WGU C214

1. What is included in the Income Statement and NOT in the Statement of Cash Flows(answer) Depreciation Expense 2. Computation of Net Income: A co. sold products in 2014 for $120k and collected $100k cash and re- mainder in 2015. Co. incurred $70k expenses for 2014 and paid $100k which included $30k for expenses incurred in 2013. What is net income for 2014?- : Computation of Net Income (R-E=NI) $50,000 Net Income = $120k - $70k = $50k, or Revenues - Expenses Incurred = Net Income 3. Retai...

WGU C214 Exam Questions With Complete Solutions

WGU C214 Exam Questions With Correct Answers

WGU C214 OA Financial Management RETAKE EXAM SUMMER TERM 2023

The sum of CFO + CFI + CFF is equal to - ANSWER-the change in cash during theperiodDepreciation expense is a significant source of difference between net income and CFObecause - ANSWER-depreciation is a non-cash expense on the Income Statementassociated with the acquisition of long-term assetsSubordinated bonds - ANSWER-are bonds not backed by collateralFor visualization purposes, CFI accounts are generally non-current assets on thebottom of the asset side of the Balance Sheet - ANSWER-TRUENOTE:...

ANSWERSStudeFinancial Management Overview: Calculation QuizThis Quiz tests your ability to solve calculation questions "from scratch." There are1 or 2 questions for each type of calculation covered in the webinar. You shouldhave the sidebar formulas available for reference. If you cannot solve a questioncorrectly, refer back to the webinar slides.If you need help on 1 or 2 questions,send me an e-mail with the question numbers. If you are struggling with manyquestions, please schedule a call wi...

Elements of Financial Statements (8 Questions) Answer Revenue Expenses Income Assets Liabilities Equity Revenue Answer Amount generated by sale of products and services Expenses Answer Amount incurred to manufacture products Income Answer The difference between revenues and expenses Liabilities Answer Amounts owed by the company to others Equity Answer Amounts invested in the company by shareholders Income Statement (recorded in two methods) Answer Accrual Principal = Reve...

1. What does the Foreign Corrupt Practices Act forbid U.S. companies to do Answer Prohibits U.S. firms and individuals from paying bribes to foreign officials to further business deals. 2. What are two basic types of financial instruments Answer Stocks and Bonds 3. What are secondary markets Answer Secondary financial markets are where securities are traded after the initial offering. 4. What do cash flows from operating activities report Answer Operating - day to day operations Investi...

WGU C214 Financial Management questions with correct answers