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C214|Western Governors University|Pre-Assement Questions And Answers Rated A|Question and Answers|Checklist|Financial Managment|Question and Answers |Graded A|Accounting for Decision Makers|With Complete Solutions

How can a private firm appropriately maximize shareholder value? Correct Answer: By making decisions that keep the control of the business with the owners Why are American regulators focused on int... ernational investing in a global marketplace? Correct Answer: Because international investing in a global marketplace is the concern of American investors What is one of the two basic types of financial instruments? Correct Answer: Bonds If a company outsources the manufacturing of its products to a foreign country, what are the likeliest outcomes? Correct Answer: Consumer prices will decrease and Domestic employment will decrease. What is true about the content and structure of a balance sheet? Correct Answer: It reports the assets, liabilities, and equity at a point in time. A company reported an increase in accounts receivable of $5,000 during the recent period. Half of this amount is expected to be collected next period. How will this change in accounts receivable affect the cash flows from the operating activities section? Correct Answer: The change will decrease cash flows from operations by $5,000. Which statement accurately explains the recognition of revenues and expenses under accounting income and income for tax purposes? Correct Answer: Revenues and expenses may be recognized in one period for accounting income purposes and in a different period for income tax purposes. Selected Data for 20x2 for ABD Inc. Which will be larger: actual taxes payable or accounting income tax expense Correct Answer: Accounting tax expense will be higher; actual taxes based on IRS rules will be lower Which cash flow measures the change in long term assets? Correct Answer: Cash flow investing Which financial ratios measure "efficiency"? Correct Answer: Asset turnover and Fixed Asset turnover Which ratio is the best measure of a firm's ability to pay bills? Correct Answer: Quick ratio Which decision requires using subjective estimates? Correct Answer: Useful (depreciable) life of a new asset [Show More]

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