WGU D076 Finance Skills for Managers (PA) Questions with 100% Correct Answers | Verified

WGU D076 Finance Skills for Managers (PA) Questions with 100% Correct Answers | Verified FINANCIAL ENVIRONMENT In which way is accounting different from finance? 1. Accounting is backward looking, while finance is focused on the future. 2. Accounting forecasts future performance, given the past, while finance records past performance. 3. Accounting is focused on allocating capital, while finance is focused on bringing in capital. 4. Accounting is about budgeting, saving, and borrowing, while finance is about investing, forecasting, and lending. - 1. Accounting is backward looking, while finance is focused on the future. FINANCIAL ENVIRONMENT What is the main question that both individuals and companies must consider when making financial decisions to reach a goal? 1. Will utility be maximized through this decision? 2. Will this decrease the amount of cash available? 3. Will this decision require debt or equity financing? 4. Will the benefits of the action outweigh the costs? - 3. Will this decision require debt or equity f