Quiz on Business Finance 30 points

Thrift Banks,Commercial Banks & Universal Banks

It is the process of deciding how an organization can accomplish its financial goals and objectives.

It is an estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals.

It displays the expected cash receipts and disbursements for an accounting period.

It provides the estimated amount of money based on the volume of products that a company proposes to sell in the future.

It provides information with respect to the number of units that should be produced over a given accounting period based on expected sales and targeted level of ending inventories

It is made to estimate how much their revenue and expenses would be within a year.

It is most important statement account in forecasting the financial statements.

In forecasting this budget, theInternal and External Factor must be considered.

It is the difference between current assets and current liabilities

Current assets like cash, accounts receivable, inventories, and prepaid expenses used in the operations of the business

It is payable in more than a year, such as loan from a bank and equity.

It is payable in a year or less

The borrower’s security pledge for the loan payment.

The borrower’s ability to pay the loan.