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 A company raises the price on its products and sells more of them. What is the impact on its cash flow? A) Cash inflow increases. B) Cash inflow decreases. C) Cash outflow increases. D) Cash outflow decreases. ANSWER A
Date: September 3rd, 2020
QUESTION How would you apply the principle of “paying yourself first”? A) Every time you get paid, put most of the money into a checking account that you can easily access. B) Every time you get paid, use a set amount of money to buy a small luxury item you’ve been wanting. C) Every time […]
Date: September 3rd, 2020
QUESTION Finding the right balance between revenues and spending can mean all the difference between success and failure. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
