strayer bus402 quiz 4

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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Rating:
5/
Solution: strayer bus402 quiz 4