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EEE 2023 Final Exam (okstate eastham) QUESTIONS WITH ANSWERS
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EEE 2023 Final Exam (okstate eastham) QUESTIONS WITH ANSWERS
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EEE 2023 Final Exam (okstate eastham)QUESTIONS WITH ANSWERS
financial |management |deals |with |2 |activities |- |correct |answers✔✔raising |money |and
|managing |a |companies |finances
financial |managements |overall |question |is... |- |correct |answers✔✔are |we |in |good
|shape |financially?
entrepreneurial |firm |main |financial |objectives |- |correct |answers✔✔profitability,
|liquidity, |efficiency, |and |stability
define |profitability |- |correct |answers✔✔the |ability |to |earn |a |profit
define |liquidity |- |correct |answers✔✔a |companies |ability |to |meet |its |short |term
|financial |obligations
define |efficiency |- |correct |answers✔✔how |productively |a |firm |utilizes |its |assets
|relative |to |its |revenue |and |its |profits
define |stability |- |correct |answers✔✔the |strength |and |vigor |of |the |firms |overall
|financial |posture
define |a |financial |statement |- |correct |answers✔✔a |written |report |that |quantitatively
|describes |a |firms |financial |health
define |forecasts |- |correct |answers✔✔an |estimate |of |a |firms |future |income |and
|expenses, |based |on |its |past |performance, |its |current |circumstances, |and |future
|plans
,define |budget |- |correct |answers✔✔itemized |forecasts |of |a |companies |financial |needs
the |process |of |financial |management |- |correct |answers✔✔preparation |of |historic
|financial |statements
preparation |of |forecasts |preparation |of |pro |forma |financial |statements
ongoing |analysis |of |financial |results
financial |ratios |purpose |is |to |- |correct |answers✔✔discern |whether |the |firm |is
|meeting |its |financial |objectives |and |how |it |stacks |up |against |its |industry |peers
most |common |SEC |required |filing |form |is |the |- |correct |answers✔✔10-K
pro |forma |financial |statements |are |- |correct |answers✔✔projections |for |future |periods
|based |on |forecasts
income |statement |reflects |the |results |of |the |operations |in |a |- |correct
|answers✔✔specific |period |of |time
define |profit |margin |- |correct |answers✔✔return |on |sales |(net |income/net |sales)
balance |sheet |reflects |the |result |of |the |operations |in |a |- |correct |answers✔✔specific
|point |in |time |(snapshot)
what |is |a |firms |current |ratio |- |correct |answers✔✔the |firms |current |assets |divided |by
|its |current |liabilities
the |statement |of |cash |flows |depicts |the |changes |in |a |fimrs |- |correct |answers✔✔cash
|position |for |a |specified |period |of |time
define |break |even |point |- |correct |answers✔✔total |revenues=total |costs
, define |working |capital |- |correct |answers✔✔current |assets- |current |liabilities
what |is |not |a |question |the |financial |management |of |the |firm |deals |with |- |correct
|answers✔✔how |can |we |sell |our |products?
what |is |not |a |main |financial |obligation |of |the |firm |- |correct |answers✔✔affordability
what |is |an |important |tool |for |financial |planning |and |control |- |correct
|answers✔✔budgets
what |is |a |statistical |technique |that |finds |relationships |between |variables |to |predict
|future |values |- |correct |answers✔✔regression |analysis
to |keep |a |firm |stable |it |must |earn |a |profit |but |also |keep |its |- |correct
|answers✔✔debt |in |check
what |is |accounting |and |bookkeeping |schedule |- |correct |answers✔✔business |entity
business |transactions
accountant/ |bookkeeping
analyze, |record, |summarize
when |do |you |have |to |establish |a |merchant |account |- |correct |answers✔✔if |you |plan
|to |accept |credit |cards
how |credit |card |payments |work |- |correct |answers✔✔authorization, |capture,
|settlement
what |is |the |startup |budget |- |correct |answers✔✔the |cost |to |launch |the |business
what |are |ramp |up |expenses |- |correct |answers✔✔a |time |when |a |firm |is |losin |money
|until |they |are |fully |up |to |speed
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