BA 101 TEST QUESTIONS AND ANSWERS LATEST UPDATE
accounts payable
bills the company owes to others for merchandise or services purchased on credit but
not yet paid for.
total equity/number of shares
book value
current assets/current liabilities
current ratio
total debt/total assets
debt to total asset ratio
total assets/total owners' equity
leverage
line of credit
the maximum amount of money a creditor will allow a credit user to borrow
principal
Amount borrowed when getting a loan or issuing a bond.
(current assets-inventory)/current liabilities
quick or acid ratio
Current Assets - Current Liabilities
working capital
working capital cycle (cash flow cycle)
the time between the payments of what a business owes (payables) and the collection
of what a business is owed (receivables)
net income/sales
ROS
net income/Total assets
ROA
net income/total equity
ROE
net income/number of outstanding shares
EPS
total sales/total assets
asset turnover (turnover)
liabilities+owners' equity
assets
net income/number of shares
EPS
total assets/total owner's equity
leverage
sales
revenue
profit
net income-net loss
look at the company with the highest contribution margin
, company with the smallest unit cost as a percentage of sales?
current assets/current liabilities
current ratio
unit of account, medium of exchange, store of value
what is money
as revenue in the income statement (accounts renewable)
when you sell sensors on credit it shows up where?
fixed assets
where would you look to get info about a company's investment in themselves?
long term liabilities and owner's equity
info about a company's finance strategy?
largest negative number in inventory
greatest increase in sensors?
plant improvements (net)
no investment on plant improvement?
purchase of common stock
who retired stock this year?
cash from long term debt issued
who issued bonds?
fixed costs/ price -variable cost per unit
how do you break even?
statutory law
laws enacted by a federal or state legislature
common law
the law judges establish while deciding disputes
criminal law
a dispute between the government and an individual that results in fine or imprisonment
civil law
dispute between two individuals that results in a fine occasionally
administrative law, statutory law, precedents of law
where are laws derived from?
binding or non binding
arbitration can be...
always non binding
mediation is...
negligence
failure to exercise the degree of care necessary in the situation
fraud
must be committed knowingly or with reckless disregard for safety
trademark dillution laws
unauthorized use of mark by any other party
consideration and voluntary agreement and contractual capacity
elements of a contract...
Federal Trade Commission
regulate false and deceptive advertising
sole proprietorship
accounts payable
bills the company owes to others for merchandise or services purchased on credit but
not yet paid for.
total equity/number of shares
book value
current assets/current liabilities
current ratio
total debt/total assets
debt to total asset ratio
total assets/total owners' equity
leverage
line of credit
the maximum amount of money a creditor will allow a credit user to borrow
principal
Amount borrowed when getting a loan or issuing a bond.
(current assets-inventory)/current liabilities
quick or acid ratio
Current Assets - Current Liabilities
working capital
working capital cycle (cash flow cycle)
the time between the payments of what a business owes (payables) and the collection
of what a business is owed (receivables)
net income/sales
ROS
net income/Total assets
ROA
net income/total equity
ROE
net income/number of outstanding shares
EPS
total sales/total assets
asset turnover (turnover)
liabilities+owners' equity
assets
net income/number of shares
EPS
total assets/total owner's equity
leverage
sales
revenue
profit
net income-net loss
look at the company with the highest contribution margin
, company with the smallest unit cost as a percentage of sales?
current assets/current liabilities
current ratio
unit of account, medium of exchange, store of value
what is money
as revenue in the income statement (accounts renewable)
when you sell sensors on credit it shows up where?
fixed assets
where would you look to get info about a company's investment in themselves?
long term liabilities and owner's equity
info about a company's finance strategy?
largest negative number in inventory
greatest increase in sensors?
plant improvements (net)
no investment on plant improvement?
purchase of common stock
who retired stock this year?
cash from long term debt issued
who issued bonds?
fixed costs/ price -variable cost per unit
how do you break even?
statutory law
laws enacted by a federal or state legislature
common law
the law judges establish while deciding disputes
criminal law
a dispute between the government and an individual that results in fine or imprisonment
civil law
dispute between two individuals that results in a fine occasionally
administrative law, statutory law, precedents of law
where are laws derived from?
binding or non binding
arbitration can be...
always non binding
mediation is...
negligence
failure to exercise the degree of care necessary in the situation
fraud
must be committed knowingly or with reckless disregard for safety
trademark dillution laws
unauthorized use of mark by any other party
consideration and voluntary agreement and contractual capacity
elements of a contract...
Federal Trade Commission
regulate false and deceptive advertising
sole proprietorship
