BUS 402 QUIZ 4
BUS 402 Quiz 4
1.
The profit and
loss statement is also referred as the ________.
2.
________ are
those things that a business owns which have value.
3.
The ________
ratio is a measure of the small company's ability to pay current debts from
current assets.
4.
________ are
those items of value the business owns; ________ are those things the business
owes.
5.
________ are
those things that a business owes; they represent creditors' claims against the
business.
6.
The statement of
cash flow:
7.
The ________
ratio is the liquidity ratio most commonly used as a measure of short-term
solvency.
8.
The ________
ratio measures the owner's rate of return on the investment in the business.
9.
Dividing gross
profit by net sales produces:
10.
When a company
is forced into liquidation, owners are most likely to incur a loss when selling:
11.
________ ratios
tell whether or not the small company will be able to meet its maturing
obligations as they come due.
12.
________ ratios
indicate how efficiently the small firm is being managed.
13. Depreciation is:
14.
What is the
difference between price per unit and variable cost per unit?
15.
A technique that
allows the small business owner to perform financial analysis by understanding
the relationship between two accounting elements is called:
16.
An important
source of credit information that collects information on small businesses that
other reporting services ignore is:
17.
If a small
business owner receives a "Notice of Filing" from a customer, he
should:
18.
________
companies are most likely to suffer cash shortages.
19.
The budgeting
strategy that evaluates the necessity of every item on the budget each year by
starting with a zero in each budget category is called:
20.
An arrangement
in which customers mail their payments on account to a post office box which
the company's bank monitors, from which it collects the payments, and then
immediately deposits the payments into the firm's interest-bearing account is
called a:
21.
When forecasting
cash disbursements in the cash budget:
22.
The first step
in managing cash more effectively is:
23.
________ is
simply a "cash map" which shows the amount and the timing of cash
receipts and cash disbursements over time.
24.
________ is
simply the money owed the firm by customers because they've purchased goods or
services on credit.
25.
When investing
surplus cash, the small business owner's key objectives should be:
26.
________ is the
money that moves through the business in a continuous cycle.
27.
The most
important item on the balance sheet is:
28.
A bank account
that technically never has funds in it but is tied to another master account so
that when checks are presented for payment the master account is debited,
permitting the company to use its own money during the "float"
period, is called a(n):
29.
________ is not
one of the three estimates a financial analyst suggests.
30.
Generally
speaking, most small business owners tend to:
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