Mid-shift by Athena Sanchez

Front

What is the primary goal of financial management?

Back

Maximizing shareholder wealth

Front

Which financial statement provides a snapshot of a company's financial position at a specific point in time?

Back

Balance sheet

Front

What does the term “liquidity” refer to in financial management?

Back

The ease with which assets can be converted into cash

Front

What is the time value of money (TVM)?

Back

The principle that a dollar today is worth more than a dollar in the future.

Front

Which financial ratio measures a company’s profitability? Options: Current ratio, Debt-to-equity ratio, Inventory turnover ratio

Back

Return on assets (ROA)

Front

Which of the following is considered a long-term financing option? Trade credit, Bank overdraft, Commercial paper, Corporate bonds

Back

Corporate bonds

Front

Which financial statement shows a company’s profitability over a period of time?

Back

Income statement

Front

Which of the following is an example of a fixed cost?
Options:
Raw material costs
Sales commissions
Rent expenses
Shipping costs

Back

Rent expenses

Front

What does EBIT stand for in financial management?

Back

Earnings Before Interest and Taxes

Front

Which of the following is an example of an indirect tax? Personal income tax, Corporate income tax, Value-added tax (VAT), Capital gains tax

Back

Value-added tax (VAT)