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CASH FLOW BUDGETING

Total questions: 15

Worksheet time: 27mins

Name
Class
Date
1.

Cash flow budgeting primary purpose is to estimate the (a)   of future borrowing needs and the ability of the business to repay loans.

2.

Cash inflows come from the following transaction EXCEPT

a)

New loans

b)

Sales

c)

Taxes

d)

Subsidy

3.

The following are true about general uses of cash EXCEPT

a)

Farm operating expenses, the normal and usual cash expenses incurred in producing the farm revenue

b)

Capital purchases, the partial purchase price of any new capital assets

c)

Nonbusiness and other expenses, which would include cash used for living expenses, income etc

d)

Principal payments on debt

4.

A (a)   contains estimates of cash flows for a future time period.

5.

Select the correct statements regarding the uses of cash flow budget (can choose more than one answer)

a)

Aid tax payment

b)

Plan purchases to obtain discounts

c)

Suggest ways to maximize borrowing

d)

Plan borrowing and debt repayment

6.

Why it is important to monitor actual cash flows?

a)

Control the values computed in the cash flow budget

b)

Easier to compute the balance sheet statement

c)

Makes it easy to put together the annual financial statement for businesses.

d)

To make adjustments for cash flow budget next year

7.

"Easy to calculate and identifies the investments with the most  immediate cash returns but ignores returns after the end of the payback period as well as the timing of cash flows".

The statement describes ______

a)

Internal rate of return

b)

Simple internal rate of return

c)

Payback period

d)

Net present value

8.

______ is the sum of the present values of each year’s net cash flow minus the initial investment

a)

Internal rate of return

b)

Simple rate of return

c)

Payback period

d)

Net present value

9.

Choose the best investment based on the following decision

a)

Longer payback period

b)

Higher NPV

c)

Lower simple rate of return

10.

_____ is number of years it would take for an investment to return its  original costs through the net cash guaranteed

a)

Internal rate if return

b)

Simple rate of return

c)

Payback period

d)

Net present value

11.

Investment analysis involves the following tools EXCEPT

a)

Return on investment

b)

Simple rate of return

c)

Payback period

d)

Net present value

12.

Keeping good records of actual cash flows is important for several reasons EXCEPT

a)

Provide useful insight into financial structure of the business and

b)

If cash flow records are recorded and summarizes monthly, the monthly cash flow can be compared with monthly budgeted values at the end of each year.

c)

Provide a good starting point for developing the next annual cash flow budget

d)

Show how the operating, financing, and investing activities combine and interact as sources and uses of cash

13.

Original cost : $20,000, discount rate : 10%

Project A inflow : RM 5,000 per year for 5 years

Calculate the payback period

(a)  

14.

Original cost : $20,000, discount rate : 10%

Project A inflow : RM 5,000 per year for 5 years

Terminal value : RM 3,000

Calculate the simple rate of return for project A

(a)  

15.

Original cost : $15,000, discount rate : 10%

Project A inflow : RM 5,000 per year for 5 years

Calculate the net present value

(a)