an entity that is formed and administered as per commercial law in order to engage in business activities, charitable work, or other activities allowable
What is business entity?
100
A company that sells products are
What is a merchandiser?
100
The function that manages the money
What is finance function
100
Current assets
_____________
Current liabilites
What is current ratio
100
what statement has the summary of your cash uses
What is statement of cash flows
200
An assumption that a company or other entity will be able to continue operating for a period of time that is sufficient to carry out its commitments, obligations, objectives, and so on.
What is going concern
200
A company that provides a service
What is a service business?
200
The function that manages the employees
What is human resource function
200
(Revenue – Cost of goods sold) / Revenue
What is gross margin ratio
200
Which financial statement has your net income
What is income statement
300
a standard unit of value of a country's coinage.
What is monetary unit
300
protects a business's assets
What is internal control
300
The function that manages the advertising and market distribution
What is marketing function
300
gross income-investment
____________________ x 100
investment
What is return on investment equation
300
the financial statement that has assets, owners equity liabilites ...
What is the balance sheet
400
The time period assumption
What is periodicity?
400
A report that says if your companies accounting is truthful
What is report of the independent auditors
400
The function that takes care of product related activities
What is production funcition
400
Net Income/Shareholder's Equity
What is return on owners equity
400
shows the changes in owners’ equity for the period including the changes to retained earnings
What is statement of owners equity
500
Companies that make a product are
What is a manufacturer?
500
What income statement can you find assets, liabilities and owners equity
What is balance sheet
500
Which function would hire new employees?
What is human resource function
500
assets-inventory-prepaid expenses
____________________________
current liabilities
What is quick ratio
500
shows the cash inflows and outflows from operating, investing, and financing activities for the period that when added to (deducted from) the beginning balance of cash result in the ending balance of cash