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WGU C214 Pre- Assessment Financial Management PVCC 2023/24
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WGU C214 Pre- Assessment Financial Management PVCC 2023/24 WGU C214 Pre- Assessment Financial Management PVCC 2023/24
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WGU KNOWLEDGE CENTERPRE-ASSESSMENT: FINANCIAL MANAGEMENT (PVCC)
Attempt #2
Status: Passed
1.
How can a private firm appropriately maximize shareholder value?
By increasing the firm’s stock price
By reducing the firm's labor
By making decisions that keep the control of the business with the owners
2.
Why are American regulators focused on international investing in a global marketplace?
Because international investing in a global marketplace is the concern of American investors
Because an exclusively domestically focused regulatory approach is still effective
Because weaving international concerns into domestic policy is cost-effective
Because other jurisdictions have the same priorities and solutions as the United States
3.
What is one of the two basic types of financial instruments?
YOU
ANSW
Checking accounts
Bonds
Euros
Hedge funds
4.
What are the likeliest outcomes if a company outsources the manufacturing of its products to a foreign country?
Choose 2 answers.
Consumer prices will decrease.
Tariffs will decrease.
Domestic wages will increase.
Production capacity will decrease.
Domestic employment will decrease.
5.
What do the content and structure of a balance sheet report?
, The gains and losses at a point in time
The revenues and expenses for a period of time
The assets, liabilities, and equity at a point in time
The expenses, assets, and liabilities for a period in time
6.
A company reported an increase in accounts receivable of $5,000 during the recent period. Half of this amount is expected to be collected next period.
How will this change in accounts receivable affect the cash flows from the operating activities section?
The change will decrease cash flows from operations by $2,500.
The change will increase cash flows from operations by $2,500.
The change will increase cash flows from operations by $5,000.
The change will decrease cash flows from operations by $5,000.
7.
Which statement accurately explains the recognition of revenues and expenses under accounting income and income for tax purposes?
Revenue and expenses recognized must be matched with assets.
Revenue and expenses recognized must be matched with liabilities.
Revenues and expenses may be recognized in one period for accounting income purposes and in a different period for income tax purpos
Revenues and expenses are always recognized in the same period for accounting income purposes and income for tax purposes.
8.
Selected Data for 20x2 for ABD Inc.
Net Income $ 1,000
Depreciation Expense $ 300
Change in Operating Assets $ 600
Change in Net Property, Plant, and Equipment $ 5,000
Changes in Long-Term Liabilities $ 1,000
Dividends Paid $ 200
What is this firm’s cash flow from investments, using the data above and assuming no asset disposals?
YOUR
ANSWER
$5,000 inflow
$5,000 outflow
$5,300 inflow
$5,300 outflow
9.
, What is the basic equation for a balance sheet?
Revenue + expenses = income
Assets = Liabilities − Equity
Revenue + Assets = Equity
Assets = Liabilities + Equity
10.
What do cash flows from investing activities generally relate to?
A firm’s debt and equity transactions
A firm’s purchase and sale of long-term assets
A firm’s sale of goods and services
A firm’s non-cash transactions
11.
Which transaction is reflected in cash flow from operating activities?
Amortization expense
Gain or loss on the sale of property, plant, and equipment
Credit sales to customers
Cash sales to customers
12.
What does free cash flow represent?
Cash flows from operating activities
Cash balance at the end of the period
Cash available for distribution after funding required reinvestment
Cash available for dividends
13.
An analyst is comparing the ratios of two firms and needs to address timing differences.
What is an example of a timing difference between these two firms?
The firms have different fiscal years.
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