Goodwill is an example of a tangible asset. Question 1 options: Save Question 2

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Goodwill is an example of a tangible asset.

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Question 2 (10 points)

Inventory is an example of a tangible asset.

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Question 3 (10 points)

An income statement method of business valuation focuses more on cash flow than asset value.

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Question 4 (10 points)

Discounted cash-flow analysis consists of projecting future cash flows after debts are subtracted and before taxes are paid

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Question 5 (10 points)

The amount paid for goodwill should be small enough to be recovered with new profits in a reasonably short time period.

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Question 6 (10 points)

When running a family business, there are four overlapping perspectives on its operations: family, management, ownership, and sales.

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Question 7 (10 points)

All of the following are options for getting started as a business owner except

Question 7 options:

Inheriting a family business

Starting your own

Buying an existing business

Managing a joint venture

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Question 8 (10 points)

A list of liabilities of an existing business would include

Question 8 options:

Inventory

list of account payables

Account Receivables

Liens of creditors against assets

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Question 9 (10 points)

What of these is used to indicate whether sales volume is increasing or decreasing?

Question 9 options:

Audit Reports

Inventory Report

Working Capital Worksheet

Financial Records

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Question 10 (10 points)

To ensure that all back taxes have been paid, a potential buyer should inspect

Question 10 options:

The seller's books

Income tax returns

Unaudited financial statements

Loan agreements

Explanation / Answer

Answering the first 4 questions as per Chegg policy

Goodwill is an example of a tangible asset - FALSE

Explanation: Goodwill is an intangible asset of the firm which gets valued only at the time of valuation when the company gets divested or merged with some other firm.

Inventory is an example of a tangible asset - TRUE

Explanation: Inventory is a tangible asset as it is used in the daily operations and is available physically in the warehouse of the firm. It is also is prone to damage, corrosion and theft risks. It

An income statement method of business valuation focuses more on cash flow than asset value - TRUE

Explanation: In the income statement, only the income of the company can be projected. It does not focus on the valuation of assets but has the prime focus on the profits and the losses that the company incurs.

Discounted cash-flow analysis consists of projecting future cash flows after debts are subtracted and before taxes are paid - FALSE

Explanation: Discounted cash flow is the present value of the initial investment just by incorporating the discount factor in it.

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