Financial Statement, Finance And Accounting

Question: The _______________ represent/s the earnings, or profits, in excess of dividends distributed to shareholders that have been realized by the firm since its formation.
A
Retained Earnings

B
Assets

C
Cash

D
Liabilities

Note: Answer not sure
1. Report
Question: Which of the following would NOT appear on an Income Statement?
A
Rent Expense

B
Salaries Payable

C
Sales Revenue

D
Cost of Goods Sold

Note: Answer not sure
1. Report
Question: Which of the following ratios measures the firm's performance in generating earnings that are assignable to the common shareholders' equity?
A
Rate of Return on Common Shareholders' Equity

B
Debt Equity

C
Return on Assets

D
Accounts Payable Turnover

Note: Answer not sure
1. Report
Question: Which of the following represents a measure of the assets provided by the original shareholder in exchange for an ownership interest in the firm?
A
Shareholders' Equity

B
Retained Earnings

C
Cash

D
Assets

Note: Answer not sure
1. Report
Question: Financial leverage can increase the return to common shareholders as long as ______________.
A
the rate of return earned on assets equals the rate paid for the capital used to acquire those assets

B
the rate of return earned on assets is less than the rate paid for the capital used to acquire those assets

C
the rate of return earned on assets exceeds the rate paid for the capital used to acquire those assets

D
the firm has a "good" earnings year

Note: Answer not sure
1. Report
Question: The Rate of Return on Assets can be disaggregated into two other ratios. Which of the following is one of the two ratios?
A
Fixed Asset Turnover Ratio

B
Debt-Equity Ratio

C
Profit Margin Ratio

D
Inventory Turnover Ratio

Note: Answer not sure
1. Report
Question: A company wants to increase its rate of return on assets from 8 percent to 14 percent. It is believed that the firm's total assets turnover of .667 cannot be easily increased at the present time. What must the profit margin percentage be to achieve the desired 14 percent rate of return on assets?
A
7 percent

B
14 percent

C
21 percent

D
28 percent

Note: Answer not sure
1. Report
Question: The ______________ is the sequence of activities in which inventory is purchased on account from suppliers, inventory is sold on account to customers, customers pay the amounts due, and suppliers are paid the amounts due to them.
A
Operating Cycle

B
Cash Inflow

C
Accounts Receivable Cycle

D
Accounts Payable Cycle

Note: Answer not sure
1. Report
Question: Outflows of assets used up in generating revenue are called ______________.
A
Liabilities

B
Retained Earnings

C
Expenses

D
Revenues

Note: Answer not sure
1. Report
Question: Financial statements that are prepared using a particular set of assumptions are called ___________________.
A
Income Statements

B
Tax Liability Statements

C
Pro-Forma Financial Statements

D
Retained Earnings

Note: Answer not sure
1. Report

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Question: The _______________ represent/s the earnings, or profits, in excess of dividends distributed to shareholders that have been realized by the firm since its formation.

Question: Which of the following would NOT appear on an Income Statement?

Question: Which of the following ratios measures the firm's performance in generating earnings that are assignable to the common shareholders' equity?

Question: Which of the following represents a measure of the assets provided by the original shareholder in exchange for an ownership interest in the firm?

Question: Financial leverage can increase the return to common shareholders as long as ______________.

Question: The Rate of Return on Assets can be disaggregated into two other ratios. Which of the following is one of the two ratios?

Question: The ______________ is the sequence of activities in which inventory is purchased on account from suppliers, inventory is sold on account to customers, customers pay the amounts due, and suppliers are paid the amounts due to them.

Question: Outflows of assets used up in generating revenue are called ______________.

Question: Financial statements that are prepared using a particular set of assumptions are called ___________________.