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