C214 Financial Management WGU Exam Latest
Update Questions & Answers with
Rationales| 100% Correct | Grade.
Trading on the NYSE is executed without a specialist T or F
Answ >False
Quiz What are 2 types of financial instruments
Answ >Stocks and BondsM
Quiz When revenue is matched with cost of sales in an income statement it is called?
Answ >matching principle
Quiz A high quality customer just purchased $500,000 worth of product from your company.
The contract calls for immediate delivery of this product with a cash payment of $300,000
today and $200,000 in the next 60 days. The expense associated with the product if $300,000,
of which $100, has not been paid to your supplier. Under the accrual based accounting system
you will most likely report Revenues of ___________________________Expenses of
_______________________________
,Answ >Revenue $500,000, Expenses of 300,000
Quiz A firm reported retained earnings of $300 12/31/2021. For 12/31/2021, the firm reports
retained earnings of $400 and pays dividends of $25. What was the net income in 2023?
Answ >Beg RE 300, NI = 125, Div -25, RE 400.
Quiz A basic equation of the balance sheet is
Answ >Assets = equity - liabilities
Quiz Sales minus cost of sales minus other expenses equals what?
Answ >Operating income or EBIT
Quiz What is the balance sheet known as a permanent statement?
Answ >Because the other statements are reset at the end of the year.
Quiz How do you calculated the change in retained earning?
Answ >Net income - dividends
Quiz name four accounts that are a part of total assets
, Answ >cash accounts receivable, inventory, long term assets.
Quiz Sales misnus cost of sales minuss other expenses equals what?
Answ >Operating Income or EBIT
Quiz Name 3 accounts that are part of current assets?
Answ >Inventory, Cash, accounts receivables, short term investments
Quiz name 4 accounts that re part of total liabilities
Answ >Bonds, accounts payable, mortgage
Quiz 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?
Answ >100 + 20 - 10 = 110
Quiz name 3 accounts that are only included in Cash Flow from Financing CFF
Update Questions & Answers with
Rationales| 100% Correct | Grade.
Trading on the NYSE is executed without a specialist T or F
Answ >False
Quiz What are 2 types of financial instruments
Answ >Stocks and BondsM
Quiz When revenue is matched with cost of sales in an income statement it is called?
Answ >matching principle
Quiz A high quality customer just purchased $500,000 worth of product from your company.
The contract calls for immediate delivery of this product with a cash payment of $300,000
today and $200,000 in the next 60 days. The expense associated with the product if $300,000,
of which $100, has not been paid to your supplier. Under the accrual based accounting system
you will most likely report Revenues of ___________________________Expenses of
_______________________________
,Answ >Revenue $500,000, Expenses of 300,000
Quiz A firm reported retained earnings of $300 12/31/2021. For 12/31/2021, the firm reports
retained earnings of $400 and pays dividends of $25. What was the net income in 2023?
Answ >Beg RE 300, NI = 125, Div -25, RE 400.
Quiz A basic equation of the balance sheet is
Answ >Assets = equity - liabilities
Quiz Sales minus cost of sales minus other expenses equals what?
Answ >Operating income or EBIT
Quiz What is the balance sheet known as a permanent statement?
Answ >Because the other statements are reset at the end of the year.
Quiz How do you calculated the change in retained earning?
Answ >Net income - dividends
Quiz name four accounts that are a part of total assets
, Answ >cash accounts receivable, inventory, long term assets.
Quiz Sales misnus cost of sales minuss other expenses equals what?
Answ >Operating Income or EBIT
Quiz Name 3 accounts that are part of current assets?
Answ >Inventory, Cash, accounts receivables, short term investments
Quiz name 4 accounts that re part of total liabilities
Answ >Bonds, accounts payable, mortgage
Quiz 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?
Answ >100 + 20 - 10 = 110
Quiz name 3 accounts that are only included in Cash Flow from Financing CFF
