Which of the following calculations could produce an acceptable figure for a trader's net profit for a period if no accounting records had been kept?
A: Closing net assets plus drawings minus capital introduced minus opening net assets.
B: Closing net assets minus drawings plus capital introduced minus opening net assets.
C: Closing net assets minus drawings minus capital introduced minus opening net assets .
D: Closing net assets plus drawings plus capital introduced minus opening net assets .
A: Closing net assets plus drawings minus capital introduced minus opening net assets.
B: Closing net assets minus drawings plus capital introduced minus opening net assets.
C: Closing net assets minus drawings minus capital introduced minus opening net assets .
D: Closing net assets plus drawings plus capital introduced minus opening net assets .
A
举一反三
- The quick ratio is measured as: A: current assets divided by current liabilities. B: cash on hand plus current liabilities, divided by current assets. C: current liabilities divided by current assets, plus inventory. D: current assets minus inventory, divided by current liabilities. E: current assets minus inventory minus current liabilities.
- Operating ROA is calculated<br/>as __________ while ROE is calculated as ____ A: EBIT/Total Assets; Net Profit/Total Assets B: Net Profit/Total Assets; EBIT/Total Assets C: EBIT/Total Assets; Net Profit/Equity D: Net Profit/EBIT; Sales/Total Assets
- Some inventory taken by the owner of a business has not yet been recorded. When this transaction is recorded: A: Profit will rise and net assets fall. B: Profit will rise and net assets stay the same. C: Profit will fall and net assets rise. D: Profit will fall and net assets stay the same.
- Return on assets:（ ）。 A: measures the amount of sales dollars generated by each dollar of assets invested in the business. B: is calculated as net income/net sales. C: is calculated as net income/average total assets. D: is calculated as average total assets/net income.
- Items owned by a business that have money value are known as . A: net assets B: assets C: liability D: owner’s capital
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The gross profit percentage is calculated as: A: cost of goods sold divided by net sales revenue. B: net sales revenue minus gross profit on sales. C: net sales revenue minus cost of goods sold. D: gross profit divided by net sales revenue.
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Which one of the following is defined as a firm's short-term assets and its short-term liabilities? A: debt B: working capital C: investment capital D: net capital
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Current liabilities are ______ from current assets to give net current assets.
- 3
_____ refers to the difference between a firm's current assets and its current liabilities. A: Operating cash flow B: Capital spending C: Net working capital D: Cash flow from assets
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The ______ is equal to net sales minus the cost of goods sold.