Business Finance

Profit and Loss

• Balance Sheet

• Income Statement

• Statement of Cash Flows

• Statement of Retained Earnings

Used to track the cost of inventory sold during a particular accounting period

• Gross Profit

• Operating Expense

• Cost of Goods Sold

• Net Income

Assets provide benefit to a hospitality business

• True

• False

How does gross profit vary from year to year?

• Balance Sheet

• Statement of Retained Earnings

• Income Statement

• None of the answers are correct

Money owned to the business

• Accounts Payable

• Accounts Receivable

• Liabilities

• Inventory

Comparative Analysis

• Vertical Analysis

• Cash Flow

• Accounting Analysis

• Horizontal Analysis

Analysis of a single accounting period

• Horizontal Analysis

• Cash Flow Analysis

• Vertical Analysis

• None of the answers are correct