Accounting
These companies try to minimize profits to avoid paying taxes
What is a privately held company?
What is whatever's lower
Trying to operate your business with too little capital is...
What is overtrading
EBITDA
What is Earnings Before Interest Taxes Depreciation and Amortization?
Gross margin is going up
What is Happy?
Debit - Depreciation Expense
Credit - Accumulated Depreciation
What is the accounting transaction for depreciating an asset?
Assets, Expenses
What are debit accounts
What is West Marine supplier on time performance
gross profit divided by sales expressed as a percentage
What is gross margin
Inventory days on hand is going up
What is sad?
Conservatism
Cost or Market Whichever is Lower
Revenues and Expenses must match the period in which they occur
What are standard accounting principles
FCF
What is free cash flow
True or False - the provision for bad debts is designed to allow the company to sell to high credit risks
What is False?
Credit Cash
What is purchasing and receiving an item into inventory and paying cash?
A/R DOH is going up
What is sad?
Sales minus cost of goods sold
What is gross profit
Account Payable are going up
What is happy?