Business Finance 3

Comparative Analysis

• Vertical Analysis

• Horizontal Analysis

• Common Size Analysis

• None of the answers are correct

This Year ($100) - Last Year ($25). What is the percentage variance this year over last year?

• 100%

• 30%

• 50%

• 300%

Accounts Receivables

• Current Liability

• Fixed Asset

• Cost of Sales

• Current Asset

Money owed to a linen supplier

• Account Receivable

• Current Asset

• Note Payable

• Account Payable

Direct costs for doing business

• Cost of Good Sold

• Rent Expense

• Account Payable

• Mortgage Payable

Future events that will have an impact (material) on the business must be disclosed/shared

• Cost Principle

• Objectivity Principle

• Full Disclosure Principle

• Going Concern Principle

Business transactions are verified with an invoice

• Objectivity Principle

• Going Concern Principle

• Full Disclosure Principle

• Cost Principle