Question 1 The shows the cash flowing in and out of a firm through its operating investing and september 2023
Strayer BUS 100 Week 8 quiz 7 (2015) 0-2
• Question 1 The _____ shows the cash flowing in and out of a firm through its operating, investing, and financing activities. • Question 2 According to the _____ method of accounting, revenues are recognized when they are earned, and payment is reasonably assured • Question 3 The _____ summarizes a firm’s financial position at a specific point in time (i.e., a specific quarter or year). • Question 4 As a _____ you work within an organization, preparing reports and analyzing financial information such as budgets and cost management. • Question 5 While _____ is concerned with preparing financial statements for external stakeholders according to a fixed schedule, _____ provides information to internal stakeholders on an “as needed” basis. • Question 6 _____ compares information contained in a firm’s financial statements over a period of two or more years. • Question 7 _____ addresses the needs of the external stakeholders, including stockholders, creditors, and government regulators. • Question 8 Accountants define cost as • Question 9 _____ is a technique used by managerial accountants to assign product costs based on links between activities that drive costs and the production of specific products. • Question 10 _____ provide reports, information, and analysis to managers to assist them with making better informed decisions. • Question 11 _____ are companies that provide short-term financing to firms by purchasing accounts receivable at a discount. • Question 12 A _____ is used to predict when a firm will likely experience temporary shortages or surpluses of cash. • Question 13 When a firm reinvests some of its net income rather than distributing it to owners, the result is an increase in the firm’s • Question 14 For financial managers to be socially responsible, it requires them • Question 15 _____ ratios measure the ability of an organization to convert assets into the cash it needs to pay off liabilities that come due in the next year. • Question 16 In its narrowest sense, a firm’s _____ consists of its holdings of currency and demand deposits. • Question 17 _____ represent(s) funds that arise as a natural result of a firm’s business operations without the need for special arrangements. • Question 18 _____ is the functional area of business that is responsible for finding, among many alternatives, the best sources of funds and the best way to use them. • Question 19 Historically the most widely accepted goal of financial management is • Question 20 _____ consist(s) of short-term unsecured promissory notes issued by financial institutions and other major corporations. Strayer BUS 100 Week 8 quiz 7 (2015) 1 • Question 1 Key numbers that financial managers use to calculate ratios usually come from the firm’s • Question 2 For financial managers to be socially responsible, it requires them • Question 3 A(n)_____ measures the extent to which a firm relies on debt to meet its financing needs. • Question 4 Historically the most widely accepted goal of financial management is • Question 5 • Question 6 A _____ is used to predict when a firm will likely experience temporary shortages or surpluses of cash. • Question 7 _____ ratios measure the ability of an organization to convert assets into the cash it needs to pay off liabilities that come due in the next year. • Question 8 As a short-term credit arrangement, banks sometimes extend _____, which are guaranteed lines of credit in which the firm pays a commitment fee on unused portions of the funds the bank has committed. • Question 9 In its narrowest sense, a firm’s _____ consists of its holdings of currency and demand deposits. • Question 10 _____ are short-term IOUs issued by the U.S. government that mature in 4, 13, or 26 weeks. • Question 11 _____ are valuable things owned by the firm. • Question 12 The _____ shows the cash flowing in and out of a firm through its operating, investing, and financing activities. • Question 13 The _____ indicates whether a firm earned a profit or suffered a loss over the past accounting period. • Question 14 _____ provide reports, information, and analysis to managers to assist them with making better informed decisions. • Question 15 Bookkeepers encompass the routine procedures involved in reporting information about the financial transactions that affect an organization, while _____ go further by analyzing and interpreting this information and communicating the results to stakeholders. • Question 16 _____ compares information contained in a firm’s financial statements over a period of two or more years. • Question 17 _____ is a system for recognizing, recording, organizing, summarizing, analyzing, and reporting information about the financial transactions that affect an organization. • Question 18 _____ is/are the claims owners have against their firm’s assets. • Question 19 Investors are provided with _____ from the firms whose stock they own. These documents provide additional information about the firm’s practices and operations. • Question 20 _____ accountants provide services such as tax preparation, external auditing, or management consulting to clients on a fee basis. Strayer BUS 100 Week 8 quiz 7 (2015) 2 • Question 1 Key numbers that financial managers use to calculate ratios usually come from the firm’s • Question 2 For financial managers to be socially responsible, it requires them • Question 3 A(n)_____ measures the extent to which a firm relies on debt to meet its financing needs. • Question 4 Historically the most widely accepted goal of financial management is • Question 5 • Question 6 A _____ is used to predict when a firm will likely experience temporary shortages or surpluses of cash. • Question 7 _____ ratios measure the ability of an organization to convert assets into the cash it needs to pay off liabilities that come due in the next year. • Question 8 As a short-term credit arrangement, banks sometimes extend _____, which are guaranteed lines of credit in which the firm pays a commitment fee on unused portions of the funds the bank has committed. • Question 9 In its narrowest sense, a firm’s _____ consists of its holdings of currency and demand deposits. • Question 10 _____ are short-term IOUs issued by the U.S. government that mature in 4, 13, or 26 weeks. • Question 11 _____ are valuable things owned by the firm. • Question 12 The _____ shows the cash flowing in and out of a firm through its operating, investing, and financing activities. • Question 13 The _____ indicates whether a firm earned a profit or suffered a loss over the past accounting period. • Question 14 _____ provide reports, information, and analysis to managers to assist them with making better informed decisions. • Question 15 Bookkeepers encompass the routine procedures involved in reporting information about the financial transactions that affect an organization, while _____ go further by analyzing and interpreting this information and communicating the results to stakeholders. • Question 16 _____ compares information contained in a firm’s financial statements over a period of two or more years. • Question 17 _____ is a system for recognizing, recording, organizing, summarizing, analyzing, and reporting information about the financial transactions that affect an organization. • Question 18 _____ is/are the claims owners have against their firm’s assets. • Question 19 Investors are provided with _____ from the firms whose stock they own. These documents provide additional information about the firm’s practices and operations. • Question 20 _____ accountants provide services such as tax preparation, external auditing, or management consulting to clients on a fee basis.
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