BUS 362 Week 4 Quiz\t\u00a0\t1. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 The _______________ shows what assets the business owns and what claims creditors and owners have against those assets, and is built on the basic accounting equation:\t2. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 When estimating the firm’s end-of-month cash balance, the owner should first:\t3. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 A high debt ratio:\u00a0\t4. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 On March 10th, a business owner receives an invoice from a supplier for $416.27 with “net 30″\ufffd credit terms marked on it. On April 7th, the owner writes the supplier a check for $416.27 and mails it. When would this cash disbursement show up on the company’s cash budget?\t5. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 Which of the following is not likely to be a use of working capital?\t6. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 Which of the following is true about inventory management for the small business owner?\t7. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 The __________ represents a “snapshot”\ufffd of a business, showing an estimate of its value on a given date, while the ________ is a “moving picture”\ufffd of the firm’s profitability over time.\t8. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 To encourage credit customers to pay invoices promptly, a business owner should:\t9. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 Which of the following associations is correct?\t10. \ufffd\u00a0 Question : \ufffd\u00a0\u00a0 Which of the following measures a company’s liquidity and its ability to pay its bills and other financial obligations on time?<\/p>\n","protected":false},"excerpt":{"rendered":"
BUS 362 Week 4 Quiz \u00a0 1. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 The _______________ shows what assets the business owns and what claims creditors and owners have against those assets, and is built on the basic accounting equation: 2. \ufffd\u00a0\u00a0\u00a0 Question Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-204708","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/204708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=204708"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/204708\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=204708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=204708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=204708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}