Organizations and Movies
Individual Enterprise.
What is Sole Proprietorship?
Asset accounts are listed in order of convertibility to cash, also known as:
What is Liquidity?
Net Income/ Sales
What is Profit Margin?
Alliance of at least two people.
What is Partnerships?
Represents an attempt to allocate the initial cost of an asset over its useful life.
What is Depreciation?
Sales/inventory
What is Inventory Turnover?
Lean Legal Companionship.
What is Limited Liability Company (LLC)?
What Financial Sheet has is the most BS?
What is the Balance Sheet?
Current Assets/ Current Liabilities
What is Current Ratio?
Like Balloons, prices have been increasing do to this:
What is inflation?
The three main sources of capital are Bondholders, _________ _________, and Common Stockholders.
What is Preferred Stockholders?
Total Debt/ Total Assets
Beginning in 2018, one of the major changes is the reduction of the corporate tax rate from as high as 35 percent to a flat rate of _______ percent.
What is 21?
There are 13 different ratios in the book, each one placed into the four primary categories.
What are Profitability, Asset Utilization, Liquidity, and Debt Utilization Ratios?