EEE 2023 OKLAHOMA STATE FINAL
10 K - Answers :-filing similar to annual report but more complex
Accounts Receivable - Answers :-money owed to company by its customers
Assumption Sheet - Answers :-A new firms explanation of the sources used to make a
firms forecast.
Balance Sheet - Answers :-a snapshot of a company assets, liabilities, and owners
equity at a specific point.
Constant ratio method of forecasting - Answers :-each expense item on the income
statement will grow at the same rate as sales.
Cost of sales - Answers :-this includes all the direct cost associated with producing or
delivering a product or service.
Current assets - Answers :-include cash plus items that are readily convertible to cash,
such as accounts receivable, inventories, marketable securities
current liabilities - Answers :-include obligations that are payable within a year
current ratio - Answers :-equals the firms current assets divided by its current liabilities
debt to equity ratio - Answers :-calculated by dividing its long term debt by its
shareholders equity
Financial Management - Answers :-this deals with raising money and managing
acompanys finances in a way that yields the greatest returns
Financial ratios - Answers :-used to discern if a firm is meeting its financial objectives
and how well they compare to industry peers
Financing activities - Answers :-this includes cash raised during the period by borrowing
money or selling stock or cash, paying dividends, or buying back outstanding stock
Fixed assets - Answers :-assets used over a longer time frame such a real estate,
buildings, equipment, furniture
Liquidity - Answers :-companys ability to meet its shot term financial obligations
net sales - Answers :-total sales minus allowances for returned goods and discounts
, owners equity - Answers :-equity invested in the business by its owners plus the
accumulated earnings retained by the business after paying dividens
Percent of sales method - Answers :-method for expressing each expense item as a
percentage of sales
-pro forma balance sheet - Answers :-shows how a firms activities will affect its ability to
meet its short term liabilities and how its finances will evolve over time
Profit margin - Answers :-also known as "return on sales", this is found by dividing net
income by net sales
regression analysis - Answers :-a statistical technique used to find relationships btwn
variables for the purpose of predicting future values
Stability - Answers :-the strength and vigor of a firms overall financial posture
Working capital - Answers :-current assets minus its current liabilities
The four primary financial objectives of a startup - Answers :-Profitability
-Liquidity
-Efficiency
-Stability
Preferred attributes of the founders of an entrepreneurial venture - Answers :-higher
education
-prior entrepreneurial experience
Seven members of a new venture team - Answers :1. Founder or founders
2.Key Employees
3. Board of Directors
4. Other professionals
5. Lenders and investors
6. Board of advisors
7. Management team
advisory board - Answers :-panel of experts who are asked by a firms managers to
provide council and advice
board of directors - Answers :-panel of individuals who are elected by a corporations
shareholders to oversee the management of a firm
freelancer - Answers :-person who is in business for themselves, works on their own
time with there own means
10 K - Answers :-filing similar to annual report but more complex
Accounts Receivable - Answers :-money owed to company by its customers
Assumption Sheet - Answers :-A new firms explanation of the sources used to make a
firms forecast.
Balance Sheet - Answers :-a snapshot of a company assets, liabilities, and owners
equity at a specific point.
Constant ratio method of forecasting - Answers :-each expense item on the income
statement will grow at the same rate as sales.
Cost of sales - Answers :-this includes all the direct cost associated with producing or
delivering a product or service.
Current assets - Answers :-include cash plus items that are readily convertible to cash,
such as accounts receivable, inventories, marketable securities
current liabilities - Answers :-include obligations that are payable within a year
current ratio - Answers :-equals the firms current assets divided by its current liabilities
debt to equity ratio - Answers :-calculated by dividing its long term debt by its
shareholders equity
Financial Management - Answers :-this deals with raising money and managing
acompanys finances in a way that yields the greatest returns
Financial ratios - Answers :-used to discern if a firm is meeting its financial objectives
and how well they compare to industry peers
Financing activities - Answers :-this includes cash raised during the period by borrowing
money or selling stock or cash, paying dividends, or buying back outstanding stock
Fixed assets - Answers :-assets used over a longer time frame such a real estate,
buildings, equipment, furniture
Liquidity - Answers :-companys ability to meet its shot term financial obligations
net sales - Answers :-total sales minus allowances for returned goods and discounts
, owners equity - Answers :-equity invested in the business by its owners plus the
accumulated earnings retained by the business after paying dividens
Percent of sales method - Answers :-method for expressing each expense item as a
percentage of sales
-pro forma balance sheet - Answers :-shows how a firms activities will affect its ability to
meet its short term liabilities and how its finances will evolve over time
Profit margin - Answers :-also known as "return on sales", this is found by dividing net
income by net sales
regression analysis - Answers :-a statistical technique used to find relationships btwn
variables for the purpose of predicting future values
Stability - Answers :-the strength and vigor of a firms overall financial posture
Working capital - Answers :-current assets minus its current liabilities
The four primary financial objectives of a startup - Answers :-Profitability
-Liquidity
-Efficiency
-Stability
Preferred attributes of the founders of an entrepreneurial venture - Answers :-higher
education
-prior entrepreneurial experience
Seven members of a new venture team - Answers :1. Founder or founders
2.Key Employees
3. Board of Directors
4. Other professionals
5. Lenders and investors
6. Board of advisors
7. Management team
advisory board - Answers :-panel of experts who are asked by a firms managers to
provide council and advice
board of directors - Answers :-panel of individuals who are elected by a corporations
shareholders to oversee the management of a firm
freelancer - Answers :-person who is in business for themselves, works on their own
time with there own means
