FIN 300 Exam 2 2025/2026 Exam
Questions and Verified Answers |
Already Graded A+
The balancing problem in forecasting refers to which of the following? - 🧠
ANSWER ✔✔the cost of new debt and its impact on forecasting retained
earnings
Which of the following items on the income statement and balance sheet is
most likely to vary spontaneously with sales? - 🧠 ANSWER ✔✔notes
payable
Additional funds needed represents: - 🧠 ANSWER ✔✔the amount to be
borrowed
Sales will grow from $100,000 this year to $150,000 next year. Preferred
dividends were $10,000 this year. What is the new projected amount of
preferred dividends? - 🧠 ANSWER ✔✔$ 10,000
,Which of the following items on the income statement and balance sheet is
least likely vary spontaneously with sales? - 🧠 ANSWER ✔✔plant and
equipment
Each of the following items on the income statement and balance sheet
tend to vary spontaneously with sales except? - 🧠 ANSWER
✔✔accumulated depreciation
A financial plan consisting of projected future financial statements are
called:
Hint: "In the form of" is the key here! - 🧠 ANSWER ✔✔pro forma financial
statements.
Which of the following does not represent a financial plan?
Hint: A financial plan looks ahead. - 🧠 ANSWER ✔✔A balance sheet
Which one of the following is not a method of forecasting future business
activity? - 🧠 ANSWER ✔✔Analysis of last year's financial statements
, Which of the following pro forma statements is likely to be calculated first
by the financial manager who is creating next year's financial plan?
Hint: Where is the primary "independent" variable for the plan found? - 🧠
ANSWER ✔✔Income statement
Which of the following income statement accounts is not likely to vary with
sales?
Hint: Which of the following is a function of something other than sales? - 🧠
ANSWER ✔✔Depreciation expense
Which of the following balance sheet accounts is not likely to vary directly
with changes in sales?
Hint: Which of the following is affected least by sales? - 🧠 ANSWER
✔✔Long-term debt
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
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Questions and Verified Answers |
Already Graded A+
The balancing problem in forecasting refers to which of the following? - 🧠
ANSWER ✔✔the cost of new debt and its impact on forecasting retained
earnings
Which of the following items on the income statement and balance sheet is
most likely to vary spontaneously with sales? - 🧠 ANSWER ✔✔notes
payable
Additional funds needed represents: - 🧠 ANSWER ✔✔the amount to be
borrowed
Sales will grow from $100,000 this year to $150,000 next year. Preferred
dividends were $10,000 this year. What is the new projected amount of
preferred dividends? - 🧠 ANSWER ✔✔$ 10,000
,Which of the following items on the income statement and balance sheet is
least likely vary spontaneously with sales? - 🧠 ANSWER ✔✔plant and
equipment
Each of the following items on the income statement and balance sheet
tend to vary spontaneously with sales except? - 🧠 ANSWER
✔✔accumulated depreciation
A financial plan consisting of projected future financial statements are
called:
Hint: "In the form of" is the key here! - 🧠 ANSWER ✔✔pro forma financial
statements.
Which of the following does not represent a financial plan?
Hint: A financial plan looks ahead. - 🧠 ANSWER ✔✔A balance sheet
Which one of the following is not a method of forecasting future business
activity? - 🧠 ANSWER ✔✔Analysis of last year's financial statements
, Which of the following pro forma statements is likely to be calculated first
by the financial manager who is creating next year's financial plan?
Hint: Where is the primary "independent" variable for the plan found? - 🧠
ANSWER ✔✔Income statement
Which of the following income statement accounts is not likely to vary with
sales?
Hint: Which of the following is a function of something other than sales? - 🧠
ANSWER ✔✔Depreciation expense
Which of the following balance sheet accounts is not likely to vary directly
with changes in sales?
Hint: Which of the following is affected least by sales? - 🧠 ANSWER
✔✔Long-term debt
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
