Accounting - Interpretation Formulae

Accounting - Interpretation Formulae

11th - 12th Grade

10 Qs

quiz-placeholder

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Accounting - Interpretation Formulae

Accounting - Interpretation Formulae

Assessment

Quiz

Life Skills

11th - 12th Grade

Practice Problem

Medium

Created by

Sarah Percy

Used 2+ times

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10 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

 Mark Up % = Cost of Goods Sold ×100Mark\ Up\ \%\ =\ \frac{ }{Cost\ of\ Goods\ Sold}\ \times100  

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Distribution cost % =  Distribution expenses×100\frac{Distribution\ \exp enses}{ }\times100   

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Profit for the year % =  Profit for the year ×100\frac{\Pr ofit\ for\ the\ year\ }{ }\times100  

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Current ratio =  \frac{ }{current\ liabilities}\times100  

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

___________________ =  \frac{owner's\ equity}{total\ assets}  

6.

OPEN ENDED QUESTION

3 mins • 1 pt

The administration expense for a business is 32%. Give a quick interpretation for this business

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

The liquid ratio for a business is 0.57:1. Give a quick interpretation of what this means for the business.

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