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5 Written questions

5 Matching questions

  1. Quick Ratio
  2. Accounts Payable
  3. Private Accountants
  4. Revenue
  5. Cash Flow
  1. a money an organization owes its vendors and suppliers.
  2. b the entire amount of income before any deductions are made
  3. c the movement of money through an organization over a daily, weekly, monthly, or yearly basis
  4. d a straight measure of liquidity that eliminates inventory
  5. e accountants employed by large corporations, government agencies, and other organizations to prepare and analyze their financial statements

5 Multiple choice questions

  1. data used by investors to compare the performance of one company with another on an equal, per share basis
  2. ratios that measure the speed with which a company can turn its assets into cash to meet short-term debt
  3. a firm's economic resources, or items of value that it owns, such as cash, inventory, land, equipments, buildings and other tangible and intangible things
  4. assets=liabilities+owner's equity
  5. explains how the company's cash changed from the beginning of the accounting period to the end

5 True/False questions

  1. Return on Equitynet income/assets


  2. Accrued Expensesis an account representing all unpaid financial obligations incurred by the organization


  3. Budgetan internal financial plan that forecasts expenses and income over a set period of time


  4. Asset Utilization Ratiosratios that measure how well a firm uses its assets to generate $1 of sales


  5. Receivables Turnoversales/accounts receivable


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