JPC NEW FIN-350 Exam 1 Quiz

Which of the following would be least likely to participate in the financial markets?

Which financial statement is: Assets = liabilities + owners' equity

Capital is exchanged in the...

"Spreading the financial statement" is another way of saying

Who analyzes a company or evaluates their business or performance and reports their findings to investors?

The current ratio, the quick ratio, and the cash ratio are all

A group of persons elected by the stockholders to manage a corporation is a

A firm with a good inventory management strategy will have a high inventory turnover ratio.

Which ratio would tell you the # of days accounts receivable are held before the firm collects cash from their sales?

Using ratios to evaluate a firm's performance over time is known as ______.

The actual inflows and outflows of cash is shown in which financial statement?

The form of business organization that is has the widest access to capital is the _____.

The form of business organization that provides control, is easy to start, but has unlimited liability is the ____.

The cash flow of a company is the same as the net income found on the income statement

Which one of the following payments can a corporation deduct when it comes to taxes?

An way a firm may try to reduce agency problems is by offering managers _____.

The goal of a business should be:

What is a term used for the funds supplied by owners (shareholders) and represents a residual claim on the firm?

A high accounts payable ratio or a low average payment period ratio is considered to be a sign of good management

Which group of ratios shows the firm's ability to pay short-term obligations to creditors?

This subarea of finance includes decisions about retained earnings, how to raise capital, and which projects to fund

Which financial statement would show things like stockholders' equity, paid-in surplus, and net plant & equipment

Which of the following is NOT a subarea of finance?

Paying off long-term debt or increasing inventory will result in an decrease in a firm's cash.