Exam (elaborations)
EEE 2022/2023 FINAL EXAM QUESTIONS WITH CORRECT ANSWERS ASSUARED SUCCESS A+
- Course
- Institution
EEE 2022/2023 FINAL EXAM QUESTIONS WITH CORRECT ANSWERS ASSUARED SUCCESS A+
[Show more]
Seller
Follow
Expertsolutions
Reviews received
Content preview
EEE 2022/2023 FINAL EXAM QUESTIONS WITHCORRECT ANSWERS ASSUARED SUCCESS A+
Accounts Receivable - ANSWER-the money owed to a firm by its customers
assumption sheet - ANSWER-an explanation in a new firm's business plan of
the sources of the numbers for its financial forecast and the assumptions
used to generate them
Balance Sheet - ANSWER-a snapshot of a company's assets, liabilities and
owner's equity at a specific point in time
break-even point - ANSWER-the point where total revenue received equals
total costs associated with the output
budgets - ANSWER-itemized forecasts of a company's income expenses, and
capital needs that are also important tools for financial planning and
controlling
constant ratio method of forecasting - ANSWER-a forecast approach using
the precent of sales method in which expense items on a firm's income
statement are expected to grow at the same rates as sales
cost of sales - ANSWER-all of the direct costs associated with producing or
delivering a product or service, including the material costs and direct labor
costs
current assets - ANSWER-cash plus items that are readily convertible to
cash, such as accounts receivable, inventories, and marketable securities
current liabilities - ANSWER-obligations that are payable within a year,
including accounts payable, accrued expenses and the current portion of
long-term debt
current ratio - ANSWER-a ratio that equals the firm's current assets divided
by its current liabilities
debt-to-equity ratio - ANSWER-a ratio calculated by dividing the firm's long-
term debt by its shareholders' equity
efficiency - ANSWER-how productively a firm utilizes its assets relative to its
rate of return
financial management - ANSWER-the process of raising money and managing
a company's finances in a way that achieves the highest rate of return
,EEE 2022/2023 FINAL EXAM QUESTIONS WITH
CORRECT ANSWERS ASSUARED SUCCESS A+
financial ratios - ANSWER-ratios showing the relationship between items on a
firm's financial statements that are used to discern whether a firm is meeting
its financial objectives and how it stacks up against industry peers
financial statement - ANSWER-written reports that quantitatively describe a
firm's financial health
financing activities - ANSWER-activities that raise cash during a certain period
by borrowing money or selling stock, and/or use cash during a certain period
by paying dividends, buying back outstanding stock, or buying back
outstanding bonds
fixed assets - ANSWER-assets used over a longer time frame, such as real
estate, buildings, equipment and furniture
forecasts - ANSWER-estimates of a firm's future income and expenses,
based on its past performance, its current circumstances and its future
plans
historical financial statements - ANSWER-reflect past performances and are
usually prepared on a quarterly and annual basis
income statement - ANSWER-a financial statement that reflects the results
of the operations of a firm over a specified period of time: prepared on a
monthly, quarterly, and annual basis
inventory - ANSWER-a company's merchandise, raw materials, and products
waiting to be sold
investing activities - ANSWER-activities that include the purchase, sale or
investment in fixed assets, such a real estate or buildings
liquidity - ANSWER-the ability to sell a business or other assets quickly at a
price that is close to market value; also, a company's ability to meet its
short-term financial obligations
long-term liabilities - ANSWER-notes or loans that are repayable beyond one
year, including liabilities associated with purchasing real estate, buildings and
equipment
net sales - ANSWER-total sales minus allowances for returned goods and
discounts
operating activities - ANSWER-activities that affect net income (or loss),
depreciation, and changes in current assets and current liabilities other than
cash and short-term debt
operating expenses - ANSWER-marketing, administrative costs, and other
expenses not directly related to producing a product or service
, EEE 2022/2023 FINAL EXAM QUESTIONS WITH
CORRECT ANSWERS ASSUARED SUCCESS A+
other assets - ANSWER-miscellaneous assets including accumulated goodwill
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Expertsolutions. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now