29. M are valuable things owned by the fim a) Retained earnings b) Owners\' equi
ID: 2570468 • Letter: 2
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29. M are valuable things owned by the fim a) Retained earnings b) Owners' equities c) Liabilities d) Assets 26 go. These documents Investors are provided withfrom the firms whose stockthey own. provide additional information about the firm's practices and operations a) profitability quotients b) annual reports e) vertical analysis d) pro rata analysis to protect the interests of investors and further the The Sarbanes-Oxley Act created the public interest in the preparation of fair and informative financial statement a) Public Company Accounting Oversight Board (PCAOB) b) Securities and Exchange Commission (SEC) c) Financial Accounting Standards Board (FASB) d) Forensic Accounting Standards Commision (FASC) 33 addresses the needs of managers, providing detailed reports to masagemet w information that makes informed decision-making possible a) Forensic accounting b) lavestigative accounting c) Managerial accounting d) Financial accounting 33, Financial management includes all of the following functions EXCEPT a) making decisions about the appropriate way to promote-t b) managing the firm's working capital. c) evaluating afimn's long-runinvestment opportunities. d evaluating a firm's recent financial performance 34 Key numbers that financial managers use to calculate ratios usually come from the ms a) prospectus and operating budget b) statement of cash flows c) balance sheet and income statement d) pro forma statements When financial managers are concerned about the ability to pay off debts that will come due in the next year, they are likely to focus on a) liquidity ration b) capital badgets c) incremental analysis d) leverage ratios Financial planning asks all of the following questions EXCEPT a) What specific assets must the firm obtain in order to achieve its goals? b) How much additional financing will the firm need to acquire assets c) Will the firm need to acquire external financing? d) How does the firm determine its pricing strategy 2b.Explanation / Answer
29. Answer = Assets
As Assets are are the things which the company owe.
30. Answer = Annual Reports
Annual reports are the reports which the company prepare at the end of its Financial Year which provides the information about the company Policies, Finalcial Statements like Balance Sheet, Statement of Profit and loss, cash Flow Statements..etc
31. Answer = Public Company Accounting Oversight Board
Sarbanes-Oxley Act was passed by the Congress to safeguard the interest of Investors from Accounting Frauds of Corporation and formed Public Company Accounting Oversight Board
32. Answer = Financial Accounting
Financial Accounting contains all the information needed to External Stakeholders as these contains the documents showing the financial position of the company like how much profit they are earning, different ratios, how they are investing their funds...etc
33. Answer = A
Financial Management doesnot deal with the promotion of the product as this is the reponsibility of Marketing Department or Sales Department
34. Answer = C
For the calculation of different ratios we needs different figures like Sales, Operating Expenses, operating Income, Assets, liabilities, Equity...etc and all these info. can be found in P&L and Balance Sheet as these are the Financial Statements of the company which contains all the info. about financial position of the company
35. Answer = Liquidity ratios
Liquidity ratios are the ratios which measure the firm's ability to meet its future liabilities and Liquidity ratios contains Current Ratis, Quick Ratios..etc
36. Answer = D
As the Determination of Pricing Policily is the department of Marketing Department, Financial Managers doesnot deal with firm's pricing Policy
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