1. The area of finance address the issue of theefficiency of financial market in the allocation ofrecourses is known as:A) Corporate finance;B) Public finance;C) International finance;2. A level of revenues, expenses and profit thatoccurred during a given accounting period aregiven in:A) Balance sheet;B) Income statement;C) A+B3. Sales minus cost of goods sold is:A) Net profit;B) Operating profit;C) Gross profit;4. The assets defined as cash and assets that willturn into cash within a year are defined as:A) Current assets;B) Non current assets;C) Fixed assets;5. The liabilities due within a year are defined as:A) Current liabilities;B) Expenses;C) Non current liabilities;6. Collecting of receivables and liquidation ofassets concerns:A) Sources of funds;B) Uses of funds;C) Revenues:7. Uses of funds are:A) Increase in a liability account and increase in anasset account;B) Payment of dividends and decrease in assetaccount;C) Increase in an asset account and payment ofdividends:8. New bank loan can be defined as:A) Source of funds;B) Uses of funds;C) Benefit;9. Shareholders' equity is composed of:A) Earnings retained by the firm:B) Investments by the shareholders;C) A+B10. The ratios related with future purchases of fixedassets are known as:C) A+B11. The ratios which provide information aboutadequate capital structure are known as:A) Profitability ratios;B) Leverage ratios;C) Liquidity ratios;12. A large inventory turnover ratio indicates that:A) Inventory balance is too big relative to sales;B) Inventory balance is too small relative to sales;C) Possibility of losing sales doesn't exist;13. A low current ratios can result from:A) Relatively high level of current asset;B) Relatively low level of current liabilities;C) Relatively low level of current asset;14. The profitability of the firm in relation to thecurrency units it has invested in tangible assets ismeasures by:A) Return on investment ratios;B) Debt ratios;C) A+B;15. Financial statement which expresses eachincome statement as a percentage of sales is knownas:A) Balance sheet;B) Common size income statement;C) Statement of change in financial position.16. Finance is the study of the .....and ......... of cash for the purpose ofenhancing the value and wealth.17. The main factors influencing the corporatefinance are:18. Profit before taxes minus the tax liabilitiesis....19. Balance sheet consist three major components:20. Uses of funds in the statement of change infinancial position are:II21. Make a comparison of finance and accounting.

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1. The area of finance address the issue of the efficiency of financial market in the allocation of recourses is known as: A) Corporate finance; B) Public finance; C) International finance; 2. A level of revenues, expenses and profit that occurred during a given accounting period are given in: A) Balance sheet; B) Income statement; C) A+B 3. Sales minus cost of goods sold is: A) Net profit; B) Operating profit; C) Gross profit; 4. The assets defined as cash and assets that will turn into cash within a year are defined as: A) Current assets; B) Non current assets; C) Fixed assets: 5. The liabilities due within a year are defined as: A) Current liabilities; B) Expenses; C) Non current liabilities; 6. Collecting of receivables and liquidation of assets concerns: A) Sources of funds: B) Uses of funds; C) Revenues: C) A+B 11. The ratios which provide information about adequate capital structure are known as: A) Profitability ratios; B) Leverage ratios; C) Liquidity ratios; 12. A large inventory turnover ratio indicates that: A) Inventory balance is too big relative to sales; B) Inventory balance is too small relative to sales; C) Possibility of losing sales doesn't exist; 13. A low current ratios can result from: A) Relatively high level of current asset; B) Relatively low level of current liabilities; C) Relatively low level of current asset; 14. The profitability of the firm in relation to the currency units it has invested in tangible assets is measures by: A) Return on investment ratios; B) Debt ratios; C) A+B; 15. Financial statement which expresses each income statement as a percentage of sales is known as: A) Balance sheet; B) Common size income statement; C) Statement of change in financial position. 16. Finance is the study of the and enhancing the value and wealth. of cash for the purpose of 17. The main factors influencing the corporate finance are:

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 1.17E: Financial statements Each of the following items is shown in the financial statements of ExxonMobil...