PF BUS101 lesson 5
Which of the following is unsecured short term debt that a financial manager looks for as low risk investment with a high return
Commercial paper
Which of the following are issued by corporations, usually have a par value of $1000, and can be secured or unsecured
Corporate bonds
A financial manager must manage the opportunity for profit. What is this called
Database management system
Which of the following measures the relationship between the amount of borrowing and the value of the owners funds
Debt to equity ratio
What must be paid first to preferred stockholders before the company can pay to any common stockholders
Dividends
Which of the following often make short term loans for which borrowers put up tangible assets because they can't get credit elsewhere
Finance company
The requirement that companies must clearly disclose all transactions that may have material current or future effect on their financial condition which is key provision of SOX
Financial disclosure
which of the following refers to the framework for looking at past performance, current financial health, and possible future performance
Accounting
Which of the following functions involves bringing similar stacks together into a larger quantity
Accumulating
Who does the FDIC insure
All members of the federal reserve system
To become a certified public accountant (CPA), an accountant must complete and approved bachelors degree program and pass a test prepared by the
American Institute of CPAs (AICPA)
Which of the following describes current assets
Assets that can or will be converted to cash in the next 12 months
Which of the following can help generate complete sets of data that will improve the overall details of the auditing process
Automation
Which of the following will continue to be less prevalent in the coming years
Branch banking
Which of the following has enabled accounting firms to add five times more clients than traditional accounting firms
Cloud-based accounting
Which of the following is profit oriented financial institution that accepts deposits, makes business and consumer loans, and provides other financial services
Commercial bank
What's the main goal of a financial manager
Maximize the firms value to its owners
Which of the following will continue to be a strategic advantage that will separate traditional banking from innovative banking
Mobile financial apps
On an income statement the revenues are more than the expenses. This results in which of the following
Net profit
Which of the following are the amounts left over from profitable operations since the firms beginning
Retained earnings
Where are old securities bought and sold
Secondary market
Because money is used to hold wealth it is known as which of the following
Store of value
