Accounting Yay
Debit Inventory and Credit Accounts Payable
What is a purchase of an inventory item on credit?
Inventory + Accounts Receivable - Accounts Payable
What is Working Capital
Quick Ratio and Current Ratio
What does Gerry Despise?
Collateral, Credit, Capacity and Cash
What are the Four Cs of Credit
Committing Fraud
What is Jacob's Favorite Activity
This phrase completes the expression cost or market
What is whichever's lower
What is a trial balance?
This is a crime against humanity
What is the Fuel Surcharge?
Revenues Minus COGS
What is Gross Profit
What is EBITDA?
A service provided by D & B on companies' payment history
What is Corporate Credit Checking?
Ernst & Young, PriceWaterhouseCoopers, KPMG and Deloite
Who are the Big Four
An increase in this ratio means a company is tying up cash in inventory. Bad company!
What is Inventory turns or Inv, Days on Hand
A company engaged in this practice does not have sufficient capital to conduct its business successfully
What is overtrading?
Cash Provided By Operations Minus Plant and Equipment
What is Free Cash Flow
We need this reserve because some people just don't pay their bills
What is Provision for Bad Debts
This duo sings Kumbaya in two-part harmony
Who are Candie and Nicole?
Loricia dreams about this at night
What is PIHOP?
What is Gross Profit Minus Operating Expenses?