Discussion:
Question 1
Key numbers that financial managers use to calculate ratios usually come from the firm's
Question 2
For financial managers to be socially responsible, it requires them
Question 3
A(n)_____ measures the extent to which a firm relies on debt to meet its financing needs.
Question 4
Historically the most widely accepted goal of financial management is
Question 5
Question 6
A _____ is used to predict when a firm will likely experience temporary shortages or surpluses of cash.
Question 7
_____ ratios measure the ability of an organization to convert assets into the cash it needs to pay off liabilities that come due in the next year.
Question 8
As a short-term credit arrangement, banks sometimes extend _____, which are guaranteed lines of credit in which the firm pays a commitment fee on unused portions of the funds the bank has committed.
Question 9
In its narrowest sense, a firm's _____ consists of its holdings of currency and demand deposits.
Question 10
_____ are short-term IOUs issued by the U.S. government that mature in 4, 13, or 26 weeks.
Question 11
_____ are valuable things owned by the firm.
Question 12
The _____ shows the cash flowing in and out of a firm through its operating, investing, and financing activities.
Question 13
The _____ indicates whether a firm earned a profit or suffered a loss over the past accounting period.
Question 14
_____ provide reports, information, and analysis to managers to assist them with making better informed decisions.
Question 15
Bookkeepers encompass the routine procedures involved in reporting information about the financial transactions that affect an organization, while _____ go further by analyzing and interpreting this information and communicating the results to stakeholders.
Question 16
_____ compares information contained in a firm's financial statements over a period of two or more years.
Question 17
_____ is a system for recognizing, recording, organizing, summarizing, analyzing, and reporting information about the financial transactions that affect an organization.
Question 18
____ is/are the claims owners have against their firm's assets.
Question 19
Investors are provided with _____ from the firms whose stock they own. These documents provide additional information about the firm's practices and operations.
Question 20
_____ accountants provide services such as tax preparation, external auditing, or management consulting to clients on a fee basis.