Stratford career institute answers

Please find attached questions 4B and 4C with the material

Instructions: Select the item which best answers the question or makes the statement true. In all cases there is only one best choice. Mark the letter of that choice on the answer sheet provided. Upon completion of the exam send only the answer sheet to the school for grading. Do not wait until you complete the next examBusiness Management Student Assignment Booklet Module 4 AJE4 A-C SCI Business Management Module 4 AJE4 A-C Printed in Canada 0213 Introduction The reading material for Module Four of the Stratford Business Management Program is a text entitled Finance Demystified for Entrepreneurs by Therese Trainor. In Module Four you will be covering the following topics: • • • • • • • Basic business math The balance sheet Financial statement preparation Using the financial statements Financial analysis Preparing budgets Financing alternatives and business valuation This Student Assignment Booklet divides the reading material for Module Four into three assignments: Assignment 1: Assignment 2: Assignment 3: Pages 1 to 53, Exam 1 Pages 54 to 103, Exam 2 Pages 104 to 143, Exam 3 Each assignment is once again preceded by a list of Learning Objectives and contains instructions pertaining to the relevant exam and answer sheet. Read the objectives before you begin to study the material. Be sure to complete each assignment in the order shown and send only your completed answer sheet to the school for evaluation. Please send in each exam as you complete it, rather than saving them and sending them in batches. You will find several self-assessment exercises in the textbook. We suggest that you perform these exercises for your own benefit in reviewing the material. However, the exams in this Student Assignment Booklet are the only things you should send to the school for grading. We remind you that you may contact us with any questions or comments you may have about the material, in writing, by e-mail, or via our toll-free instructional lines. 1 2 Assignment 1 Business Management Learning Objectives After you have studied pages 1 to 53 of the reading material, you will be able to • Perform calculations related to the following basic business math elements: – addition, subtraction, multiplication, and division of positive and negative numbers – fractions – decimals – percentages – rates of change – ratios • Identify fundamental accounting principles, standards, and assumptions. • Identify assets and liabilities. • Read a balance sheet. • Use T-accounts. • Report and analyze transactions. • Use debits and credits. • Read an income statement. • Identify and classify revenues and expenses. • Determine income and equity. • Understand depreciation and amortization. When you have completed the reading and feel confident you have mastered the objectives, complete Exam 1, which begins on the next page. 3 4 Exam 1 Business Management AJE4A Instructions: Select the item which best answers the question or makes the statement true. In all cases there is only one best choice. Mark the letter of that choice on the answer sheet provided. Upon completion of the exam send only the answer sheet to the school for grading. Do not wait until you complete the next exam. 1. On a balance sheet, assets are equal to liabilities plus ________. a. b. c. d. 2. To convert a decimal to a percent, move the decimal point ________. a. b. c. d. 3. one position to the left two positions to the left one position to the right two positions to the right In the double-entry accounting system, ________. a. b. c. d. 4. debts profits equity start-up costs