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WGU D076 OBJECTIVE ASSESSMENT FINAL EXAM 2 LATEST VERSIONS (VERSION A AND B) ACTUAL EXAM COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
- Accounting
- THE CORRECT ANSWER is: The system of recording,
reporting, and summarizing past financial information and
transactions
2. Accounts Receivable Turnover (AR Turnover)
- THE CORRECT ANSWER is: An activity ratio found by
credit sales divided by accounts receivable. credit sales/accounts
receivable
3. Activity Ratios
- THE CORRECT ANSWER is: A category of ratios that
measure how well a company uses its assets to generate sales or
cash, showing the firm's operational efficiency and profitability.
4. Additional Funds Needed (AFN)
- THE CORRECT ANSWER is: Another name for the
discretionary financing needed or external financing needed. It
2 | P a g e
represents the additional financing needed given a firm's
expectations for future growth.
5. Affirmative Covenants
- THE CORRECT ANSWER is: A bond covenant that
describes things the company pledges itself to do in order to
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