3599166
Descripción
Test por Cristian Quintanilla, actualizado hace más de 1 año
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Creado por Cristian Quintanilla
hace alrededor de 9 años
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Pregunta 1
Pregunta
The strategic financial plans are planned long-term financial actions and the anticipated financial impact of those actions.
Respuesta
- True
- False
Pregunta 2
Pregunta
If the net cash flow is less than the minimum cash balance, financing is required
Respuesta
- True
- False
Pregunta 3
Pregunta
Cash planning involves the preparation of the firm's income statement
Respuesta
- True
- False
Pregunta 4
Pregunta
A positive external funds requirement would indicate that the firm's financing is in excess of its needs and that funds would therefore be available for repaying debt, repurchasing stock, or increasing the dividend to stockholders.
Respuesta
- True
- False
Pregunta 5
Pregunta
The sales forecast, cash budget, and pro forma financial statements are the key outputs of the short-run (operating) financial plan
Respuesta
- True
- False
Pregunta 6
Pregunta
The excess cash balance is the amount available for investment by the firm if the desired minimum cash balance is less than the period's ending cash.
Respuesta
- True
- False
Pregunta 7
Pregunta
The "plug" figure that is used as a balancing account in the pro forma balance sheet is retained earnings
Respuesta
- True
- False
Pregunta 8
Pregunta
The pro forma statements provide the financial manager with the amount of external financing required to support a given level of sales as well as a basis for analyzing in advance the level of profitability and overall financial performance of the firm in the coming year
Respuesta
- True
- False
Pregunta 9
Pregunta
The cash budget gives the financial manager a clear view of the timing of the firm's expected profitability over a given period
Respuesta
- True
- False
Pregunta 10
Pregunta
A firm's net cash flow is the mathematical difference between the firm's beginning cash and its cash disbursements in each period
Respuesta
- True
- False
Pregunta 11
Pregunta
The financial planning process begins with short-run plans and budgets that in turn guide the formulation of long-run financial plans
Respuesta
- True
- False
Pregunta 12
Pregunta
A typical sales forecast, though concerned with future events, will usually be based on recent historical trends and events as well as on forecasts of economic prospects
Respuesta
- True
- False
Pregunta 13
Pregunta
Pro forma financial statements are used primarily to assess a firm's historical performance
Respuesta
- True
- False
Pregunta 14
Pregunta
Any firm with a positive growth rate in sales will require some amount of external funding, assuming all existing ratios are to be maintained
Respuesta
- True
- False
Pregunta 15
Pregunta
An increase in the firm's inventory balance will normally require additional financing, unless the increase is matched by an equally large decrease in some other assets account
Respuesta
- True
- False
Pregunta 16
Pregunta
The financial planning process begins with __________ financial plans that in turn guide the formation of __________ plans and budgets
Respuesta
-
long-run; operating
-
strategic; operating
-
short-run; long-run
-
long-run; short-run
Pregunta 17
Pregunta
The key aspects of the financial planning process are:
Respuesta
-
investment planning and profit planning
-
cash planning and financing
-
cash planning and investment planning
-
cash planning and profit planning
Pregunta 18
Pregunta
Pro form statements are used for:
Respuesta
-
profit planning
-
credit analysis
-
cash budgeting
-
all of the above
Pregunta 19
Pregunta
Which of the following would be the lease likely to utilize pro forma financial statements or a cash budget?
Respuesta
-
top management
-
middle management
-
investors
-
lenders
Pregunta 20
Pregunta
The __________ is a financial projection of the firm's short-term cash surpluses or shortages
Respuesta
-
operating plan
-
cash budget
-
strategic plan
-
pro forma income statement
Pregunta 21
Pregunta
__________ forecast is based on the relationships between the firm's sales and certain economic indicatiors
Respuesta
-
A sales
-
An internail
-
A pro forma
-
An external
Pregunta 22
Pregunta
Key inputs to short-term financial planning are:
Respuesta
-
leverage analysis
-
economic forecasts
-
sales forecasts, operating, and financial data
-
financial budgets
Pregunta 23
Pregunta
Of the following, generally, the easiest to estimate are:
Respuesta
-
cash sales
-
cash disburesments
-
cash receipts
-
short-term borrowings
Pregunta 24
Pregunta
The percent-of-sales method of preparing the pro forma income statement assumes that all costs are:
Respuesta
-
fixed
-
independent
-
constant
-
variable
Pregunta 25
Pregunta
___________ generally reflects the anticipated financial impact of long-term actions
Respuesta
-
an operating financial plan
-
a strategic financial plan
-
a pro forma income statement
-
a cash budget
Pregunta 26
Pregunta
The primary purpose in preparing a budget is:
Respuesta
-
for profit planning
-
for risk analysis
-
to estimate sales
-
for cash planning
Pregunta 27
Pregunta
All of the following accounts are used in the preparation of the cash budget, EXCEPT:
Respuesta
-
cash receipts
-
depreciation
-
cash disbursements
-
excess cash
Pregunta 28
Pregunta
Holding other things constant, the additional funds required for financing the firm's operations would be reduced with an increase in the firm's
Respuesta
-
dividend ration payout
-
profit margin
-
capital intensity ration
-
tax rate
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