Finance > QUESTIONS & ANSWERS > WGU C214 OA Financial Management Concepts Version Exam Questions and Answers (2022/2023) (Verified A (All)
WGU C214 OA Financial Management Concepts Version Exam Questions and Answers (2022/2023) (Verified Answers)
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WGU C214 OA Financial Management Concepts Version Exam Questions and Answers (2022/2023) (Verified Answers) 1 / 35 1. Trading on the NYSE is executed without a specialist (i.e. a market maker). (T... /F): False 2. Stocks and bonds are two types of financial instruments (T/F): True 3. The matching principle in accrual accounting requires that:: Revenues be recognized when the earnings process is complete and matches expenses to revenues recognized. 4. A high-quality customer just purchased $500,000 worth of product from your company. The contract calls for immediate delivery of the product with a cash payment of $300,000 today and $200,000 to be paid 60 days. The expense associated with the product is $300,000, of which $100,000 has not been paid to your supplier. Under accrual based accounting system, you will most likely report: Revenues of $500,000 and Expenses of $300,000. 5. A firm reported retained earnings of $300 in 12/31/20x2. For 12/31/20x3, the firm reports retained earnings of $400 and pays dividends of $25. What was net income in 20x3: Net income = 400-300+25 = 125 6. A basic equation for the balance sheet is:: Equity = Assets - Liabilities 7. Why is the Balance Sheet known as a permanent statement?: Because the other statements are reset at the end of the fiscal year 8. How do you calculate the change in Retained Earnings?: Net Income - Dividends 9. Which of the following is generally true?: Operating Income and EBIT are the same 10. Which components are part of total assets?: Cash Accounts Receivable, Inventory, Long Term Assets 11. Which components are part of current assets?: Inventory, Cash, Accounts Receivable, Short Term Investments 12. Which components are part of Total Liabilities?: Bonds, Accounts Payable, Mortgage 13. Intel reported the following for 2014: Net Income 100,000 Depreciation 20,000 Change in A/R 10,000 What is the cash flow from operating activities (CF0)?: CFO = 100,000+20,000-10,000 = 110,000 [Show More]
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