Financial management class 1
Other Sciences, Other
12th Grade - University
Used 37+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are assets
A company's legal debts or obligations that arise during the course of business operations.
The value of an asset less the value of all liabilities on that assets
Resources that will give companies economic advantages in the future
Assets are financial products that are easily converted to cash
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between current and non current assets?
There is no difference
Current assets are the same as current liabilities and non current are not
Current assets tend to be easily converted to cash whereas non current are not
A company will gain more profit if they use non current only
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following is true
People are the most valuable asset to any company and are therefore posted on the balance sheet
Employees are never on the balance sheet
It is hard to valuate your employees therefore they tend to NOT be on the balance sheet
Employees are not on the balance sheet since they unions do not want them to be
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan from a bank would should up on the balance sheet as a
Asset
Equity
Share
Liability
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Profitability ratios relate to...
Used to measure a company's ability to meet long-term obligations.
Closely related to sales, important condition for a firm's continuity.
Return on long term debt
ability to meet its short Termfinancial obligations
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is true
Gross profit is the first item on a cashflow statement
Repayment of debt does not lead to a change in equity
The ROI per definition tells investors how to deal with employee costs
Equity on a balance sheets always equals all assets
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
I buy a car from you now but we agree that I will pay you in one year, you can now...
Record the sale as a receipt
Record the sale as revenue
Put the amount of money to be paid on your cashflow statement
Start depreciation the car for one year
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