WGU D076 Finance Skills for Managers Questions and Answers 100% Pass
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Course
WGU D076 Finance Skills
Institution
WGU D076 Finance Skills
WGU D076 Finance Skills for Managers
Questions and Answers 100% Pass
Accounting
The system of recording, reporting, and summarizing past financial information and transactions.
Accounts Receivable Turnover (AR Turnover)
An activity ratio found by credit sales divided by accounts receivable.
A...
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WGU D076 Finance Skills for Managers
Questions and Answers 100% Pass
Accounting
The system of recording, reporting, and summarizing past financial information and transactions.
Accounts Receivable Turnover (AR Turnover)
An activity ratio found by credit sales divided by accounts receivable.
Activity Ratios
A category of ratios that measure how well a company uses its assets to generate sales or cash,
showing the firm's operational efficiency and profitability.
Additional Funds Needed (AFN)
Another name for the discretionary financing needed or external financing needed. It represents
the additional financing needed given a firm's expectations for future growth.
,Affirmative Covenants
A bond covenant that describes things the company pledges itself to do in order to protect
bondholders.
Agency Costs
Costs that are incurred when management does not act in the best interest of shareholders.
Agency Problem
When the agent (the management) does not act in the best interest of the principle (the owners).
Aggressive Assets
Companies or securities with beta greater than 1.
,Annual Percentage Rate
The annual interest rate that is charged for borrowing money or that is earned through
investment.
Annuity Due
A series of equal payments made at the beginning of consecutive periods.
Annuity
A stream of cash flows of an equal amount paid every consecutive period.
Asset Pricing
The process of valuing assets.
, Auction Market
A secondary market with a physical location and where prices are determined by investors'
willingness to pay.
Average Collection Period (ACP)
An activity ratio found by the number of days in a year (365) divided by AR turnover.
Balance Sheet Forecasting
Using sales growth and the profit forecast to construct a pro forma balance sheet to understand
the future implications of the sources and uses of finances.
Banks and Credit Unions
Receive deposits and extend loans to individuals and businesses.
Benchmarking
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