ABA CTFA Practice Test - Questions Answers, Page 7
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It is actually a method of preparing financial statements in which only transactions involving actual cash outlays are recorded.
An excess amount of expense over income resulting in insufficient funds as well as in decreased net value is called:
Total liquid assets divided by total current debts; measures the ability to pay current debts. It is:
Total net worth divided by total assets; measures the degree of exposure to insolvency is:
Cash surplus divided by net income (after tax); indicates relative amount of cash surplus achieved during a given period is:
Total monthly loan payments divided by monthly gross (before-tax) income; provides a measure of the ability to pay debts promptly is:
A cash budget is the valuable money management tool that helps you EXCEPT:
Budget control schedule is:
'Shareholder wealth' in a firm is represented by:
The long-run objective of financial management is to:
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