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WGU D076 OBJECTIVE ASSESSMENT FINAL
EXAM 2 LATEST VERSIONS (VERSION A AND B)
ACTUAL EXAM COMPLETE 300 QUESTIONS
AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
- Accounting
- THE CORRECT ANSWER is: The system of recording,
reporting, and summarizing past financial information and transactions
- Accounts Receivable Turnover (AR Turnover)
- THE CORRECT ANSWER is: An activity ratio found by
credit sales divided by accounts receivable. credit sales/accounts receivable
- Activity Ratios
- THE CORRECT ANSWER is: A category of ratios that
measure how well a company uses its assets to generate sales or cash, showing the firm's operational efficiency and profitability.
- Additional Funds Needed (AFN)
- THE CORRECT ANSWER is: Another name for the
discretionary financing needed or external financing needed. It
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represents the additional financing needed given a firm's expectations for future growth.
- Affirmative Covenants
- THE CORRECT ANSWER is: A bond covenant that
describes things the company pledges itself to do in order to protect bondholders.
- Agency Costs
- THE CORRECT ANSWER is: Costs that are incurred when
management does not act in the best interest of shareholders
- Agency Problem
- THE CORRECT ANSWER is: When the agent (the
management) does not act in the best interest of the principal (the owners)
- Aggressive Assets
- THE CORRECT ANSWER is: Companies or securities
with beta greater than 1.
- Annual Percentage Rate (APR)
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- THE CORRECT ANSWER is: The annual interest rate that
is charged for borrowing money or that is earned through investment.
- Annuity
- THE CORRECT ANSWER is: A stream of cash flows of
an equal amount paid every consecutive period.
- Annuity Due
- THE CORRECT ANSWER is: A series of equal payments
made at the beginning of consecutive periods.
- Asset pricing
- THE CORRECT ANSWER is: The process of valuing
assets.
- Auction Market
- THE CORRECT ANSWER is: A secondary market with a
physical location and where prices are determined by investors' willingness to pay
- Average Collection Period (ACP)
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- THE CORRECT ANSWER is: an activity ratio found by
the number of days in a Year (365) divided by AR turnover.365/AR turnover
- Balance Sheet Forecasting
- THE CORRECT ANSWER is: Using sales growth and the
profit forecast to construct a pro forma balance sheet to understand the future implications of the sources and uses of finances.
- Banks and Credit Unions
- THE CORRECT ANSWER is: Receive deposits and extend
loans to individuals and businesses.
- Benchmarking
- THE CORRECT ANSWER is: The process of completing a
financial analysis to compare a firm's financial performance to that of other similar firms.
- Beta
- THE CORRECT ANSWER is: A variable that describes
how the price of a security varies with the market.
- Bid-ask Spread