WorksheetsChapter 17 & 18 Quiz
Total questions: 10
Worksheet time: 5mins
Chapter 20: What is included in M-3?
Coins, paper money, traveler’s checks
Savings accounts, mutual funds
Institutional money market funds
All of the above
Who counts as a stakeholder of a company?
Investors and creditors only
Employees
the government
All individuals or groups who have a vested interest in the performance of the business.
True or False: The Fundamental accounting equation doesn't always have to be balanced.
True
False
How are assets listed on the balance sheet?
Smaller assets are listed first
In order of liquidity
Larger assets are listed first
Order does not matter
What does a low gross margin (gross profit) say about a firm's activities?
Cost of Goods Sold for the firm was high
Cost of Goods Sold for the firm was low
Revenue was too low
Net Income was negative
Which one of these is not a profitability (performance) ratio?
Earnings per Share (EPS)
Return on Sales
Return on Equity
Current Ratio
What does not count as a capital expenditure?
Purchase of land
Copyrights
Equipment
Office Supplies
Which one of these counts as debt financing?
Retained Earnings
Selling Stock
Issuing bonds
Venture Capital
True or False: Secured bonds are backed only by the reputation of the issuer.
True
False
The phenomenon of money growing over time through earned interest is called:
Debt financing
Time Value of Money
Line of Credit
Risk
