test one Ch. 1-3
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| all asset increases are uses of cash | true, outflow
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| using percent of sales as a forecasting tool will routinely inflate profits as sales rise and deflate profits as sales increase | false
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| dividends are not a tax deductible expense | true
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| interest is not a tax deductible expense | false
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| cash flow is defined as NPBT plus noncash charges | false, net income after taxes plus noncash charges
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| the debt ratio is equivalent to (TA-NW)/NW | false, liabilities/assets
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| all liability increases are considered a use of cash | false they are a source of cash
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| in the investment community investment bankers are retailers | false they are wholesalers
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| EPS of preferred stock divided into market price yields the PE or price earnings ratio | false, common stock does
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| inventory turnover, average inventory/COGS, is generally best when increasing | false its COGS/average inv
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| goodwill is defined as cost in excess of net assets of business acquired | true, GW=PP-NW
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| a treasury bond or bill is an IOU of the federal reserve bank | false, federal gov
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| as a business manager your primary goal should be to maximize EPS | false, cash flow
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| limited liability is the primary distinction between the corporate and other forms of business | false the raising and accumulation of cash is
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| the leverage ratio is equivalent to (ta-nw)/ta | false thats the debt ratio
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| depreciation is defined as the expensing of any asset over its useful life as defined by the IRS | false it has to be a fixed or tangible asset
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| the capital market deals with short term investments | false the money market deals with short term while the capital market deals with long term
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| in order to cause a rise in interest rates the federal reserve bank would sell a portion of its government investments | true
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| finance | the planning, use, and science of money for businesses, individuals, and organizations
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| what is the difference between finance and accounting | finance = using numbers to plan future
accounting = using past numbers
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| what aspect of finance is essential for economies to grow? | a medium of exchange
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| cash flow | net profit after tax plus non cash charges (depletion and depreciation plus amortization)
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Created by:
akmacleod
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