Accounting Financial Statement Multiple Choice Questions Homework Help
Best UK USA UAE Australia Canada China Accounting Financial Statement Multiple Choice Questions Homework Help Service Online
1) A projected excess cash balance for the month may be
a. financed with long-term securities.
b. invested in marketable securities.
c. financed with short-term securities.
d. invested in long-term securities.
2) In the month of August, a firm had total cash receipts of $10,000, total cashdisbursements of $8,000, depreciation expense of $1,000, a minimum cash
balance of $3,000, and a beginning cash balance of $500. The excess cash
balance (required financing) for August is
a. required total financing of $500.
b. required total financing of $2,500.
c. excess cash balance of $500.
d. excess cash balance of $5,500.
3) The key inputs for preparing pro forma income statements using the simplifed approaches are the
a. sales forecast for the preceding year and financial statements for the comingyear.
b. sales forecast for the coming year and the cash budget for the preceding year.
c. cash budget for the coming year and sales forecast for the preceding year.
d. sales forecast for the coming year and financial statements for the precedingyear.
4) The ________ method of developing a pro forma balance sheet estimates valuesof certain balance sheet accounts while others are calculated. In thismethod, the firm’s external financing is used as a balancing, or plug, figure.
5) The strict application of the percent-of-sales method to prepare a pro formaincome statement assumes the firm has no fixed costs. Therefore, the use ofthe past cost and expense ratios generally tends to ________ profits when sales are increasing.
a. have no effect on
b. accurately predict
6) A firm plans to retire outstanding bonds in the next planning period. Thestatements that will be affected are the
a. pro forma balance sheet and cash budget.
b. pro forma income statement and pro forma balance sheet.
c. cash budget and statement of retained earnings.
d. pro forma income statement, pro forma balance sheet, cash budget, andstatement of retained earnings.
7) Utilizing past cost and expense ratios (percent-of-sales method) when preparingpro forma financial statements will tend to
a. overstate profits when sales are increasing.
b. neither understate nor overstate profits.
c. understate profits when sales are increasing.
d. understate profits when sales are decreasing.
8) In a period of rising sales utilizing past cost and expense ratios (percent of-
sales method), when preparing pro forma financial statements and planning
financing, will tend to
a. overstate retained earnings and understate the financing needed.
b. overstate retained earnings and overstate the additional financing needed.
c. understate retained earnings and overstate the financing needed.
d. understate retained earnings and understate the additional financing needed.
9) For positive interest rates, the future value interest factor is
a. sometimes negative.
b. always greater than 1.0.
c. never greater than 25.
d. always less than 0.
10) The amount of money that would have to be invested today at a given interest
rate over a specified period in order to equal a future amount is called
a. present value.
b. future value.
c. future value interest factor.
d. present value interest factor.
How it Works?
How it Works?
Step 1:- Want to buy solution for this. Please click on submit your assignment here and then fill all details and please mentioned product code at the end of the case. Product code is extremely important to locate your assignment. You can also mail us by keeping product code as mail subject to email@example.com
Step 2:- As soon as we received your details, we will inform you with through email about quotations of the given assignment. Requesting you to please mention your budget. Also ensure our email firstname.lastname@example.org should not go into your spam folder.
Step 3:- Once you agree with our price, click on pay now and pay the agreed amount and once we received the payment assignment will be delivered before agreed deadline.
Step 4:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.
Our Features for Assignment Help Services
Plagiarism Free Solution
The first and foremost things that we promise to our customer is plagiarism free solution i.e. a complete and unique solution as per customer’s university requirements.
Excellent Customer Care Services
You can feel our responsiveness once you use our service. Our team of excellent and dedicated customer service representatives are always ready to provide best customer care service 24X7 . Just drop a mail to email@example.com and you can receive response in just no time.
Multiple Stage Quality Assurance
We design a unique multiple stage quality assurance team to ensure plagiarism free, original, relevant and as per customer’s requirements. We not only give importance to accurate solutions or writing but also we give equal importance to references style too.
Privacy and Confidentiality
We believe in maintaining complete privacy and confidentiality of all our clients. None of the information furnished to us is shared with anyone else.
We receive requests from clients all over the World. Most of our customers are from USA, UK, Australia, Canada, UAE, Muscat, Oman, Qatar, UAE, New-Zealand, France Germany etc.
- Accounting Homework Help
- Accounting Assignment Help
- Computer Science Homework Help
- Management Homework Help
- Finance Assignment Help
- Online Essay Writing Help
- Strategic management case study help
- Case Study Assignment Help
- Dissertation Writing Help
- Trade finance case study help
- Project Management Assignment Help
- Mechanical Engineering Homework Help
- Online Quiz Help
- Maths homework Help
- Online Exam Help
- Economics Assignment Help
- Economics Homework Help
- English Homework Help
- Macroeconomics Homework Help
- Microeconomics Homework Help
- Statistics Assignment Help
- Australia Taxation Homework Help
- Supply chain management homework help
- Taxation homework help
- USA taxation assignment help
- Advanced accounting homework help online
- Auditing homework writing help
- Human resource management homework help
- Nursing homework help online
- Psychology homework help online
- Sociology homework help online
- Ratio analysis homework help online
- Strategic Management Homework Help Online
- Mba operations management homework help
- Human resource management homework help
- Operations management homework help
11) The present value of $200 to be received 10 years from today, assuming anopportunity cost of 10 percent, is
12) The future value of a dollar ________ as the interest rate increases and________ the farther in the future an initial deposit is to be received.
a. increases; increases
b. decreases; increases
c. decreases; decreases
d. increases; decreases
13) The present value of a $25,000 perpetuity at a 14 percent discount rate is
14) The future value of $100 received today and deposited in an account for fouryears paying semiannual interest of 6 percent is
15) The future value of an annuity of $1,000 each quarter for 10 years, deposited at 12 percent compounded quarterly is
Product Code: ACC702
Looking for Accounting Financial Statement Multiple Choice Questions Homework Help, please submit your details here with product code mentioned above.