SANTA CLARITA INTERNATIONAL SCHOOL INC.

Puerto Real de Iloilo, La Paz, Iloilo City

Business Finance
FINAL Examination

Name: _____________________ Grade Level: _______ Score: ____

I. True or False
Direction: Read each statement carefully. Write T if the statement is true and F if it is not on the space provided before
each number.

______1. Forecast sales is the first step in projecting financial statement.

______2. EFN stands for external financing needed.
______3. If the EFN is positive, this means that there will be additional financing.
______4. Working capital refers to the current liabilities used in operations of the business.
______5. Long-term sources of financing include long-term debt and equity such as common stocks and preferred stocks.
______6. Based on the Aggressive Working Capital Financing Policy, some of the permanent working capital requirements
are financed by short-term sources of financing.
______7. Long-term sources include short-term loans from a bank.
______8. If the EFN is negative, there will be excess cash.
______9. The first step in planning is to set goals or objectives.
_____10. To be effective, controlling must include a reward system and a penalty.

III. Enumeration
Direction: Supply what are being asked.

A. Resources needed in the B. Goals of the company can be

process of planning: divided to these three terms:

1. 1.

2. 2.

3. 3.
 IV. Computation
Direction: Given the different accounts in Financial Statement, solve for the following: (3 points each)

Accounts 2018
Cash 3 062 527
Accounts Receivable 4 300 500
Inventories 6 849 304
Other Current Assets 3 050 000
Accounts Payable 7 050 810
Net Sales 54 501 085

Projected Net Sales in 2019: 59 751 194

1. Cash
a. Cash as Percentage of Sales in 2018
b. Projected Cash in 2019
2. Accounts Receivable
a. Accounts Receivable as a Percentage of Sales in 2018
b. Projected Accounts Receivable in 2019
3. Inventories
a. Inventories as a Percentage of Sales in 2018
b. Projected Inventories in 2019
4. Other Current Assets
a. Other Current Assets as a Percentage of Sales in 2018
b. Projected Other Current Assets in 2019
5. Accounts Payable
a. Accounts Payable as a Percentage of Sales in 2018
b. Projected Accounts Payable in 2019

~END~
God bless!

Prepared by: Checked by: Approved by:

JONA M. GEACANIGA JULIE S. GAVIN MARILOU P. NEDULA

Mathematics Teacher Middle School Coordinator School Principal