Strayer BUS 100 Week 8 quiz 7 (2015) 0-2

• Question 1
 
  The _____ shows the cash flowing in and out of a firm through its operating, investing, and financing activities.
   
• Question 2
 
  According to the _____ method of accounting, revenues are recognized when they are earned, and payment is reasonably assured
   
• Question 3
 
  The _____ summarizes a firm’s financial position at a specific point in time (i.e., a specific quarter or year).
   
• Question 4
 
  As a _____ you work within an organization, preparing reports and analyzing financial information such as budgets and cost management.
   
• Question 5
 
  While _____ is concerned with preparing financial statements for external stakeholders according to a fixed schedule, _____  provides information to internal stakeholders on an “as needed” basis.
   
• Question 6
 
  _____ compares information contained in a firm’s financial statements over a period of two or more years.
   
• Question 7
 
  _____ addresses the needs of the external stakeholders, including stockholders, creditors, and government regulators.
• Question 8
 
  Accountants define cost as
   
• Question 9
 
  _____ is a technique used by managerial accountants to assign product costs based on links between activities that drive costs and the production of specific products.
   
• Question 10
 
  _____ provide reports, information, and analysis to managers to assist them with making better informed decisions.
   
• Question 11
 
  _____ are companies that provide short-term financing to firms by purchasing accounts receivable at a discount.
   
• Question 12
 
  A _____ is used to predict when a firm will likely experience temporary shortages or surpluses of cash.
   
• Question 13
 
  When a firm reinvests some of its net income rather than distributing it to owners, the result is an increase in the firm’s
   
• Question 14
 
  For financial managers to be socially responsible, it requires them
• Question 15
 
  _____ ratios measure the ability of an organization to convert assets into the cash it needs to pay off liabilities that come due in the next year.
• Question 16
 
  In its narrowest sense, a firm’s _____ consists of its holdings of currency and demand deposits.
   
• Question 17
 
  _____ represent(s) funds that arise as a natural result of a firm’s business operations without the need for special arrangements.
• Question 18
 
  _____ is the functional area of business that is responsible for finding, among many alternatives, the best sources of funds and the best way to use them.
   
• Question 19
 
  Historically the most widely accepted goal of financial management is
• Question 20
 
  _____ consist(s) of short-term unsecured promissory notes issued by financial institutions and other major corporations.

Strayer BUS 100 Week 8 quiz 7 (2015) 1

• Question 1

 
  Key numbers that financial managers use to calculate ratios usually come from the firm’s
   
• Question 2
 
  For financial managers to be socially responsible, it requires them
   
• Question 3
 
  A(n)_____ measures the extent to which a firm relies on debt to meet its financing needs.
   
• Question 4
 
  Historically the most widely accepted goal of financial management is
   
• Question 5
   
• Question 6
 
  A _____ is used to predict when a firm will likely experience temporary shortages or surpluses of cash.
   
• Question 7
 
  _____ ratios measure the ability of an organization to convert assets into the cash it needs to pay off liabilities that come due in the next year.
   
• Question 8
 
  As a short-term credit arrangement, banks sometimes extend _____, which are guaranteed lines of credit in which the firm pays a commitment fee on unused portions of the funds the bank has committed.
   
• Question 9
 
  In its narrowest sense, a firm’s _____ consists of its holdings of currency and demand deposits.
   
• Question 10
 
  _____ are short-term IOUs issued by the U.S. government that mature in 4, 13, or 26 weeks.
   
• Question 11
 
  _____ are valuable things owned by the firm.
   
• Question 12
 
  The _____ shows the cash flowing in and out of a firm through its operating, investing, and financing activities.
   
• Question 13
 
  The _____ indicates whether a firm earned a profit or suffered a loss over the past accounting period.
   
• Question 14
 
  _____ provide reports, information, and analysis to managers to assist them with making better informed decisions.
   
• Question 15
  Bookkeepers encompass the routine procedures involved in reporting information about the financial transactions that affect an organization, while _____ go further by analyzing and interpreting this information and communicating the results to stakeholders.
   
• Question 16
 
  _____ compares information contained in a firm’s financial statements over a period of two or more years.
   
• Question 17
 
  _____ is a system for recognizing, recording, organizing, summarizing, analyzing, and reporting information about the financial transactions that affect an organization.
   
• Question 18
 
  _____ is/are the claims owners have against their firm’s assets.
   
• Question 19
 
  Investors are provided with _____ from the firms whose stock they own.  These documents provide additional information about the firm’s practices and operations.
   
• Question 20
 
  _____ accountants provide services such as tax preparation, external auditing, or management consulting to clients on a fee basis.

Strayer BUS 100 Week 8 quiz 7 (2015) 2

• Question 1

 
  Key numbers that financial managers use to calculate ratios usually come from the firm’s
   
• Question 2
 
  For financial managers to be socially responsible, it requires them
   
• Question 3
 
  A(n)_____ measures the extent to which a firm relies on debt to meet its financing needs.
   
• Question 4
 
  Historically the most widely accepted goal of financial management is
   
• Question 5
   
• Question 6
 
  A _____ is used to predict when a firm will likely experience temporary shortages or surpluses of cash.
   
• Question 7
 
  _____ ratios measure the ability of an organization to convert assets into the cash it needs to pay off liabilities that come due in the next year.
   
• Question 8
 
  As a short-term credit arrangement, banks sometimes extend _____, which are guaranteed lines of credit in which the firm pays a commitment fee on unused portions of the funds the bank has committed.
   
• Question 9
 
  In its narrowest sense, a firm’s _____ consists of its holdings of currency and demand deposits.
   
• Question 10
 
  _____ are short-term IOUs issued by the U.S. government that mature in 4, 13, or 26 weeks.
   
• Question 11
 
  _____ are valuable things owned by the firm.
   
• Question 12
 
  The _____ shows the cash flowing in and out of a firm through its operating, investing, and financing activities.
   
• Question 13
 
  The _____ indicates whether a firm earned a profit or suffered a loss over the past accounting period.
   
• Question 14
 
  _____ provide reports, information, and analysis to managers to assist them with making better informed decisions.
   
• Question 15
  Bookkeepers encompass the routine procedures involved in reporting information about the financial transactions that affect an organization, while _____ go further by analyzing and interpreting this information and communicating the results to stakeholders.
   
• Question 16
 
  _____ compares information contained in a firm’s financial statements over a period of two or more years.
   
• Question 17
 
  _____ is a system for recognizing, recording, organizing, summarizing, analyzing, and reporting information about the financial transactions that affect an organization.
   
• Question 18
 
  _____ is/are the claims owners have against their firm’s assets.
   
• Question 19
 
  Investors are provided with _____ from the firms whose stock they own.  These documents provide additional information about the firm’s practices and operations.
   
• Question 20
 
  _____ accountants provide services such as tax preparation, external auditing, or management consulting to clients on a fee basis.