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OL320S_Chap 8: Assessing Financial Strength & Viability Flashcards | StudBud
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OL320S_Chap 8: Assessing Financial Strength & Viability
OL320S_Chap 8: Assessing Financial Strength & Viability
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1
What are the financial objectives of entreprenuerial ventures?
Effective Control
Remaining months liquidity
Company stability
Customer satisfaction
2
The 2 primary functions of the financial management of a firm are to raise money and manage company's finances.
True
False
3
Which of the following is the type of historical financial statements?
Balance sheet, statement of cash flows & assumptions sheet
Income statement, ratio analysis & balance sheet
Income statement, balance sheet & statement of cash flows
Statement of cash flows, regression analysis & income statement
4
__ are estimates of a firm's financial states based on its past performance, current circumstances & future plans
Sales Forecast
Budget
Forecast
Assumption Sheet
5
A pro forma financial statement is used to __
Reflect past performance
Period future performance
Measure the changes in owner equity throughout a specific accounting period
Record operational cost
6
Which of the following is the correct sequence of the process of financial management?
II - III - IV - I
I - IV - II -III
III - I - IV - II
III - IV - I - II
7
Pro forma financial statement is done at the first stage of financial management.
True
False
