Finance > SOPHIA Milestone > SOPHIA Principles of Finance Unit 1 Milestone 1. (All)
27 questions were answered correctly. 1 Preparing a cash flow forecast helps a company to avoid __________. opportunity costs higher financing costs net losses liquidity CON... CEPT Building a Cash Budget 2 How are assets typically organized on a balance sheet? In order of liquidity, with least liquid assets first. In order of value, with most valuable assets first. In order of liquidity, with more liquid assets first. In order of value, with least valuable assets first. CONCEPT Standardizing Financial Statements 3 Which organization most fully protects owners from personal liabilities and is taxed separately? LLC . S Corp C Corp Partnership CONCEPT Tax Considerations 4 Which market is intended to benefit from the recent trend of microfinance? Foreign governments Impoverished individuals Venture capitalists Corporations CONCEPT Trends and Issues in Finance 5 Why are ethical issues complicated for businesses that operate in the global economy? Because their employees won't know what the laws are in other countries. Because they don't have as much moral character as small, local businesses. Because they tend to have more employees. Because different cultures have different norms and values. CONCEPT Ethics: An Overview 6 Xander is looking for ways to reduce his non-operating expenses to improve his company's overall financial performance, so he consults his most recent income statement. Which of the following should he focus on? Depreciation Amortization Wages Income taxes CONCEPT The Income Statement 7 If Company A has a lower debt ratio than Company B, then Company A is likely to have __________ than Company B. a higher level of financial risk less financial flexibility a greater ability to borrow more total assets CONCEPT Debt Management Ratios 8 Ratios that measure the value of a company's stock are __________. asset management ratios [Show More]
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