100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
WGU C214 Financial Management OA Study Set All Answers Verified £8.26
Add to cart

Exam (elaborations)

WGU C214 Financial Management OA Study Set All Answers Verified

 0 purchase

WGU C214 Financial Management OA Study Set All Answers Verified Trading on the NYSE is executed without a specialist (i.e., a market maker). True or False? - ️False Stocks and Bonds are two types of financial instruments. True or False? - ️True When revenue is matched with the cost of s...

[Show more]

Preview 3 out of 19  pages

  • July 8, 2024
  • 19
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (1)
avatar-seller
bestscores1
WGU C214 Financial Management OA Study Set All Answers Verified
Trading on the NYSE is executed without a specialist (i.e., a market maker). True or False?


- ✔️False




Stocks and Bonds are two types of financial instruments. True or False?


- ✔️True




When revenue is matched with the cost of sales in an income statement, it is called:


- ✔️The matching principle




The basic balance sheet equation is:


- ✔️Equity = Assets - Liabilities




The balance sheet is known as the permanent statement because:


- ✔️Other financial statements are reset at the end of the fiscal year.




To calculate the change in retained earnings:


- ✔️Net income - dividends

,Sales - Cost of Sales - other expenses equals:


- ✔️Operating Income or EBIT




Four accounts that are part of total assets include:


- ✔️Cash, Accounts receivable, Inventory, Long-term assets




Three accounts that are part of total liabilities include:


- ✔️Bonds, Accounts payable, Mortgage




Four accounts that are part of current assets include:


- ✔️Inventory, Cash, Accounts receivable, Short-term investments




Three accounts included only in cash flow from financing are:


- ✔️Common stock, Dividends paid, Bonds payable




The statement of cash flows is defined as:

, - ✔️A statement calculated for the same period of time as the income statement, based on the income

statement and changes in the balance sheet, and is one of the three basic accounting statements.




When fixed assets increase, cash:


- ✔️Cash will decrease




The purpose of the statement of cash flows is to:


- ✔️Explain the change in cash over a specified time frame.




If a company's inventory turnover is higher than the industry average, it most likely means:


- ✔️The firm has too little inventory, leading to lost sales or stock-outs.


If a company wishes to obtain a bank loan, will it want to have a higher current ratio or a lower current

ratio? ✔️Higher




The Operating Income Return on Investment (OIROI) uses what elements on the income statement?

✔️EBIT and total assets




Why would a company be interested in the Total Asset Turnover (TAT) ratio? ✔️To see how efficient

are at producing sales

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 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 bestscores1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £8.26. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69411 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 15 years now

Start selling
£8.26
  • (0)
Add to cart
Added