Identification: Write the correct answer in the blank before the number. 1. It is the study of how players in a financial system acquire, spend, manage and make otner sound financial decisions concerning money and other financial resources. Finance 2. Is anything generally accepted as a means of paying for goods and services and for payir off debts or liabilities. Money 3. Assisting customers with their banking transactions.
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- BUSINESS FINANCE Name: Grade & Section: General Directions: ALL FORMS OF ALTERATIONS OR ERASURES WILL BE MARKED WRONG. I. Identification: Write the correct answer in the blank before the number. 1. It is the study of how players in a financial system acquire, spend, manage and make other sound financial decisions concerning money and other financial resources. 2. Is anything generally accepted as a means of paying for goods and services and for paying off debts or liabilities. 3. Assisting customers with their banking transactions. 4. Conducting research on investment opportunities. 5. Selling insurance policies to individuals and businesses and assisting them in the processing of claims. 6. Marketing, selling, or leasing reśidential or commercial properties. 7. Is a broad term that describes any market place where trading of securities such as shares, bonds and currencies occurs. 8. Monitoring daily cash inflows and outflows. 9. Are primarily issued by corporations to generate cash or…1. Basic concepts A. Finance, or financial management, requires the knowledge and precise use of the language of the field. Match the terms relating to the basic terminology and concepts of the time value of money on the left with the descriptions of the terms on the right. Read each description carefully and type the letter of the description in the Answer column next to the correct term. These are not necessarily complete definitions, but there is only one possible answer for each term. Term Answer Description Discounting A. A schedule or table that reports the amount of principal and the amount of interest that make up each payment made to repay a loan by the end of its regular term. Time value of money B. A loan in which the payments include interest as well as loan principal. Amortized loan C. A value that represents the interest paid by borrowers or earned by lenders, expressed as a percentage of the amount borrowed or invested over a…Which of the following is the correct statement about Finance? O a. It includes all business activities that are related to non- economic activities O b. It is an art and science of managing money. O c. It does not include financial services and financial instruments. o d. All of these
- Analyzing Transactions Using the Financial Statement Effects Template Hanlon Advertising Company began the current month with the following balance sheet. Cash $ 80,000 Noncash assets 135,000 Liabilities $ 70,000 110,000 35,000 Contributed capital Earned capital Total assets $215,000 Total liabilities and equity $215,000 Following are summary transactions that occurred during the current month. 1. The company purchased supplies for $7,500 cash; none were used this month. 2. Services of $3,750 were performed this month on credit. 3. Services were performed for $15,000 cash this month. 4. The company purchased advertising for $12,000 cash; the ads will run next month. 5. The company received $1,800 cash as partial payment on accounts receivable from transaction 2. 6. The company paid $5,100 cash toward the accounts payable from the prior month. 7. Paid $4,650 cash toward this month's wages expenses. 8. The company declared and paid dividends of $750 cash.What is a primary objective of financial reporting? A. To provide useful information to investors, creditors, and financial statement users. B. All of these answers. C. To provide cash flow information (amounts, timing, and uncertainty). D. To provide information about resources and claims to resources.which of the following is an operating avtivity? A. billing customers for services rendered but not yet paid for B. paying off a loan to the bank C. purchasing equipment for cash D. receiving cash investments from owners
- Which of the following would not represent a financing activity? a. Borrowing money from a bank to finance the purchase of new equipment. b. An investment of financial capital by the owners. c. Paying dividends to shareholders. d. Collecting cash from customers. XThe users of financial information can understand the strength and weakness of the business concern with the help of: a.Profit and loss account b.Balance Sheet c.Statement of cash flows d.Profit and loss appropriation account *Repy fast plz***Which of the following items will not be shown in the balance sheet of ahotel? A. customer loyalty value B. accounts payable C. Intangible assets D. accrued taxes
- 1. which of the following transactions will result in the increase and decrease in liability? a. payment of loan by installmentb. borrowed money from the bankc. issued a promissory note in payment of a liabilityd. request for an extension of the date of payment 2. a statement which shows where the money of the business is obtained and used? a. statement of financial positionb. statement of cash flowsc. cash budgetd. statement of revenues and expensesWhich of the following would be considered a cash outflow for investing activities? a. cash paid to purchase product for inventory b. cash paid to reacquire common stock c. cash paid to repay debt d. cash paid to purchase equipment1. Which financial statement will reflect the balance of accounts receivables? a. Cash Flow Statement b. Income Statement c. Balance Sheet d. Staternent of Retained Earnings 2. Which of the following is not an asset? a. Work in Process b. invertory c. Accounts Payable d. Land 3. The statement of cash flows would disclose the withdrawal of cash by the owners? a. In the Financing Activities Section b. In the Financing Activities Section c.In the Operating Activities Section d.In the Notes to the Financial Statements