Ch. 4 Quiz
In using a systems approach to financial planning, it is necessary to develop a
pro forma income statement.
All of the options are true.
The key initial element in developing all pro forma statements is
a cash budg
Ch. 6 Quiz
The term "permanent current assets" implies
the same thing as fixed assets.
some minimum level of current assets that are not self-liquidating.
One advantage of level production is that
manpower and equipment ar
Quiz Ch. 5
1. The concept of operating leverage involves the use of _ to magnify returns at high
levels of operation?
2. If sales units exceeds the break-even point in units, the firm will
Chapter 7 Quiz
In managing cash and marketable securities, what should be the manager's primary concern?
Maximization of profit
Maximization of liquid assets
Acceptable return on investment
Liquidity and safety
The difference between the amount of cash on