QUESTION Which of the following are NOT reflected in a company’s cash flow statement? A) purchases of office supplies needed by the business B) payments from customers for products C) monies the company owes investors D) rent checks from a property the company is subleasing. ANSWER C
Date: September 3rd, 2020
QUESTION You are comparing cash flow statements for your business from the current month and the previous month. Which of the following would you be able to figure out? A) what denominations the business’s cash is in B) whether the business has cash C) how much cash the business has D) whether the business has […]
Date: September 3rd, 2020
QUESTION Which of the following indicates that a company has negative cash flow? A) The company’s cash on hand is unpredictable from month to month. B) The company’s cash is in the form of small bills. C) The company has more cash now than it did the previous month. D) The company has less cash […]
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
QUESTION Because they own a lot of valuable items that make more money, wealthy people become even more wealthy. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION A publicly traded company is A) a company that is family-owned and –founded. B) a company that is funded primarily through federal income taxes levied by the government. C) a company that is owned by its employees. D) a company that issues stock for people to buy on a stock exchange or other markets. […]
Date: September 3rd, 2020
QUESTION What is an important benefit of the practice of paying yourself first? A) The practice enables you to treat yourself to lavish purchases. B) You keep all your money in a liquid form that you can easily access as needed. C) You can pay off your largest bills in a more timely manner. D) […]
Date: September 3rd, 2020
QUESTION An annual report is A) a description of a firm’s financials, distributed to everyone who owns stock in the firm. B) a statement describing market growth in a specific industry, such as automotive or telecommunications. C) a set of documents explaining trends and challenges in a nation’s economy. D) a booklet published by the […]
Date: September 3rd, 2020
