Chapter 14 financial statements

Descrição

1 Business Introduction Quiz sobre Chapter 14 financial statements , criado por Rigo Sanchez em 29-11-2015.
Rigo Sanchez
Quiz por Rigo Sanchez, atualizado more than 1 year ago
Rigo Sanchez
Criado por Rigo Sanchez quase 9 anos atrás
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Resumo de Recurso

Questão 1

Questão
the recording, measurement, and interpretation of financial information
Responda
  • accounting
  • cash flow
  • budget
  • assets

Questão 2

Questão
an individual who has state certified to provide accounting services ranging form the preparation of financial records and the filling of tax returns to complex audits of corporate financial records
Responda
  • certified public accountant
  • private accountants
  • accounting
  • cash flow

Questão 3

Questão
accountants employed be large corporations, government agencies and other organizations to prepare and analyze their financial statements
Responda
  • private accountants
  • certified public accountants
  • accounting
  • cash flow

Questão 4

Questão
private accountants who, after rigorous examination, are certified by the national association of accountants and who have some managerial responsibility
Responda
  • certified management accountants
  • private accountants
  • accounting
  • cash flow

Questão 5

Questão
the internal use of accounting statements by mangers in planning and directing the organizations activities
Responda
  • managerial accounting
  • cash flow
  • budget
  • accounting

Questão 6

Questão
the movement of money through an organization over a daily, weekly, monthly, or yearly basis
Responda
  • cash flow
  • accounting
  • budget
  • managerial accounting

Questão 7

Questão
an internal financial plan that forecasts expenses and income over a set period of time
Responda
  • budget
  • cash flow
  • managerial accounting
  • accounting

Questão 8

Questão
summary of firms financial information, products, and growth plans for owners and potential investors
Responda
  • annual report
  • cash flow
  • budget
  • accounting

Questão 9

Questão
a firms economic resources or items of value that it owns, such as cash, inventory, land, equipment, buildings, and other tangible, and intangible things
Responda
  • assets
  • liabilities
  • owners equity
  • budget

Questão 10

Questão
debts that a firm news to others
Responda
  • liabilities
  • owners equity
  • assets
  • cash flow

Questão 11

Questão
all the money that has ever been contributed to the company that never has to be paid back
Responda
  • owners equity
  • liabilities
  • assets
  • cash flow

Questão 12

Questão
assets equal liabilities plus owners equity
Responda
  • accounting equation
  • cash flow
  • accounting
  • budget

Questão 13

Questão
a system of recording and classifying business transactions in separate accounts to maintain the balance of the accounting equations
Responda
  • double-entry equation
  • accounting cycle
  • accounting equation
  • ledger

Questão 14

Questão
the four step procedure of an accounting system, examining source documents, recording, transactions in an accounting journal, posting
Responda
  • accounting cycle
  • journal
  • ledger
  • accounting equation

Questão 15

Questão
a time ordered list of account transactions
Responda
  • journal
  • ledger
  • accounting
  • cash flow

Questão 16

Questão
a book or computer program with separate files for each account
Responda
  • ledger
  • journal
  • accounting equation
  • cash flow

Questão 17

Questão
a financial report that shows an organization's probability over a period of time- month, quarter, or year
Responda
  • income statement
  • cash flow
  • ledger
  • budget

Questão 18

Questão
the total amount of money received from the state of goods or services as well as from related business activities
Responda
  • revenue
  • cost of goods
  • gross income
  • cash flow

Questão 19

Questão
the amount of money a firm spent to buy or produce the products it sold during the period to which the income statement applies
Responda
  • cost of goods sold
  • gross income
  • revenue
  • income statement

Questão 20

Questão
revenues minus the cost of goods sold required to generate the revenues
Responda
  • gross income
  • subtotal
  • revenue
  • cash flow

Questão 21

Questão
the costs incurred in the day-to-day operations of an organization
Responda
  • expenses
  • gross income
  • costs of good sold
  • revenue

Questão 22

Questão
the total profit after all expenses, including taxes, have been deducted from revenue, also called net earnings
Responda
  • net income
  • gross income
  • sub total
  • income statement

Questão 23

Questão
the process of spreading the costs of long-lived assets such as buildings and equipment over the total number of accounts periods in which they are expected to be used
Responda
  • depreciation
  • net income
  • owner equity
  • liabilities

Questão 24

Questão
a snapshot of an organizations financial position at a given moment
Responda
  • balance sheet
  • retaining earning
  • income statement
  • accounts receivable

Questão 25

Questão
assets that are used or converted into cash within the course of a calendar year
Responda
  • current assets
  • accounts receivable
  • balance sheet
  • income statement

Questão 26

Questão
money owed a company by its clients or customers who have promised to pay for the products at a later date
Responda
  • account receivable
  • current assets
  • balance sheet
  • income statement

Questão 27

Questão
a firms financial obligations to short term creditors, which must be repaid within one year
Responda
  • current liabilities
  • accounts payable
  • accrued expenses
  • retaining earnings

Questão 28

Questão
the amount a company owes to suppliers for goods and services purchased with credit
Responda
  • accounts payable
  • accounts receivable
  • current liabilities
  • total assets

Questão 29

Questão
an account representing all unpaid financial obligations incurred by the organization
Responda
  • accrued expenses
  • accounts payable
  • current liabilities
  • income statements

Questão 30

Questão
explains how the company's cash changed from the beginning of the accounting period to the end
Responda
  • statement of cash flows
  • income statements
  • balance sheet
  • retaining earnings

Questão 31

Questão
calculations that measure an organization's financial health
Responda
  • ratio analysis
  • income statement
  • balance sheet
  • statement of cash flow

Questão 32

Questão
ratios that measure the amount of operating income or net income an organization is able to generate relative to its assets, owner's equity, and sales
Responda
  • probability ratios
  • profit margins
  • return on assets
  • return on equity

Questão 33

Questão
net income divided by sales
Responda
  • profit margins
  • return on assets
  • return on equity
  • probability ratios

Questão 34

Questão
net income divided by assets
Responda
  • return on assets
  • profit margin
  • return on equity
  • probability ratios

Questão 35

Questão
net income divided by owners equity; also called return on investment
Responda
  • return on equity
  • return on assets
  • profit margin
  • probability ratios

Questão 36

Questão
ratios that measure how well a firm uses its assets to generate each $1 of sales
Responda
  • asset utilization ratios
  • receivables tune over
  • inventory turnover
  • total asst turnover

Questão 37

Questão
sale divided by accounts receivable
Responda
  • receivable turnover
  • inventory turnover
  • total asset turnover
  • liquidity ratios

Questão 38

Questão
sales divided by total inventory
Responda
  • inventory turnover
  • receivable turnover
  • total assets turnover
  • liquidity ratios

Questão 39

Questão
sales divided by total assets
Responda
  • total asset turnover
  • liquidity ratios
  • inventory turnover
  • recevable turnover

Questão 40

Questão
ratios that measure the speed with which a company can turn its assets into cash to meet shot-term debt
Responda
  • liquidity ratios
  • inventory turnover
  • receivables turnover
  • current ratios

Questão 41

Questão
current assets divided by current liabilities
Responda
  • current ratios
  • liquidity ratio
  • receivable turnover
  • inventory ratios

Questão 42

Questão
a stringent measure of liquidity that eliminates inventory
Responda
  • quick ratio (acid test)
  • current ratio
  • liquidity ratio
  • debt utilization ratios

Questão 43

Questão
ratios that measure how much debt an organization is using relative to there sources of capital, such as owners equity
Responda
  • debt utilization's ratios
  • current ratios
  • quick ratio (acid test)
  • liquidity ratio

Questão 44

Questão
a ratio indicating how much of the firm is financed by debt and how much by owners equity
Responda
  • debt to total assets ratio
  • current ratios
  • quick ratio (acid test)
  • liquidity ratio

Questão 45

Questão
operating income divided by interest expense
Responda
  • times interest earned ratio
  • current ratio
  • liquidity ratio
  • quick ratio (acid test)

Questão 46

Questão
data used by the investors to compare the performance of one company with another on an equal, per-share basis
Responda
  • per share data
  • times interest earned ratio
  • current ratio
  • quick ratio (acid test)

Questão 47

Questão
net income or profit divided by the number of stock shares outstanding
Responda
  • earnings per share
  • dividends per share
  • per share data
  • current ratios

Questão 48

Questão
paid by the corporation to the stockholders for each share owned
Responda
  • dividends per share
  • earnings per share
  • per share data
  • time interest earned ratio

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