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WGU C214 FINANCIAL MANAGEMENT OA STUDY QUESTIONS |GUARANTEED PASS!! $12.49   Add to cart

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WGU C214 FINANCIAL MANAGEMENT OA STUDY QUESTIONS |GUARANTEED PASS!!

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Trading on the NYSE is executed without a specialist (i.e. a market maker). True or False? - ACCURATE ANSWERS False Stocks and Bonds are two types of financial instruments. True or False? - ACCURATE ANSWERS True When revenue is matched with cost of sales in an Income statement it is called? -...

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  • September 1, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • WGU C214
  • WGU C214
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GRADEUNITS
WGU C214 FINANCIAL MANAGEMENT
OA STUDY QUESTIONS
WGU C214 FINANCIAL MANAGEMENT OA STUDY QUESTIONS |GUARANTEED
PASS!!




Trading on the NYSE is executed without a specialist (i.e. a market
maker). True or False? - ACCURATE ANSWERS✔✔ False


Stocks and Bonds are two types of financial instruments. True or False?
- ACCURATE ANSWERS✔✔ True


When revenue is matched with cost of sales in an Income statement it is
called? - ACCURATE ANSWERS✔✔ Matching principle


Basic balance sheet equation is what? - ACCURATE ANSWERS✔✔
Equity = Assets - Liabilities

,Why is the balance sheet known as the permanent statement? -
ACCURATE ANSWERS✔✔ Because the other statements are reset at
the end of the fiscal year.


How do you calculate the change in retained earnings? - ACCURATE
ANSWERS✔✔ Net income-dividends


Sales - Cost of Sales - other expenses = - ACCURATE ANSWERS✔✔
Operating Income or EBiT


Name four accounts that are part of total assets? - ACCURATE
ANSWERS✔✔ Cash, Accounts receivable, inventory, long term assets


Name three accounts that are part of total liabilities? - ACCURATE
ANSWERS✔✔ Bonds, accounts payable and mortgage


Name four accounts that are part of current assets? - ACCURATE
ANSWERS✔✔ Inventory, cash, accounts receivable and short term
investments.


Name three accounts that are only included in cash flow from financing?
- ACCURATE ANSWERS✔✔ Common stock, dividends paid and
bonds payable


Define the statement of cash flows? - ACCURATE ANSWERS✔✔
Calculated for the same period of time as the incomes statement is

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


When fixed assets increase what happens to cash? - ACCURATE
ANSWERS✔✔ Cash will decrease


What is the purpose of the statement of cash flows? - ACCURATE
ANSWERS✔✔ Explains the change in cash over the course of the
specified time frame.


Suppose the inventory turnover of a company is higher than the industry.
Based on this observation, which of the following is most likely? -
ACCURATE ANSWERS✔✔ The firm has too little inventory resulting
in 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? - ACCURATE ANSWERS✔✔
Higher


The Operating Income Return on Investment (OIROI) uses what
elements on the income statement? - ACCURATE ANSWERS✔✔ EBIT
and total assets


Why would a company be interested in the Total Asset Turnover (TAT)
ratio? - ACCURATE ANSWERS✔✔ To see how efficient are at
producing sales

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