strayer bus402 quiz 4

Question # 00024590 Posted By: spqr Updated on: 08/31/2014 02:44 AM Due on: 09/21/2014
Subject Business Topic General Business Tutorials:
Question
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Question 1

2 out of 2 points

Correct

The ________ is built on the basic accounting equation: Assets = Liabilities + Owner's Equity.

Question 2

2 out of 2 points

Correct

The most meaningful basis for comparing operating ratios is:

Question 3

2 out of 2 points

Correct

Dividing gross profit by net sales produces:

Question 4

0 out of 2 points

Incorrect

________ ratios help a business owner evaluate the company's performance and indicate how effectively the business employs its resources.

Question 5

2 out of 2 points

Correct

________ ratios indicate how efficiently the small firm is being managed.

Answer

Question 6

2 out of 2 points

Correct

________ measure the financing supplied by the company's owners against that supplied by its creditors and serve as a gauge of the depth of a company's debt.

Question 7

2 out of 2 points

Correct

As a general rule, financial analysts suggest that a small business maintain a(n) ________ ratio of at least 2:1.

Question 8

2 out of 2 points

Correct

________ are those things that a business owns which have value.

Question 9

2 out of 2 points

Correct

The ________ ratio is a measure of a company's ability to make the interest payments on its debt.

Answer

Question 10

2 out of 2 points

Correct

The ________ ratio is a measure of the small company's ability to pay current debts from current assets.

Question 11

2 out of 2 points

Correct

The statement of cash flow:

Question 12

2 out of 2 points

Correct

________ are those items of value the business owns; ________ are those things the business owes.

Answer

Question 13

2 out of 2 points

Correct

The ________ ratio is a conservative measure of a firm's liquidity and shows the extent to which a firm's most liquid assets cover its current liabilities.

Question 14

2 out of 2 points

Correct

A pro forma financial statement means:

Answer

.

Question 15

2 out of 2 points

Correct

________ ratios measure the financing supplied by business owners and that supplied by the firm's creditors.

Question 16

2 out of 2 points

Correct

The most important item on the balance sheet is:

Question 17

0 out of 2 points

Incorrect

An important source of credit information that collects information on small businesses that other reporting services ignore is:

Question 18

2 out of 2 points

Correct

Once the owner determines an adequate minimum cash balance, what is the next step in creating a cash budget?

Question 19

2 out of 2 points

Correct

Once a credit account becomes past due, a small business owner should:

Question 20

2 out of 2 points

Correct

Efficient cash managers:

Answer

Question 21

2 out of 2 points

Correct

The Fair Debt Collection Practices Act prohibits business owners from:

Question 22

2 out of 2 points

Correct

The cash budget is based on the ________ method of accounting.

Question 23

2 out of 2 points

Correct

The first step to building a workable credit policy is:

Question 24

2 out of 2 points

Correct

Once a small business has established a firm written credit policy and communicated it, the next step in building an effective credit policy is to:

Question 25

2 out of 2 points

Correct

________ is not one of the three estimates a financial analyst suggests.

Question 26

2 out of 2 points

Correct

Which of the following is an effective way to trim overhead?

Question 27

2 out of 2 points

Correct

Which of the following items appear on a cash budget?

Question 28

2 out of 2 points

Correct

When investing surplus cash, the small business owner's key objectives should be:

Question 29

2 out of 2 points

Correct

When it comes to trade credit, the small business owner:

Question 30

0 out of 2 points

Incorrect

________ companies are most likely to suffer cash shortages.

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Tutorials for this Question
  1. Tutorial # 00023999 Posted By: spqr Posted on: 08/31/2014 02:45 AM
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