BUS 362 Week 4 Quiz

BUS 362 Week 4 Quiz

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Attachments: BUS 362 N Week 4 Quiz.docx [ Preview Here ]

BUS 362 Week 4 Quiz

 

1.         Question :        The _______________ shows what assets the business owns and what claims creditors and owners have against those assets, and is built on the basic accounting equation:

2.         Question :        When estimating the firm's end-of-month cash balance, the owner should first:

3.         Question :        A high debt ratio: 

4.         Question :        On March 10th, a business owner receives an invoice from a supplier for $416.27 with “net 30” credit terms marked on it. On April 7th, the owner writes the supplier a check for $416.27 and mails it. When would this cash disbursement show up on the company's cash budget?

5.         Question :        Which of the following is not likely to be a use of working capital?

6.         Question :        Which of the following is true about inventory management for the small business owner?

7.         Question :        The __________ represents a “snapshot” of a business, showing an estimate of its value on a given date, while the ________ is a “moving picture” of the firm’s profitability over time.

8.         Question :        To encourage credit customers to pay invoices promptly, a business owner should:

9.         Question :        Which of the following associations is correct?

10.       Question :        Which of the following measures a company’s liquidity and its ability to pay its bills and other financial obligations on time?

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