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Business Concept
Microsoft
Function
Financial Statements
Ratio
100
an accounting system reflect only information about economics events that pertain to a particular entity.
What is business entity?
100
the time spent that improves the outcome of a process.
What is Value added time?
100
working with the rest of the management team to ensure that resources are efficiently and effectively acquired, maintained, and deployed in the best interests of all of the organization’s stakeholders, sustains the finance function’s essential role in the business equation.
What is Finance Function?
100
a formal record of the financial activities and position of a business, person, or other entity.
What is Financial Statements?
100
mainly used to give an idea of the company's ability to pay back its liabilities (debt and accounts payable) with its assets (cash, marketable securities, inventory, accounts receivable).
What is current ratio?
200
a basic underlying assumption in accounting. The assumption is that a company o will be able to continue operating for a period of time.
What is Going Concern
200
A service company is a business that generates income by providing services instead of selling physical products.
What is service business
200
oversees the people assets that push and pull an organization toward its goals and objectives.
What is Human Resource Function
200
the excess of revenues over expenses. This measurement is one of the key indicators of company profitability, along with gross margin and before-tax income.
What is Net-Income?
200
company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.
What is Gross Margin Ratio?
300
assumption is that accountants report assets as dollar amounts, rather than reporting in detail all of the specific assets. If an asset cannot be expressed as a dollar amount, it cannot be entered in the general ledger.
What is Monetary Unit
300
business that purchases inventory and resells it to customers for a profit.
What is merchandiser?
300
is vital to the long-term viability of any business organization.
What is Marketing function?
300
Total amount of money in a financial account, calculated by adding all deposits to the initial deposit and deducting all disbursements or payments made.
What is Net Cash Balance?
300
It is a metric used to measure performance of departments in relative terms.
What is Return on investments?
400
the indefinite life of an enterprise is subdivided into time periods (accounting periods) which are usually of equal length for the purpose of preparing financial reports on financial position, performance and cash flows.
What is periodicity
400
deals with inventory valuation and the cost of goods sold.
What is manufacturer?
400
relates physical output of a production process to physical inputs or factors of production.
What is production function?
400
a transactional deposit account held at a financial institution that allows for withdrawals and deposits.
What is checking account?
400
is the amount of net income returned as a percentage of shareholders equity.
What is return on owner's equity?
500
the risk of loss by a person or entity that has extended credit to another party.
What is credit risk?
500
grouping strategies often employ several organizational patterns for instruction.
What is Flexible strategy?
500
also known as acid test ratio.
What does Quick Ratio measure?
500
management approach that is the exact opposite of flexibility.
What is Rigid strategy?
500
It is a financial ratio used to gauge a company's liquidity.
What is Quick Ratio?