BUS 100 Week 8 quiz 8
Strayer BUS 100 Week 8 quiz 8 (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.