BEA _Oct16

When Expenses are greater than Revenue a company has _______?

• NET LOSS

• NET PROFIT

• Shareholders Equity

• Liabilities

Financial Statements are ?

• Reports by consultants who are hired to analyze operations

• Report that states who is responsible for the business

• Documents that tell us how a business is performing

• Documents that disclose who the shareholders of the corporation are

All of the following Accounts would be considered Assets except for _____

• Cash

• Inventory

• Equipment

• Common Shares

The most Liquid Asset a company has is ___?

• Inventory

• Cash

• Accounts Receivable

• Human Capital

A ratio that compares an investors and creditors stake in the company is called

• Debt ratio

• Debt to Equity ratio

• Equity Ratio

• Profit Margin Ratio

Net Working Capital is a Measure of a Company's ability to ___

• Finance Long Term Debt

• Reduce Expenditures

• Pay its short term debt obligations

• Increase Revenue

Assets - Liabilities = _____?

• Net Income

• Owners Equity

• Net Sales

• Cash Flow

An Income Statement includes which of the Following

• Inventory & Cash

• Liquidity and Current Assets

• Assets, Liabilities and Owners Equity

• Expenses, Revenue, Net Income, Net Loss

Time Value of Money indicates that

• Money obtained today is worth more than a unit of money obtained in the Future

• Money obtained today is worth less than a unit of money obtained in the future

• There is no difference in the value of money obtained today and tomorrow

• Money increases in value over time if stored in a safety deposit box.

The formula to calculate Return on Assets is

• Net Income divided by Sales

• Units x Price

• Net Income divided by Liabilities

• Net Income divided by Assets