Exam (elaborations)
Business 101_ Chapter 9.
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- NUR 240 EXAM 2 Practice Questions.
Business 101_ Chapter 9.
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Business 101: Chapter 9Asset Management Ratios - ANS-Financial ratios that measure how effectively a firm is
using its assets to generate revenues or cash.
Budgeted Balance Sheet - ANS-A projected financial statement that forecasts the types
and amounts of assets a firm will need to implement its future plans and how the firm
will finance those assets. (Also called a pro forma balance sheet.)
Budgeted Income Statement - ANS-A projection showing how a firm's budgeted sales
and costs will affect expected net income. (Also called a pro forma income statement.)
Capital Budgeting - ANS-The process a firm uses to evaluate long-term investment
proposals.
Capital Structure - ANS-The mix of equity and debt financing a firm uses to meet its
permanent financing needs.
Cash Equivalents - ANS-Safe and highly liquid assets that many firms list with their
cash holdings on their balance sheet.
Certificate of Deposit (CD) - ANS-An interest-earning deposit that requires the funds to
remain deposited for a fixed term. Withdrawal of the funds before the term expires
results in a financial penalty.
Commercial Paper - ANS-Short-term (and usually unsecured) promissory notes issued
by large corporations.
Debt Financing - ANS-Funds provided by lenders (creditors).
Dodd-Frank Act - ANS-A law enacted in the aftermath of
the financial crisis of 2008-2009 that strengthened government oversight of financial
markets and placed limitations on risky financial strategies such as heavy reliance on
leverage.
Equity Financing - ANS-Funds provided by the owners of a company.
Factor - ANS-A company that provides short-term financing to firms by purchasing their
accounts receivables at a discount.
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