definitions
a financial statement that marks a company's financial situation at a moment in time, showing all assets, liabilities and owners’ equity.
A.) BALANCE SHEET
B.) CAPITAL
Money used to make an investment, produce a product, fund operations, and generate income.
A.) CAPITAL
B.) CHECKS AND BALANCES
A.) CAPITAL
The cost a company pays for the goods it sells; it includes the cost of the raw materials along with the direct labor and manufacturing costs used to produce the goods.
A.) EBIT
B.) GROSS PROFIT
C.) CHECKINGS
A.) EBIT
WHO WEARS THE #4 JERSEY FOR THE HOUSTON ROCKETS?
A.) CJ STROUD
B.) JAMES HARDEN
C.) JALEN GREEN
D.) LAMELO BALL
All money received from doing business, including sales revenue and other income.
A.) INTEREST EXPENSE
B.) CAPITAL
C.) INCOME
C.) INCOME
Any products that have been purchased or produced, with the intent to sell to customers, but haven’t yet been sold.
A.) EXPENSE INTEREST PRODUCT
B.) INVENTORY
C.) ESSENTIAL ITEM
B.) INVENTORY
Gross Profit minus all Expenses, also called Net Profit, and often referred to as a company's "bottom line".
A.) GROSS PROFIT
B.) SAVINGS
C.) NET INCOME
C.) NET INCOME
WHICH TWO TEAMS ARE PLAYING IN THE SUPERBOWL THIS YEAR?
A.) BILLS VS LIONS
B.) CHIEFS VS 49ERS
C.) CHIEFS VS EAGLES
D.) RAVENS VS CHIEFS
C.) CHIEFS VS EAGLES
Other expenses not directly tied to operating a business.
A.) CHECKINGS
B.) WANTS
C.) NON-OPERATING EXPENSE
C.) NON-OPERATING EXPENSE
Gross Profit minus Operating Expenses.
A.) NET PROFIT
B.) OPERATING INCOME
C.) OPERATING NET INCOME
B.) OPERATING INCOME
The incentive in a private enterprise system for people to risk capital to start a business in order to earn a profit in return.
A.) PROFIT MOTIVE
B.) NON PROFIT MOTIVE
C.) NET INCOME
A.) PROFIT MOTIVE
HOW MANY HIGH SCHOOL 5 STAR RECRUITS DID UH GET SO FAR WHO ARE GOING PLAYING NEXT YEAR FOR BASKETBALL ?
A.) 2
B.) FAV 5
C.) 3
C.) 3
An estimate/projection of future revenues, expenses, net income, and capital needed to fund the company’s operations.
A.) NET INCOME
B.) REFORMA
C.) PROFORMA
C.) PROFORMA
Total sales for a company over a certain period of time, also called the "top line", measured by the total items sold multiplied by the amount the items sold for.
A.) SALES
B.) REVENUE
C.) VALUE OF WEALTH
B.) REVENUE
Money spent to pay for borrowed money - interest payable on loans, bonds, lines of credit; it is calculated as the interest rate times the outstanding principal amount of the debt
A.) BORROWING INTEREST
B.) INTEREST EXPENSE
C.) LOAN EXPENSE
B.) INTEREST EXPENSE
WHAT JERSEY NUMBERS DID KOBE BRYANT WEAR DURING HIS TIME IN THE NBA?
A.) 2 AND 23
B.) 8 AND 23
C.) 8 AND 24
D.) 6 AND 21
C.) 8 AND 24
The financial gain earned when the revenue generated from a business exceeds all the expenses associated with achieving that revenue, over a certain time period.
A.) WEALTH FACTO
B.) PROFIT
C.) NET PROFIT
B.) PROFIT
Revenue is the total sales for a company over a certain period of time, and is also often referred to as the _______________.
A.) BOTTOM LINE
B.) GROSS PROFIT
C.) TOP LINE
C.) TOP LINE
How is Gross Profit calculated?
REVENUE MINUS COST OF GOODS SOLD
WHAT TEAM DID LUKA DONCIC GET TRADED TO THIS PAST WEEKEND, CALLED THE STUPIDEST TRADE OF ALL TIME BY THE DALLAS MAVERICKS?