ENGRI_127_quiz_8_an - ENGRI 127 Quiz#8 Week of 1 A companys ability to pay cash when needed for expenses(such as employee salaries is referred to

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ENGRI 127 Quiz #8 Week of April 14, 2008 1. A company’s ability to pay cash when needed for expenses (such as employee salaries) is referred to as: A. efficiency B. effectiveness C. liquidity D. stability E. profitability 2. Money owned to a company by its customers is referred to by the company as: A. liquidity B. accounts receivable C. accounts payable D. inventory E. owners’ equity 3. A company’s products waiting to be sold is called its: A. set aside B. accounts payable C. reserve D. banked production E. inventory 4. A financial statement is a(n): A. written report that quantitatively describes a firm’s financial health B. set of ratios which depict relationships between a firm’s financial items C. itemized forecast of a company’s income, expenses, and capital needs D. hybrid statement of cash flows E. estimate of a firm’s future income and expenses
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5. __________ reflect past performance and are usually prepared on a quarterly and annual basis. A.
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This note was uploaded on 09/30/2008 for the course ENGRI 1270 taught by Professor Callister during the Spring '08 term at Cornell University (Engineering School).

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ENGRI_127_quiz_8_an - ENGRI 127 Quiz#8 Week of 1 A companys ability to pay cash when needed for expenses(such as employee salaries is referred to

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