Exam 15: Financing and Tracking Business Operations

Jason Prows' job this week is to prepare a spreadsheet that shows his company's long-range plans and outlines the expected financial needs for significant purchases such as real estate,manufacturing equipment,plant expansions,and technology.Jason is preparing a(n)________ budget.

The amounts spent by a publishing company to pay for manufacturing its books is called ________.

Because of growing customer demand,Dave and Michelle want to double the size of their store.How can accounting help?

Last year Huge TV Corp.had net income equaling $5 million.At the end of the year,the corporation had 4 million shares of stock outstanding.The company's earnings per share were ________.

Your boss asks you to e-mail a spreadsheet that shows how much money came into the company and how much money the company spent last month.When sending the e-mail,you MOST LIKELY will attach the file named ________.

What is a balance sheet used for?

When New Fashion Stores,Inc.paid a dividend to its shareholders,it recorded to outflowing cash in the ________ activities section of its statement of cash flows.

Assets are the amounts that a company owes to its creditors.

Short-term financing is any type of financing that is repaid within 3 months or less.

Financial management involves setting up and monitoring controls to make certain the plans and budgets are monitored sufficiently so that the business can reach its financial goals.

On a balance sheet,the difference between cash and cash equivalent figures between periods is the same value that appears at the bottom of the ________ for the same period.

Accounting is important for ________.

Gordon Jimenez' boss tells him to develop a forecast of financial needs.Of the following factors,Gordon will MOST LIKELY consider ________.

A highly efficient company-and potential good investment-must have a high earnings per share ratio.

A common leverage ratio is for a company to have at least ________ times the amount of equity as it has debt.

All of the following are parts of the foundation of financial management EXCEPT ________.

Total liabilities at New Fashion Stores,Inc.are $5 million,and total owners' equity is $4 million.The company's debt to equity ratio is ________.

New Fashion Stores,Inc.received 1,000 t-shirts on the first of the month.By the end of the month,the company had sold 743 shirts.The difference is ________.

Double entry bookkeeping means that two independent accountants perform all financial calculations,to ensure that no mistakes are made.

Why should shareholders and prospective investors monitor earnings per share closely?