Exam (elaborations)
WGU - C214 FINANCIAL MANAGEMENT - FINAL QUESTIONS AND ANSWERS 2024
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WGU - C214 FINANCIAL MANAGEMENT - FINAL QUESTIONS AND ANSWERS 2024
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WGU - C214 FINANCIAL MANAGEMENT -FINAL
Name two types of secondary markets? - ANSWERS-New York Stock Exchange
(NYSE) and the NASDAQ
Define or describe an income statement? - ANSWERS-Reports the company's
revenues and expenses during a particular period of time. Also reports net income
or net loss. Always prepared first.
Define Free Cash Flow - ANSWERS-Represents the cash a company generates
after accounting for cash outflows to support operations and maintain its capital
assets
Give two examples of accounting estimates used in financial accounting? -
ANSWERS-Depreciation and Salvage Value
Give an example of an accounting difference? - ANSWERS-Companies using
different accounting methods / such as Inventory.
What securities issued by the federal government is taxable? - ANSWERS-Treasury
Bonds
What is a secured loan? - ANSWERS-Means that some type of asset is being used
as collateral to back the loan.
, What is an unsecured loan? - ANSWERS-loan is one that is not backed by a specific
asset. An example of an unsecured loan is the line of credit offered by credit card
companies.
At what price will a bond sell if the required rate of return is equal to the coupon
rate? - ANSWERS-The price will be equal to its par value. At a par price, the yield
will equal the coupon rate.
What is the difference in paying dividend on a common stock and preferred
stock? - ANSWERS-Preferred stock has priority over common stock in the
payment of dividends
What financial ratio is used in the comparables method? - ANSWERS-P/E Ratio or
Price/Earnings Ratio
How does an increase in market interest rate impact the cost of debt? -
ANSWERS-The cost of debt will decrease
What are the three costs associated with inventory? - ANSWERS-- Product Costs
- Storage Costs
- Opportunity Costs
What financial ratios are used to determine efficient working capital
management? - ANSWERS-- Current Ratio
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