Worksheetscash flow and bank services
Total questions: 20
Worksheet time: 11mins
Name
Class
Date
1.
Receiving a new toy from you mom is a_____.
a)
good
b)
service
2.
Good or a service? Buying a pair of new shoes
a)
good
b)
service
3.
A mechanic fixing your car is a good or a service?
a)
service
b)
good
4.
A taxi taking you to the airport is a good or a service?
a)
service
b)
good
5.
What is a service?
a)
going to church
b)
buying something
c)
an action that a person does for someone else
6.
A doctor is giving you a check up. Is this a good or service?
a)
good
b)
service
7.
The amount of cash moving into and out of a business
a)
Cash Flow
b)
Net Worth
8.
Money received from a business investor would be an example of
a)
cash inflow
b)
cash outflow
9.
selling an asset would be an example of
a)
cash inflow
b)
cash outflow
10.
paying the rent would be an example of
a)
cash inflow
b)
cash outflow
11.
Which is not a category of cash flow?
a)
Operating
b)
Investing
c)
Financing
d)
Current Assets
12.
The following would appear in which section of the cash flow statement?
Cash payments for purchasing inventory
a)
Operating
b)
Investing
c)
Financing
13.
Which of the following is an example of a cash in-flow for a business?
a)
payment to suppliers
b)
paying back a loan to a bank
c)
payment from debtors
d)
purchase of fixed assets
14.
Which of the following is an example of a cash out-flow for a business?
a)
payments to creditors
b)
sale of goods
c)
payment from debtors
d)
receiving a loan from the bank
15.
Which of the following is NOT a use of cash-flow forecasts?
a)
They indicate how much cash is available for paying bills
b)
They show how much the bank needs to lend to stop insolvency
c)
They indicate whether the business is holding too much cash
d)
They indicate how much profit the business will make
16.
Business cash flow forecasts are of use in all of the following situations except:
a)
calculating last year’s profit or loss
b)
finding out how much cash will be needed to start a business
c)
keeping informed about the liquidity of the business
d)
helping the manager to plan when to borrow money
17.
A firm is forecast to have a negative closing bank balance. Which would reduce the problem?
a)
sell more goods on 4 months credit
b)
produce more goods
c)
ask customers to pay in cash and not sell goods on credit
d)
ask suppliers if the firm can pay for goods in cash
18.
The monthly net cash flow for a business is calculated by:
a)
sales revenue - cost of goods sold
b)
total cash in - total cash out
c)
total cash out - total cash in
d)
total cash in - cost of goods sold
19.
What is an example of a consumer?
a)
a farmer who grows corn
b)
a person who buys books
c)
an artist who sells paintings
20.
What is the purpose of a cash flow forecast?
a)
To calculate profit or loss
b)
To find out whether a business has enough cash to pay their bills
c)
To find out when customers are going to pay their invoices
d)
To see if the business will break even
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