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strayer bus402 quiz 4




Question;Question 1;2 out of 2 points;Correct;The ________ is built on the basic accounting equation;Assets = Liabilities + Owner's Equity.;Question 2;2 out of 2 points;Correct;The most meaningful basis for comparing operating ratios is;Question 3;2 out of 2 points;Correct;Dividing gross profit by net sales produces;Question 4;0 out of 2 points;Incorrect;ratios help a business owner evaluate the company's;performance and indicate how effectively the business employs its resources.;Question 5;2 out of 2 points;Correct;ratios indicate how efficiently the small firm is;being managed.;Answer;Question 6;2 out of 2 points;Correct;measure the financing supplied by the company's;owners against that supplied by its creditors and serve as a gauge of the depth;of a company's debt.;Question 7;2 out of 2 points;Correct;As a general rule, financial analysts suggest that a small;business maintain a(n) ________ ratio of at least 2:1.;Question 8;2 out of 2 points;Correct;are those things that a business owns which have;value.;Question 9;2 out of 2 points;Correct;The ________ ratio is a measure of a company's ability to;make the interest payments on its debt.;Answer;Question 10;2 out of 2 points;Correct;The ________ ratio is a measure of the small company's;ability to pay current debts from current assets.;Question 11;2 out of 2 points;Correct;The statement of cash flow;Question 12;2 out of 2 points;Correct;are those items of value the business owns;are those things the business owes.;Answer;Question 13;2 out of 2 points;Correct;The ________ ratio is a conservative measure of a firm's;liquidity and shows the extent to which a firm's most liquid assets cover its;current liabilities.;Question 14;2 out of 2 points;Correct;A pro forma financial statement means;Answer.;Question 15;2 out of 2 points;Correct;ratios measure the financing supplied by business;owners and that supplied by the firm's creditors.;Question 16;2 out of 2 points;Correct;The most important item on the balance sheet is;Question 17;0 out of 2 points;Incorrect;An important source of credit information that collects;information on small businesses that other reporting services ignore is;Question 18;2 out of 2 points;Correct;Once the owner determines an adequate minimum cash balance;what is the next step in creating a cash budget?;Question 19;2 out of 2 points;Correct;Once a credit account becomes past due, a small business;owner should;Question 20;2 out of 2 points;Correct;Efficient cash managers;Answer;Question 21;2 out of 2 points;Correct;The Fair Debt Collection Practices Act prohibits business;owners from;Question 22;2 out of 2 points;Correct;The cash budget is based on the ________ method of;accounting.;Question 23;2 out of 2 points;Correct;The first step to building a workable credit policy is;Question 24;2 out of 2 points;Correct;Once a small business has established a firm written credit;policy and communicated it, the next step in building an effective credit;policy is to;Question 25;2 out of 2 points;Correct;is not one of the three estimates a financial;analyst suggests.;Question 26;2 out of 2 points;Correct;Which of the following is an effective way to trim overhead?;Question 27;2 out of 2 points;Correct;Which of the following items appear on a cash budget?;Question 28;2 out of 2 points;Correct;When investing surplus cash, the small business owner's key;objectives should be;Question 29;2 out of 2 points;Correct;When it comes to trade credit, the small business owner;Question 30;0 out of 2 points;Incorrect;companies are most likely to suffer cash shortages.


Paper#54496 | Written in 18-Jul-2015

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