EEE Oklahoma State Final Exam Questions With Correct Answers
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Course
EEE Oklahoma State
Institution
EEE Oklahoma State
EXAM STUDY MATERIALS July 26, 2024 9:30 AM
EEE Oklahoma State Final Exam Questions
With Correct Answers
10 K - answer-filing similar to annual report but more complex
Accounts Receivable - answer-money owed to company by its customers
Assumption Sheet - answer-A new firms explanation of the so...
EXAM STUDY MATERIALS July 26, 2024 9:30 AM EEE Oklahoma State Final Exam Questions With Correct Answers 10 K - answer✔✔-filing similar to annual report but more comple x Accounts Receivable - answer✔✔-money owed to company by its customers Assumption Sheet - answer✔✔-A new firms explanation of the sources used to make a firms forecast. Balance Sheet - answer✔✔-a snapshot of a company assets, liabilities, and owners equit y at a specific point. Constant ratio method of forecasting - answer✔✔-each expense item on the income statement will grow at the same rate as sales. Cost of sales - answer✔✔-this includes all the direct cost associated with producing or delivering a produ ct or service. Current assets - answer✔✔-include cash plus items that are readily convertible to cash, such as accounts receivable, inventories, marketable securities current liabilities - answer✔✔-include obligations that are payable within a year current ratio - answer✔✔-equals the firms current assets divided by its current liabilities debt to equity ratio - answer✔✔-calculated by dividing its long term debt by its shareholders equity Financial Management - answer✔✔-this deals with raising money and mana ging acompanys finances in a way that yields the greatest returns Financial ratios - answer✔✔-used to discern if a firm is meeting its financial objectives and how well they compare to industry peers Financing activities - answer✔✔-this includes cash raised during the period by borrowing money or selling stock or cash, paying dividends, or buying back outstanding stock Fixed assets - answer✔✔-assets used over a longer time frame such a real estate, bui ldings, equipment, furniture Liquidity - answer✔✔-companys ability to meet its shot term financial obligations EXAM STUDY MATERIALS July 26, 2024 9:30 AM net sales - answer✔✔-total sales minus allowances for returned goods and discounts owners equity - answer✔✔-equity invested in the business by it s owners plus the accumulated earnings retained by the business after paying dividens Percent of sales method - answer✔✔-method for expressing each expense item as a percentage of sales -pro forma balance sheet - answer✔✔-shows how a firms activities will affect its ability to meet its short term liabilities and how its finances will evolve over time Profit margin - answer✔✔-also known as "return on sales", this is found by dividing net income by net sales regression analysis - answer✔✔-a statistical techni que used to find relationships btwn variables for the purpose of predicting future values Stability - answer✔✔-the strength and vigor of a firms overall financial posture Working capital - answer✔✔-current assets minus its current liabilities The four prim ary financial objectives of a startup - answer✔✔-Profitability -Liquidity -Efficiency -Stability Preferred attributes of the founders of an entrepreneurial venture - answer✔✔-higher education -prior entrepreneurial experience Seven members of a new venture team - answer✔✔1. Founder or founders 2.Key Employees 3. Board of Directors 4. Other professionals 5. Lenders and investors 6. Board of advisors 7. Management team advisory board - answer✔✔-panel of experts who are asked by a firms managers to provide council and advice
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