2.03_FI91 H. Marketing Apps Review Question Preview (ID: 60513)


Part B. TEACHERS: click here for quick copy question ID numbers.

When a business buys buildings, vehicles, and equipment, money is flowing out of the busi-ness to acquire
a) assets.
b) products.
c) staples.
d) supplies.

To stay in business, a firm that has periods of cash shortages and cash surpluses should plan to __________ its cash flow.
a) spend
b) monitor
c) invest
d) stop

What is the last day of classes before Thanksgiving break?
a) Monday, 11/21
b) Tuesday, 11/22
c) Wednesday, 11/23
d) Thursday, 11/24

A florist expects monthly cash sales to be $5,300 and interest income to be $200. Total cost of goods will be $1,750, fixed expenses will be $2,150, and variable expenses will be $1,975. Calculate the cash flow.
a) $600
b) -$375
c) $650
d) -$325

What do businesses often need to do to continue operating if they experience negative cash flow?
a) Borrow funds
b) Purchase assets
c) Hire employees
d) Eliminate supplies

What do many businesses do with the money they have accumulated as a result of periods of positive cash flow?
a) Buy personal items
b) Spend all available cash
c) Reinvest in the business
d) Purchase excess inventory

A business had $8,250 in total cash available at the beginning of the month and paid out $4,125 in cost of goods, $950 in variable expenses, and $2,570 in fixed expenses. What is the ending cash balance?
a) $565
b) $590
c) $605
d) $650

A business began the month with a cash balance of $3,400 and had total cash receipts of $5,650 and total cash paid out of $9,350. Calculate the cash flow.
a) $350
b) -$300
c) $175
d) -$225

Calculate a business's total cash paid out based on the following information: $6,200 in fixed expenses, $2,950 in variable expenses, $15,500 in cost of goods, and $8,250 in sales.
a) $17,400
b) $24,650
c) $26,700
d) $32,900

Which of the following is one of the components of a business's cash payments:
a) Cost of goods
b) Previous month's balance
c) Total credit sales
d) Interest from loans

A business's cash flow statement for one month indicates cash sales of $10,250, credit sales of $3,750, loans received of $525, and fixed expenses of $2,800. Calculate the total cash re-ceipts.
a) $7,975
b) $9,985
c) $10,775
d) $13,575

What type of money is recorded in the cash receipts column of a cash flow statement?
a) Collected
b) Cost of goods
c) Credit
d) Expenses

A business estimates that its cash flow from sales during the coming season will be higher than for the same period last year, based on last year's financial information and
a) future earnings.
b) industry trends.
c) potential costs.
d) realistic goals.

Established businesses base their cash flow estimates on figures obtained from
a) marketing research.
b) regional competitors.
c) past financial statements.
d) national trade associations.

Which of the following probably is the most important piece of information that a cash flow statement provides:
a) Cost of maintenance
b) Beginning of tax year
c) Statistics from industry
d) Amount of money expected

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