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WorksheetsFinancial Aspect
Total questions: 15
Worksheet time: 5mins
Does the organizational plan include the financial projections for the new venture?
TRUE
FALSE
Do assets refer to everything that the business owns that can be used to create value?
TRUE
FALSE
Liabilities represent the excess of all assets over liabilities, this is also known as the net worth of the business?
TRUE
FALSE
Do liabilities represent everything that the business owes to banks and other creditors?
TRUE
FALSE
Does competitor analysis refer to the volumes of sales at which the business neither makes a profit nor incurs a loss?
TRUE
FALSE
Does liquidity generally refer to how much cash or cash equivalents are present in a company?
TRUE
FALSE
The total amount of money spent is called inflows by the company over the same period?
TRUE
FALSE
The projected income statement shows you and potential lenders and investors if the company is profitable and/or when it is expected to make a profit.
TRUE
FALSE
The sum over some time of the total cash received called (inflow) from the sale?
TRUE
FALSE
Current assets can include buildings, computer equipment, software, furniture, land, machinery, and vehicles?
TRUE
FALSE
Variable cost are business costs, such as rent, that are constant whatever the quantity of goods or services produced.
TRUE
FALSE
Fixed cost are costs that change as the quantity of the good or service that a business produces changes.
TRUE
FALSE
Expense is a type of expenditure that flows through the income statement and is deducted from revenue to arrive at net income.
TRUE
FALSE
Projected revenue refers to estimated money a company will generate during a specific period.
TRUE
FALSE
Revenue is the value of sales of goods and services recognized by a company in a period.
TRUE
FALSE
