Grade 12 Challenge

Ability of the firm to earn profit

• Liquidity

• Probability

• Stability

• Efficiency

Refers to the proper utilization of the firm's assets relative, its revenue and profit

• Efficiency

• Probability

• Stability

• Liquidity

It represents the quantitative summary of a firm's operations and activities

• Financial Management

• BalanceSheet

• Financial Statements

• Income Statement

Provides information on the company's assets

• Balance Sheet

• Cashflow Statement

• Ratio Analysis

• Income Statement

A kind of costs that remain constant regardless of the number of items produced

• Variable Costs

• Fixed Costs

Huge business owners, maintaining adequate cashflow level is a problem

• True

• False

What do you call the amount invested by the owner?

• Assets

• Liabilities

• Owner's Equity

Income Statement measures all the revenue sources and expenses for a given period.

• True

• False

The best way to interpret the company's financial staements is through _____ ________.

(a)  

If your'e going to open a small business, what it would be and why?