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WorksheetsUnit 5 - Accounting!
Total questions: 11
Worksheet time: 6mins
What is unique about an Initial Public Offering (IPO)?
The company now has to hire an auditor
It is the first time that a company is selling stock to the public
The company moves from being a proprietorship to a corporation
The government now can regulate the company
The IPO that we reviewed in class was for....
Porsche
Rivian
Ernst and Young
Volkswagen
Which of the following items would be classified as a liability on the balance sheet
accounts receivable
wages payable
inventory
vehicles
Which financial statement shows a company's financial condition for a specified date?
income statement
statement of cash flow projections
balance sheet
journal of sales
In setting goals for budgeting, what does the "M" in SMART goals mean?
Measurable
Meaningful
Memorable
Magnificent
Expenses that can change month over month are known as:
fixed expenses
recurring expenses
operating expenses
variable expenses
Which company fabricated sales of more than $300 million in order to make their company look more profitable than it was?
Wirecard
Luckin Coffee
Ernst and Young
Muddy Waters
Which financial ratio measures the company's ability to use their short-term assets to pay off their short-term liabilities?
debt ratio
current ratio
operating ratio
net profit ratio
Depreciation is only assigned to your company's ____________
short-term assets
long-term assets
short-term liabilities
long-term liabilities
The biggest factor that influences the foreign exchange (FX) rate between two countries currencies is:
supply and demand
balance of payments
economic conditions
stability of government
If I have a net profit ratio that is a -3%, this means that ...
My liabilities are > than my assets
My assets are > than my liabilities
For every dollar in revenue, I am losing 3 cents
For every dollar in revenue, I am making 3 cents
