C214 wgu Study guides, Class notes & Summaries

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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...

2024 WGU C214 Financial Management Exam New Latest Version with All Questions and 100% Correct Answers

WGU C214 OA Financial Management Retake Exam Questions and Answers (2022/2023) (Verified Answers)

Trading on the NYSE is executed without a specialist (i.e. a market maker). (T/F) - F Stocks and bonds are two types of financial instruments (T/F) - T The matching principle in accrual accounting requires that: a. Revenues be recognized when the earnings process is complete and matches expenses to revenues recognized. b. Expenses are matched to the year in which they are incurred c. Revenues are matched to the year in which they are booked d. Revenues should be large enough to match expe...

C214 WGU Financial Management 2024 Exam New Latest Versions with All Questions from Actual Past Exams and 100% Correct Answers

Discretionary Financing Needed Formula Answer Discretionary Financing Needed (DFN) = Projected Total Asset - Projected Total Liabilities - Projected Equity Sustainable Growth Rate Formula Answer Sustainable Growth Rate (SGR) = Return on Equity (ROE) X (1-Divided Payout Ratio) Cash Flow from Operating Activities (CFO) Formula Answer Cash Flow from Operating Activities (CFO) = Net Income + Depreciation +/- Decreases/Increases in Current Assets +/- Increase/Decrease in Current Liabilities ...