This mock finance exam with answers is an important part of this finance for dummies course
Please attempt all questions in this mock finance exam – answers at the bottom of each question.
The ________ Statement is the second of the three primary financial statements; the balance sheet and cash flow statement are the other two.
Apple Inc. for example earns its revenue by selling smart phones and ipads. Microsoft earns its revenues by selling __________.
________ are the overheads in running the company for example wages to employess, buying inventory, energy bills and advertising.
If Revenues are greater than expenses the company has made an income in the form of ________. If expenses exceed revenues then the company will make a _______.
Below, I have extracted some information from four technology companies their published financial reports and summarised it below – what information can we extract from this data? Please answer the questions below:
|Income Statements (2014)|
|In Billions||Revenues||Expenses||Net Income|
In terms of revenue which is the smallest company?
In terms of revenue which is the largest company?
The main point of the income statement is that a company can increase its net assets through making income/profit. Each of these tech giants have been profitable and have increased year after year their ___ ______.
This on-line course entitled finance for dummies consists of the following lessons:
- Finance for dummies
- Finance definition
- Finance entrepreneurship
- What is Accounting
- Financial statements
- Balance Sheets
- Income statements
- Statement of Cash Flows
- Financial Ratio Analysis
- Return on equity
- DuPont framework
- Dupont analysis case study
- Comparison financial statements
- operating cycle
- cash management
- receivables and inventory
- how to price a product
- calculate break even point
- preparing a budget
- budgeting steps
- understanding income tax
- tax brackets
- Next move practice finance exam questions