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A Finance that encompasses banking, leverage or debt, credit, capital markets, money, investments, and the creation and oversight of financial systems.
This is a liquidity ratio that measures a firm's ability to pay off its short-term liabilities with its current assets
WXY Store paid Php200,000 on inventory bought for the year. The business was able to sell all of the inventory for Php750,000. Business expenses were 30,000 and tax rate is 30%. What is the net profit margin?
This budget calculates the materials that must be purchased, by time period, in order to fulfill the requirements of the production budget.
At the end of 2016 ABC merchandise balance sheet shows Php30,000 in accounts receivable, Php100,000 of annual sales. The 2015 year-end balance sheet showed Php10,000 of accounts receivable. This amount became the beginning inventory for the year 2016. What is the receivables turnover ratio?
Which of the following statements is wrong?
If current assets is Php100,000 and current liabilities is Php50,000. What is the Net working capital?
A statement of financial position and income statement stated in future date are examples of ________________.
A Business has a a total sales of Php300,000 and cost of sales of Php100,000. It also incurred operating expenses of Php35,000 and tax worth 30%. If you will make a common size analysis, what will be the percentage of gross profit?
In FPL's Balance sheet, Cash is Php5,000,000, Total Current Assets is worth Php 40,000,000 and Total Liabilities is 40,000,000 and Total Equity is Php100,000,000. If you will make a common size balance sheet, what is the percentage of Total non-current Assets?
In conducting a vertical analysis, which of the following accounts are not used as a base?
It is the true value or net worth of business
WXY Store paid Php200,000 on inventory bought for the year. The business was able to sell all of the inventory for Php750,000. Business expenses were 30,000 and tax rate is 30%. What is the gross profit margin?
Which is not a duty of the treasurer?
This may be defined as a contractual arrangement in which a party owning an asset provides the asset for use to another, the right to use the assets to the user over a certain period of time, for consideration in form of periodic payment, with or without a further payment.
A business has total assets worth Php400,000, total liabilities worth Php175,000. What is the debt to total assets ratio?
He is responsible for the safekeeping of cash
A finance professional is using a percent change analysis of financial statements. He used the formula (Most recent value - Base period value)/Base period value. He is using a _________ type of analysis.
The Statement of Assets, Liabilities and Net Worth (SALN) is a form of
ABC Merchandise has inventories worth Php15,000, cash worth Php20,000, Prepaid expenses worth Php5,000 and equipment worth Php10,000. She has a current liability of Php30,000. How much is the current ratio?
Preference shares are unsecured promissory note issued by a firm to raise funds to meet short-term debt obligations.
In this step in financial planning, one should periodically analyze your financial values and goals.
"In this part, the financial manager may continue the same course of action, expand the current situation, change the current situation or take a new course of action."
The finance manager has a regular meeting with all the heads of each department. What is being described in the situation?
Ben is the owner of B-Merchandise. He wants to know the total sales the cost of sales, expenses and net income. What financial statement does he need?
Which is a short term source of financing?
This includes budgets for direct material, direct labor and manufacturing overhead.
At the end of 2016 ABC merchandise balance sheet shows Php30,000 in accounts receivable, Php150,000 of annual sales. The 2015 year-end balance sheet showed Php10,000 of accounts receivable. This amount became the beginning inventory for the year 2016. What is the average collection period? (365 days in a year)
According to XYZ balance sheet, the accounts payable was Php50,000 and annual credit purchases amounted to Php250,000. What is the payable turnover?
This is financing method in which a business owner sells accounts receivable at a discount to a third-party funding source to raise capital
It provides information about cash receipts and cash disbursements of an entity at a given period of time
This type of institution focuses on assisting entities in raising capital by underwriting or acting as the client's agent in the issuance of securities
This involves proper purchasing of raw material, handling, storing and recording.
This is an ongoing process to help you make sensible financial decisions aimed at generating greater return on assets, growth in market share and solving foreseeable problems.
This is used to calculate the number of labor hours that will be needed to produce the units itemized in the production budget.
This step in financial planning involves the assessment of risks.
Which of the following institutions has the power to accept drafts and issue letters of credit; discount and negotiate promissory notes, drafts, bills of exchange, and other evidences of debt; accept or create demand deposits; receive other types of deposits and deposit substitutes; buy and sell foreign exchange and gold or silver bullion; and acquire marketable bonds and other debt securities; and extend credit.
If a business entity has a larger current assets than its current liabilities, the entity has _______ working capital.
According to XYZ balance sheet, the accounts payable was Php50,000 and annual credit purchases amounted to Php250,000. Average payment period?
When classified on the basis of ownership, which does not belong to the group?
This is an approach to inventory management and control in which inventories are acquired and inserted in production at the exact times they are needed.
A business has total assets worth Php400,000 and total liabilities worth Php175,000. Equity can be computed by deducting liabilities from assets. What is the debt to equity ratio?
This budget contains all manufacturing costs other than the costs of direct materials and direct labor.
Which situation is an example of indirect financing?
The economic order quantity involves determining the optimal order size for an inventory item given its expected usage, carrying costs, and ordering costs.
He is in charge of all the organization's finance and accounting functions and typically reports to the chief executive officer.
ABC Merchandise has inventories worth Php15,000, cash worth Php20,000, Prepaid expenses worth Php5,000 and equipment worth Php10,000. She has a current liability of Php30,000. How much is the quick ratio?
Which of the following statements is correct
This statement provides a narrative description or disaggregation of items presented in the financial statements and information about items that do not qualify for recognition since these items are non-accountable or not quantifiable.
These is being issued by the borrower to signify its indebtedness to the creditor.
This is the process of estimating the revenue and expenses over a specified future period of time.
This is a type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings.
Stocks is a debt security in which an investor lends his money to an entity which borrows the funds for a defined period of time at defined interest rate.
When classified on the basis of period, which does not belong to the group?
In FPL's Income statement, Total sales is Php32,000,000 Cost of sales is Php20,000,000 and Operating expenses is Php5,000,000. If you will be making a vertical analysis what is the percentage of net income?
This is defined as the process of making decision resulting to the investment of funds in these assets which will result in maximizing the overall return on the investment of the firm.
This type of budget usually includes expenses regarding advertising, insurance, rent, salaries, and utilities.
Finance is the art and science that describes the management, creation and study of money, banking, credit, investments, assets and liabilities.
This budget is used to ascertain whether company operations and other activities will provide a sufficient amount of cash to meet projected cash requirements.
One of the motives of holding inventory is to meet payments arising in the ordinary course of business.
He is responsible for the accounting operations of the company.
The business has Php100,000 current assets, Php150,000 non-current assets, Php50,00 current liabilities and Php25,000 non-current liabilities. If you will apply the common size analysis. What is the percentage of the current liabilities?
What type of budget must be made first?
If a business entity has a larger current liabilities than current its assets, the entity has _______ working capital.
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