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analysis 4
accounting
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current assets$55000 includes Acc REC$10000,inventory $20000and prepayments of $1000. What is the value of liquid assetsA. $45000 B. $24000 C. $54000 D. $25000 E. $34000
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Gross profit %minus Total expense% equals....A. mark-up% B. Net profit $ C. unknowable D. finance cost % E. Net Profit%
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Mark-up is the amount added to ....A. cost of goods sold to find gross profit B. cost price to find selling price C. selling price to find cost price D. every dollar of sales
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Which of the following could NOT be explained with "for every $1 dollar of sales x cents is..."A. return on equity B. finance cost% C. gross profit% D. net profit%
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which measure tells you the average time in days it takes credit customers to payA. age of accounts payable B. inventory turnover C. accounts receivable minus bad debts D. credit policy E. Age of accounts receivable
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why is it important to look at both the numbers and the percentages when doing analysisA. because a large percentage increase may only be a small $ increase B. because some customers buy on credit C. because percentages are easier to compare D. because some measures are ratio's E. because percentages aren't relevant in the 21st century
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A fashion clothing store's inventory turnover is 2 times per year, is this acceptableA. no because fashion changes with the different seasons B. yes because fashions don't change often C. no because people buy online nowdays D. yes because they have a high mark-up E. no because they have end of season sales
analysis 4 (Answer Key)
accounting
-
current assets$55000 includes Acc REC$10000,inventory $20000and prepayments of $1000. What is the value of liquid assetsA. $45000 B. $24000 C. $54000 D. $25000 E. $34000
-
Gross profit %minus Total expense% equals....A. mark-up% B. Net profit $ C. unknowable D. finance cost % E. Net Profit%
-
Mark-up is the amount added to ....A. cost of goods sold to find gross profit B. cost price to find selling price C. selling price to find cost price D. every dollar of sales
-
Which of the following could NOT be explained with "for every $1 dollar of sales x cents is..."A. return on equity B. finance cost% C. gross profit% D. net profit%
-
which measure tells you the average time in days it takes credit customers to payA. age of accounts payable B. inventory turnover C. accounts receivable minus bad debts D. credit policy E. Age of accounts receivable
-
why is it important to look at both the numbers and the percentages when doing analysisA. because a large percentage increase may only be a small $ increase B. because some customers buy on credit C. because percentages are easier to compare D. because some measures are ratio's E. because percentages aren't relevant in the 21st century
-
A fashion clothing store's inventory turnover is 2 times per year, is this acceptableA. no because fashion changes with the different seasons B. yes because fashions don't change often C. no because people buy online nowdays D. yes because they have a high mark-up E. no because they have end of season sales
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