1a. Which of the following is the responsibility of a finance? manager?
A. processing purchase orders and invoices
B. preparing the monthly income statement
C. ensuring accounts payable are paid on time
D. analyzing the capital needs of the firm
1b. Which of the following is true of? benchmarking?
A. It is an analysis in which a? firm's financial performance over time is evaluated using financial ratio analysis.
B. It is an analysis in which a? firm's ratio values are compared with those of a key competitor or with a group of competitors that it wishes to emulate.
C.It is a financial statement analysis technique which combines crossminus-sectional and timeminus-series analyses.
D. It is an analysis in which a? firm's ratio values are analyzed to project the fundamental values of the assets for upcoming years or business cycle.
1c. Which of the following is used to analyze a? firm's financial performance over different? years?
A.breakminus-even analysis
B. marginal analysis
C. gap analysis
D. timeminus-series analysis
1d.?________ is one of the primary responsibilities of a financial manager.
A. Analyzing budget and performance reports
B. Determining the audit policy
C. Preparing income statements
D. Monitoring quarterly tax payments
1e. A financial manager is interested in the cash inflows and outflows of a? firm, rather than the accounting? data, in order to? ________.
A. ensure timely payment of taxes
B. maintain an optimum solvency level
C. ensure profitability
D. maintain healthy public relations
1f. The primary purpose in preparing a cash budget is? ________.
A. to evaluate the intrinsic value of a financial assets
B. for risk analysis
C. to estimate a? firm's shortminus-term cash requirements
D. to estimate sales
1g. Pro forma financial statements are used for? ________.
A. profit planning
B. preparing financial statements
C. auditing
D. cash budgeting