answer

A) net income 
B) EB 
C) EBITDA 
D) operating profits

Question 13

Compare and contrast the balance sheet and the cash flow statement.

Accepted Answer

The answer of Compare and contrast the balance sheet and...

Question 14

Provide the line-by-line format of a balance sheet.

Accepted Answer

The answer of Provide the line-by-line format of a balance...

Question 15

Operating expenses include which of the following?

Accepted Answer

A) cost of goods sold 
B) liabilities,deferred expenses,and assets 
C) sales,general,and administrative expenses 
D) amortization and interest expense

Question 16

Ana is interested in developing her credit 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 her 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 17

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

Accepted Answer

A) True 
 B)False

Question 18

Brynlee paid $500,000 for a company,$100,000 in excess of the book value.Brynlee has ______.

Accepted Answer

A) $100,000 of expenses 
B) $100,000 of intangible assets 
C) goodwill of $100,000 
D) debt of $100,000

Question 19

Naseem 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 her 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 20

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

Accepted Answer

A) has cash,stocks,bonds,and/or real estate that has been on its books longer than one year 
B) should be selling them soon so it can become short-term profit 
C) has more cash than it needs and it is wasting it on long-term investments 
D) is going for a bank loan

Exam 9: Supplement B: the Pitch Deck

Arya wants to produce a financial report that shows the amounts the company owes,what it owns,including the shareholders' stake at a particular date in time.She wants to produce a/an ______.

Describe DSO.

Currents assets are cash and other assets such as inventory,accounts payable,and prepaid expenses that can be converted into cash within a year.

Which of the following is a cash inflow?

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

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

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

The balance sheet shows ______.

What is the backlog?

A linkage between the financial statements includes which of the following?

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

Earnings before interest,taxes,depreciation,and amortization is the same as ______.

Compare and contrast the balance sheet and the cash flow statement.

Provide the line-by-line format of a balance sheet.

Operating expenses include which of the following?

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

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

Brynlee paid $500,000 for a company,$100,000 in excess of the book value.Brynlee has ______.

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

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