QUESTION Financing for a period of one year or less is generally known as short-term financing. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION How does the Rule of 72 calculation work? A) Subtract the interest rate from 72. B) Divide 72 by the interest rate. C) Multiply the interest rate by 72. D) Add the interest rate to 72. ANSWER B
Date: September 3rd, 2020
QUESTION Revenue is A) the amount of cash a company deposits in its bank during one year. B) the amount of cash a company expects to bring in during the coming year. C) the amount of money a company generates during a period of time. D) the total amount of money received by a company […]
Date: September 3rd, 2020
QUESTION A risk is any circumstance in which the outcome of a decision or action is uncertain. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION You have saved $200 in an interest-bearing account and plan to leave it there for 5 years. How would you calculate the interest you would need to earn in order to double your money in those 5 years? A) Divide 72 by the number of years you have to save. B) Multiply 72 by […]
Date: September 3rd, 2020
QUESTION A company’s weaknesses are the internal factors that will help it achieve its objective. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION In addition to cash-in and cash-out transactions, a cash flow statement shows A) cash a company’s creditors have on hand. B) the profit a company earned in the most recent quarter. C) a company’s beginning and ending cash balances. D) amounts a company owes suppliers. ANSWER C
Date: September 3rd, 2020
QUESTION What is another term for net profit? A) net cash B) net income C) net revenue D) net value ANSWER B
Date: September 3rd, 2020
QUESTION A company’s opportunities are external conditions that can assist the company in achieving its objectives. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION When making a decision, the cost of passing up another option is known as opportunity cost. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
