Peregrine exam finance - Study guides, Class notes & Summaries

FOUNDATIONS OF BUSINESS FINANCE (PEREGRINE) EXAM QUESTIONS WITH COMPLETE SOLUTIONS

Foundations of Business Finance (Peregrine) Exam 1. True True or false: The one fixed asset that is not depreciated is land because it seldom declines in value. 2. Current liabilities are those due within one year. 3. Long-term debt 4. (1) Accounts Payable (2) Notes Payable (3) Accrued Ex- penses 5. The amounts owed for credit purchases by a firm 6. Outstanding short-term loans, typically from commercial banks 7. Costs that have been incurred by a firm which have not yet be...

Peregrine Accounting and Finance Exam with Complete Solutions Which financial statement reports the revenues and expenses for a period of time such as year or a month? Income Statement Which financial statement reports the assets, liabilities, and stockholders' (owner's) equity at a specific date? Balance sheet Under the accrual basis of accounting, revenues are reported in the accounting period when which of the following occurs? Services or gods have been delivered Under the accr...

Peregrine Finance Exam Questions And Answers 100% Solved The firm's are primarily interested in ratios that measure the short-term liquidity of the company and its ability to make principal and interest payments. - answerCreditors A company's balance sheet shows the value of assets, liabilities, and stockholders' equity - answerAt a specific point in time A firm that employs an aggressive strategy to finance assets - answerWill finance a portion of long-term (permanent) growth in asset...

Foundations of Business Finance (Peregrine) Exam Questions With 100% Verified Answers True or false: The one fixed asset that is not depreciated is land because it seldom declines in value. - answerTrue __________ liabilities are those due within one year. - answerCurrent __________-__________ __________ liabilities are due after more than a year, and may include bonds, mortgages, and long-term loans. - answerLong-term debt Name the three types of accounts listed as current liabilities o...

Foundations of Business Finance (Peregrine) Exam Questions With 100% Verified Answers True or false: The one fixed asset that is not depreciated is land because it seldom declines in value. - answerTrue __________ liabilities are those due within one year. - answerCurrent __________-__________ __________ liabilities are due after more than a year, and may include bonds, mortgages, and long-term loans. - answerLong-term debt Name the three types of accounts listed as current liabilities o...

Peregrine Exam – Finance Exam Questions With 100% Verified Answers RETAINED EARNINGS Begin retained earnings + Profit/losses- Dividents - answerAn amount earned by a corporation and not yet distributed to stockholders. Inventory turnover ratio COGS/ Average Inventory - answerratio showing how many times a company has sold and replaced inventory during a given period. ROA - answermetric that measures the profitability of a business in relation to its total assets. This ratio indicates ...

Peregrine Exam – Finance Exam Questions With 100% Verified Answers RETAINED EARNINGS Begin retained earnings + Profit/losses- Dividents - answerAn amount earned by a corporation and not yet distributed to stockholders. Inventory turnover ratio COGS/ Average Inventory - answerratio showing how many times a company has sold and replaced inventory during a given period. ROA - answermetric that measures the profitability of a business in relation to its total assets. This ratio indicates ...