Chapter 1, Problem 18E

The area of finance address the issue of the efficiency of financial market in the allocation of recourses is known as: Corporate finance; Public finance: International finance; 2. A level of revenues, expenses and profit that occurred during a given accounting period are given in: Balance sheet; Income statement; A+B 3. Sales minus cost of goods sold is: Net profit; Operating profit; Gross profit; 4. The assets defined as cash and assets that will turn into cash within a year are defined as: Current assets; Non current assets; Fixed assets: 5. The liabilities due within a year are defined as: Current liabilities; Expenses: Non current liabilities; 6. Collecting of receivables and liquidation of assets concerns: Sources of funds; Uses of funds; Revenues: 7. Uses of funds are: Increase in a liability account and increase in an asset account; Payment of dividends and decrease in asset account; Increase in an asset account and payment of dividends; 8. New bank loan can be…

Which information is reflected in the capital account of the balance of payments?  a. Purchases and sales of stocks, bonds, bank accounts, real estate, and businesses. b. Purchases and sales of dollars, foreign exchange, gold, and special drawing rights. c. Export and import of goods and services. d. Capital transfers and the cross-border acquisition and disposal of natural resources and marketing assets.

1. The area of finance address the issue of the efficiency of financial market in the allocation of recourses is known as: A) Corporate finance; B) Public finance; C) International finance; 2. A level of revenues, expenses and profit that occurred during a given accounting period are given in: A) Balance sheet; B) Income statement; C) A+B 3. Sales minus cost of goods sold is: A) Net profit; B) Operating profit; C) Gross profit; 4. The assets defined as cash and assets that will turn into cash within a year are defined as: A) Current assets; B) Non current assets; C) Fixed assets; 5. The liabilities due within a year are defined as: A) Current liabilities; B) Expenses; C) Non current liabilities; 6. Collecting of receivables and liquidation of assets concerns: A) Sources of funds; B) Uses of funds; C) Revenues: 7. Uses of funds are: A) Increase in a liability account and increase in an asset account; B) Payment of dividends and decrease in asset account; C) Increase in an asset account…