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Cash is as important as profit in a company because: Managing cash improves profitability Cash is...

  1. Cash is as important as profit in a company because:
  1. Managing cash improves profitability
  2. Cash is one of the key measures on the income statement
  3. Cash is what keeps a company running from day to day
  4. Cash is a measure of shareholder value
  1. A company has more cash today when:
  1. Customers pay their bills sooner
  2. When accounts receivable increases
  3. Profit increases
  4. Retained earnings increases

  1. The fundamental accounting equation that is used for the balance sheet is:
  1. Owners equty=cash and cash equivelents+liabilities
  2. Assets=liabilities + equity
  3. Profit=revenue+operating expenses
  4. Assets=cash and cash equivalents + property, plant & equipment
  1. Cash and profit are different because:
  1. Revenue is a promise to pay
  2. Expenses are not necessarily the bills that were paid in that month
  3. Cash can be used to pay for things that don’t show up on the income statement
  4. All of the above
  5. None of the above

  1. The following items are typically included in the operations section of the cash flow statement:
  1. Changes in accounts receivable and inventory
  2. Changes in investments, property, plant, and equipment
  3. Changes in loans
  4. Changes in the dividend
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Answer #1
  1. Cash is as important as profit in a company because: Cash is what keeps a company running from day to day
  2. A company has more cash today when: Customers pay their bills sooner
  3. The fundamental accounting equation that is used for the balance sheet is: Assets=liabilities + equity
  4. Cash and profit are different because: Revenue is a promise to pay
  5. The following items are typically included in the operations section of the cash flow statement: Changes in accounts receivable and inventory
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