WGU C708 Principles of Finance

The revenues and the expected incurred to generate those revenues must be reported together; a fundamental component of accrual-based accounting. - Matching Principle Items that appear on the financial statement are listed at the cost when purchased. - Historical Cost Principle Cash or assets that will be converted into cash within the next year. - Current Assets Property, Plant, and Equipment (PP&E). These are on the books at their historical cost. This does not include accumulated depre...

Valuation - the ability to accurately estimate what an asset is worth in "economic terms". The estimated amount of money that a rational person would pay based on the economic benefits that the asset is expected to produce Risk - uncertainty. Investors are risk averse, meaning they dislike risk and try to avoid it. Factors that determine value - Cash flow, risk, time, opportunity costs Perfect competition - there are so many competitors and similar products that prices are driven to...

WGU C708 Principles of Finance Pre-Assessment (Answered) 2023 $227 million A company has fixed assets of $509 million, total equity of $218 million, current liabilities of $128 million, and long-term debt of $390 million. What is the total for the company's current assets? a.) $262 million b.) $119 million c.) $128 million d.) $227 million $114.9 million A company has just reported sales of $557 million, costs of goods sold of $150 million, depreciation of $190 million and interes...

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WGU Principles of Finance C708 Pre-Assessment questions and answers Latest 2023 - 2024 100% correct answers