ENT3273 - 1/2 way through course flashcard

Front

Calculate the current ratio given current assets of $50,000 and current liabilities of $40,000.

Back

1.25

explanation:

1.25 = ( 50000 / 40000 )

Front

Determine the net profit margin from a net profit of $15,000 and revenues of $100,000.

Back

0.15

explanation:

0.15 = ( 15000 / 100000 )

Front

Find the break-even point in units if the selling price per unit is $20, variable cost per unit is $12, and total fixed costs are $10,000.

Back

1250

explanation:

1250 = ( 10000 / [ 20 - 12 ] )

Front

Calculate the gross profit if sales are $200,000 and the cost of goods sold is $120,000.

Back

80000

explanation:

80000 = ( 200000 - 120000 )

Front

Determine the burn rate if a company's monthly expenses are $10,000 and it has no revenues.

Back

10000

explanation:

10000 = ( 10000 - 0 )

Front

Calculate the runway in months for a startup with $120,000 in cash and a monthly burn rate of $10,000.

Back

12

explanation:

12 = ( 120000 / 10000 )

Front

If a company's total assets are $200,000 and its total liabilities are $120,000, what is its equity?

Back

80000

explanation:

80000 = ( 200000 - 120000 )

Front

Which statement shows a company's financial position at a specific point in time?

Back

Balance Sheet

Front

Which of the following is considered a non-operating income?

Options are:

Rental Income

COGS

Interest Expense

Internet Expense

Back

Rental Income

Front

Retained earnings are:

Back

Reinvested in the company's operations