WorksheetsFunding and Financial Statements - Ent.
Total questions: 14
Worksheet time: 6mins
The information in pro forma financial statements is based on...
projections
current interest rates
your net worth
financial data from the previous year
Things of value that you own are classified as...
interest rates
liabilities
benefits
assets
What is a liability?
Something that you owe
account receivables
your family and friends
Something of value that you own.
You have assets totaling $10,000 and all of your debts total $13,000. What is your net worth
$3
$23,000
$3000
$-3000
Which of the following is an example of debt financing a business?
Selling shares of stock
Borrowing money from your friend
Collecting donations through a Go Fund Me
claiming bankruptcy
Select each option that could be a source of equity finanacing for a business.
family and friends
a loan
venture capitalists
personal contributions
A secured loan...
does not require collateral
requires collateral
An unsecured loan is based on good faith and has no collateral
True
False
What could be a reason for being turned down for a business loan? (Select all that apply)
you don't have a business plan
you lack experience in running a business
You were punctual and well dressed for your meeting with the lender.
you have little to no personal investment in the business
Having a loan guaranteed by the SBA increases your chances of receiving a loan from a financial institution.
False
True
Having a large number of investors each put in a small amounts of money into a business through the web is known as...
online shopping
venture capitalism
cash flow
crowdfunding
The financial statement that identifies all your revenue and expenses for a period of time and shows whether you made a profit or suffered a loss during that time
profit report
income statement
balance sheet
account receivables list
What would be your owner's equity if your balance sheet on January 22 shows assets totaling $155,000 and your liabilities total $75,000?
$80,000
-$80,000
$75,000
$230,000
The _ flow statement shows when money comes into or goes out of your business (the payment changes hands).
(a)
