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WGU 214 Financial Management PVCC 2024 With 100% Complete Solution

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WGU 214 Financial Management PVCC 2024 With 100% Complete Solution Secondary markets are where securities are initially offered to the public FALSE First place where securities are offered to the public Auction market Accounts payable represents money a firm owes to Suppliers due to purchases...

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  • February 25, 2024
  • 6
  • 2023/2024
  • Exam (elaborations)
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WGU 214 Financial Management PVCC 2024 With 100%
Complete Solution
Secondary markets are where securities are initially offered to the public

FALSE

First place where securities are offered to the public

Auction market

Accounts payable represents money a firm owes to

Suppliers due to purchases made on credit
notes payable represents a loan from bank
Also require a formal loan agreement.
A/P refers to the amount of which is owed by a business to its supplier

The matching principle in accrual accounting requires that

revenues are matched to the expenses incurred to generate the revenues

The evolution of retained earnings is best described by

change in RE= Net income- Dividends

Net fixed assets represents

current liab/assets: within next 12 months

The original cost of the firm's assets held for use less accumulated depreciation

The income statement represents a snapshot of the firm at one point in time

False. The income statement represents the result of operations over a PERIOD of time

The balance sheet represents the result of operations over a point in time

TRUE

Tax expense as shown on the income statement is the amount of cash the firm paid to the taxing
authority during the period.

Free cash flow (FCF) is different from Cash flows from operations (CFO) because FCF:

represents cash flow after required investment

NOT part of the Sarbanes- Oxley Act

assigns specific accounting firms to audit a firm based on its industry

, all firms that wish to make an initial public offering of equity or debt for non-accredited investors
must first file public disclosure data with the SEC

fact

which of the following acts was instituted in an effort to help prevent bank runs

Federal Reserve Act of 1913

which of the following committees was created as a result of the Dodd Frank Act?

Financial Stability Oversight Council

which of the following acts limited types of products a consumer bank could offer or hold, creating a
wall between commercial banks and investment banks?

Glass- Steagall Banking Act of 1933

which of the following acts loosened the regulation on types of products financial institutions could
offer?

Garn .St. Garmain Act

FINRA

Private organization that regulates firms selling securities in the United States (SEC) *NOT Govt

GAAP

accounting standards allow for significant managerial discretion in reported financial statements

Suppose the inventory turnover of a company is higher than the industry. Based on this observation,
which of the following is most likely?

the firm has too little inventory resulting in lost sales or stock-outs

which of the following is NOT a characteristic of ordinary annuities?

payments are made at the beginning of each period

ordinary annuity

Do not payout at the beginning

what type of bond is tax exempt?

municipal bonds

Why are bonds the primary method for raising capital?

they avoid the costs of the intermediary

the amount repaid at the expiration date is called:

Par Value

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