1. Question: Which of the following represents three possible revenue streams for an online venture?

    A
    Product Sales, In-Store Sales, Bulk Purchases

    B
    Ad Revenue, Affiliate Revenue, Product Sales

    C
    In-Store Sales, Ad Revenue, Product Sales

    D
    In-Store Sales, Affiliate Revenue, Product Sales

    Note: Not available
    1. Report
  2. Question: For a startup company looking to gain investor interest, which of the following seems like a reasonable amount of time to forecast ahead?

    A
    6 months

    B
    1 year

    C
    5 years

    D
    20 years

    Note: Not available
    1. Report
  3. Question: Revenues on the Profit & Loss should be changed ___________________.

    A
    by inputting them directly into the cells

    B
    through the accounting system

    C
    by showing change in cash flow

    D
    by changing assumptions on the assumptions page

    Note: Not available
    1. Report
  4. Question: Is income tax forecasted?

    A
    Yes, usually

    B
    Never

    C
    Not unless required by the country law

    D
    Yes, but only if the company is forecasted to earn over $1 million

    Note: Not available
    1. Report
  5. Question: Which of the following would NOT be included on a summary page?

    A
    Cash Balance

    B
    Net Income

    C
    Payroll Expense

    D
    Total Equity

    Note: Not available
    1. Report
  6. Question: Which of the following parties should be kept in mind when creating a financial forecast?

    A
    The government

    B
    The end user

    C
    The financial model builder

    D
    The Board of Directors

    Note: Not available
    1. Report
  7. Question: What does an increasing trend in Accounts Payable indicate for a company?

    A
    It indicates nothing in particular.

    B
    The company is making better use of its cash and is not paying bills as quickly.

    C
    Cash is being mismanaged.

    D
    Net Income is increasing.

    Note: Not available
    1. Report
  8. Question: The Net Income on the Cash Flow Forecast comes from the __________________.

    A
    Balance Sheet

    B
    Statement of Retained Earnings

    C
    Forecasted Profit & Loss Statement

    D
    Variance Analysis

    Note: Not available
    1. Report
  9. Question: Why is Change in Accounts Payable added back to Net Income?

    A
    There is no reason to do so.

    B
    An increase in AP reflects the fact that the company did not spend cash on paying its bills.

    C
    It is required by the SEC.

    D
    It is required by IRS tax law.

    Note: Not available
    1. Report
  10. Question: To calculate a worst case scenario, a company would ____________ and ____________.

    A
    increase revenue streams, decrease operating expenses

    B
    increase operating expenses, increase revenues

    C
    decrease revenues, increase operating expenses

    D
    show no change to revenue, show change only to operating expenses

    Note: Not available
    1. Report
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