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Questions and Answers
The ability to continue existing as a going concern despite the ups-and-downs in an economy refers to its ______.
The ability to continue existing as a going concern despite the ups-and-downs in an economy refers to its ______.
stability
The amount of long-term capital that is made to revolve in conducting operations is known as ______.
The amount of long-term capital that is made to revolve in conducting operations is known as ______.
working capital
Cash management, procurement of funds, and investor relations are functions typically overseen by the ______.
Cash management, procurement of funds, and investor relations are functions typically overseen by the ______.
vice president for finance
The individual who takes care of the internal finance function within a company is termed the ______.
The individual who takes care of the internal finance function within a company is termed the ______.
The number of years or length of period it takes to recover an investment in a given project is known as the ______.
The number of years or length of period it takes to recover an investment in a given project is known as the ______.
The distribution of corporate earnings to stockholders is referred to as ______.
The distribution of corporate earnings to stockholders is referred to as ______.
An increase in the fair value of the net assets of an economic entity is referred to as ______.
An increase in the fair value of the net assets of an economic entity is referred to as ______.
The length of period or number of years during which benefits may be derived from a given project is known as its ______.
The length of period or number of years during which benefits may be derived from a given project is known as its ______.
The account title referring to accumulated corporate earnings that have not been distributed as dividends is ______.
The account title referring to accumulated corporate earnings that have not been distributed as dividends is ______.
The potential of incurring financial loss is commonly referred to as ______.
The potential of incurring financial loss is commonly referred to as ______.
Flashcards
Stability
Stability
The ability to continue operating despite economic fluctuations.
Working Capital
Working Capital
The amount of long-term capital reinvested in operations.
Vice President for Finance
Vice President for Finance
Oversees cash management, funding and investor relations.
Controller
Controller
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Payback Period
Payback Period
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Dividends
Dividends
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Growth
Growth
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Economic Life
Economic Life
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Retained Earnings
Retained Earnings
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Earnings Per Share
Earnings Per Share
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Study Notes
- Stability is the ability to continue as a going concern despite economic fluctuations.
- Working capital refers to the amount of long-term capital revolving in business operations.
- The treasurer's functions include cash management, fund procurement, and investor relations.
- A controller manages the internal finance functions.
- Payback period is the time it takes to recover an investment in a project.
- Dividends are the distribution of corporate earnings to stockholders.
- Growth refers to the increase in the fair value of an economic entity's net assets.
- Economic life is the period during which benefits can be derived from a project.
- Owner’s equity represents the margin of safety to creditors.
- Retained earnings is the account title for accumulated corporate earnings.
- Earnings per share is the net income a corporation realizes for each outstanding share of capital stock.
- Risk is the chance of incurring financial loss.
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