WGU D076 PA Questions & Answers | Latest 2023/24 | Updated & Verified | Guaranteed Success

In which way is accounting different from finance? -Accounting is backward looking, while finance is focused on the future. -Accounting is about budgeting, saving, and borrowing, while finance is about investing, forecasting, and lending. -Accounting is focused on allocating capital, while finance is focused on bringing in capital. -Accounting forecasts future performance, given the past, while finance records past performance. - Accounting is backward looking, while finance is focused on the future. What is the main question that both individuals and companies must consider when making financial decisions to reach a goal? -Will utility be maximized through this decision? -Will this decision require debt or equity financing? -Will the benefits of the action outweigh the costs? -Will this decrease the amount of cash available? - Will the benefits of the action outweigh the costs? A financial manager at a company is trying to determine whether to issue new stocks or new bonds to cover the costs of a project the company is doing the next year. Which main task in business finance is this situation an example of? -Managing interdepartmental loans -Making investment decisions -Managing working capital -Making financing decisions - Making financing decisions How can investing help a person reach personal financial goals? -It provides access to potential revenue or increases in value to help meet goals faster. -It provides a guaranteed future outcome in order to predictably meet financial goals. -It ensures money is placed in a safe, risk-free, and easily accessible financial asset.-It helps a person understand how money was spent previously in order to reliably predict future expenses. - It provides access to potential revenue or increases in value to help meet goals faster. A sign company is planning to have an initial public offering (IPO). In which type of market will its stock first be sold to the public? -Money market -Secondary market -Primary market -Efficient market - Primary Market