100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
BFIN 300 PRACTICE QUESTIONS WITH CORRECT ANSWERS CA$19.59   Add to cart

Exam (elaborations)

BFIN 300 PRACTICE QUESTIONS WITH CORRECT ANSWERS

 1 view  0 purchase
  • Course
  • BFIN 300
  • Institution
  • BFIN 300

BFIN 300 PRACTICE QUESTIONS WITH CORRECT ANSWERS 3 required financial statements - Answer-income statement, statmenet of cash flows, balance sheet Shareholders - Answer-are interested in historical performance, relationship between reported earnings and cash flows Creditors - Answer-bank, s...

[Show more]

Preview 1 out of 4  pages

  • October 9, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BFIN 300
  • BFIN 300
avatar-seller
BFIN 300 PRACTICE QUESTIONS
WITH CORRECT ANSWERS
3 required financial statements - Answer-income statement, statmenet of cash flows,
balance sheet

Shareholders - Answer-are interested in historical performance, relationship between
reported earnings and cash flows

Creditors - Answer-bank, stockholder, financial managers, asses why the business
needs money, interested in the businesses current capital structure

What do creditors want to see - Answer-More equity Less debt

Balance sheet - Answer-summary of assets and liabilities, a snapshot of a business in a
point in time

Income statement - Answer-measure performance of company over a period of time

Working Capital - Answer-= current assets - liabilities

Assets - Answer-= liabilities + shareholders equity

Current Assets - Answer-cash, accounts receivable, bonds, securities

Cashflow Statement - Answer-measures cash coming into the business and cash
leaving

Historical Cost - Answer-price that the business paid for that asset, no matter how long
ago it was

Difference between assets and liabilites - Answer-shareholders equity

Financial Leverage - Answer-use of debt in capital structure because it can
improve/magnify earnings. Ex. hedge fund
Book Value - Answer-Does not reflect what an asset is actually worth. the value of a
business according to its books or accounts

Goodwill - Answer-excess purchase price over the company

Income = - Answer-Revenue - Expenses

First items report on income statement - Answer-Revenue & Expenses

Lasst Item on income statment - Answer-Net Income

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller victoryguide. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$19.59. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$19.59
  • (0)
  Add to cart