Ace the WGU D076 Finance Skills for Managers exam with this 2025 guide. Includes key concepts, formulas, practice questions, and verified answers aligned with the course objectives. Perfect for Western Governors University students seeking efficient study

D076 Finance Skills for Managers
with correct answers 2025



Accountingv-vcorrect-answersv-
Thevsystemvofvrecording,vreporting,vandvsummarizingvpastvfinancialvinformationvandvtransactions



AccountsvReceivablevTurnoverv(ARvTurnover)v-vcorrect-answersv-
Anvactivityvratiovfoundvbyvcreditvsalesvdividedvbyvaccountsvreceivable.

creditvsales/accountsvreceivable



ActivityvRatiosv-vcorrect-answersv-
Avcategoryvofvratiosvthatvmeasurevhowvwellvavcompanyvusesvitsvassetsvtovgeneratevsalesvorvcash,vsh
owingvthevfirm'svoperationalvefficiencyvandvprofitability.



AdditionalvFundsvNeededv(AFN)v-vcorrect-answersv-
Anothervnamevforvthevdiscretionaryvfinancingvneededvorvexternalvfinancingvneeded.vItvrepresentsv
thevadditionalvfinancingvneededvgivenvavfirm'svexpectationsvforvfuturevgrowth.



AffirmativevCovenantsv-vcorrect-answersv-
Avbondvcovenantvthatvdescribesvthingsvthevcompanyvpledgesvitselfvtovdovinvordervtovprotectvbondh
olders.

,AgencyvCostsv-vcorrect-answersv-
Costsvthatvarevincurredvwhenvmanagementvdoesvnotvactvinvthevbestvinterestvofvshareholders



AgencyvProblemv-vcorrect-answersv-
Whenvthevagentv(thevmanagement)vdoesvnotvactvinvthevbestvinterestvofvthevprincipalv(thevowners)



AggressivevAssetsv-vcorrect-answersv-Companiesvorvsecuritiesvwithvbetavgreatervthanv1.



AnnualvPercentagevRatev(APR)v-vcorrect-answersv-
Thevannualvinterestvratevthatvisvchargedvforvborrowingvmoneyvorvthatvisvearnedvthroughvinvestme
nt.



Annuityv-vcorrect-answersv-
Avstreamvofvcashvflowsvofvanvequalvamountvpaidveveryvconsecutivevperiod.



AnnuityvDuev-vcorrect-answersv-
Avseriesvofvequalvpaymentsvmadevatvthevbeginningvofvconsecutivevperiods.



Assetvpricingv-vcorrect-answersv-Thevprocessvofvvaluingvassets.



AuctionvMarketv-vcorrect-answersv-
Avsecondaryvmarketvwithvavphysicalvlocationvandvwherevpricesvarevdeterminedvbyvinvestors'vwillin
gnessvtovpay



AveragevCollectionvPeriodv(ACP)v-vcorrect-answersv-
anvactivityvratiovfoundvbyvthevnumbervofvdaysvinvavYearv(365)vdividedvbyvARvturnover.v

365/ARvturnover

, BalancevSheetvForecastingv-vcorrect-answersv-
Usingvsalesvgrowthvandvthevprofitvforecastvtovconstructvavprovformavbalancevsheetvtovunderstandvt
hevfuturevimplicationsvofvthevsourcesvandvusesvofvfinances.



BanksvandvCreditvUnionsv-vcorrect-answersv-
Receivevdepositsvandvextendvloansvtovindividualsvandvbusinesses.



Benchmarkingv-vcorrect-answersv-
Thevprocessvofvcompletingvavfinancialvanalysisvtovcomparevavfirm'svfinancialvperformancevtovthatvo
fvothervsimilarvfirms.



Betav-vcorrect-answersv-
Avvariablevthatvdescribesvhowvthevpricevofvavsecurityvvariesvwithvthevmarket.



Bid-askvSpreadv-vcorrect-answersv-
Thevdifferencevbetweenvthevbidvandvaskvpricesvthatvcompensatevthevspecialistvforvthevriskvthatvhev
orvshevbearsvforvwillingnessvtovprovidevliquidity.



BoardvofvDirectorsv-vcorrect-answersv-
Avgroupvofvpeoplevwhovjointlyvsupervisevthevactivitiesvofvanvorganization.



BondvIndenturev-vcorrect-answersv-
Avlegalvcontractvthatvgovernsvthevrelationshipvbetweenvavfirmvandvitsvbondholders.



Bondholdersv-vcorrect-answersv-
Avpersonvwhovloansvavcorporationvmoneyvbyvbuyingvdebtvsecurities.



BusinessvFinancev-vcorrect-answersv-
anvareavofvfinancevthatvdealsvwithvsourcesvofvfunding,vthevcapitalvstructurevofvcorporations,vthevac