Finc 420 final exam - Study guides, Class notes & Summaries

FINC 420 Final Exam Latest Update...

Distinctions between finance and accounting - correct answer Accounting - focuses on accurately tracking and reporting financial transactions. Finance - focuses on 1) activities that create financial transactions and 2) the strategic use of financial statements Timeline of submissions in an accounting cycle - correct answer Managers will present some of this relevant information on the day after ...

The percent of sales method can be used to forecast: expenses assets liabilities all of the above - correct answer All of the above The percent of sales method does not provide a reasonable prediction of asset levels for instances when there are economies of scale in the use of the asset being forecast and when asset purchases are lumpy. True False - correct answer True Issuing new short-ter...