Displays the revenues and expenses of a company

Assignment Help Finance Basics
Reference no: EM131144039

1 Which financial statement displays the revenues and expenses of a company for a period of time?
a Income statement
b Balancesheet
c Cash flow Statement
d Statement of shareholder's equity

2 What is the main purpose of financial accounting?
a Organise Financial Information
b Provide Useful ,financial information to outsiders.
c Keep track of company expenses.
d Minimise company taxes.

3 Which of these is not included as a separate item in the basic accounting equation?
a Assets
b Revenues
c Liabilities
d Shareholder's equity

4 Any expense that gives benefit for a period of less than twelve months is called ________.
a Capital Expense
b Revenue Expense
c Revenue Receipt
d Deferred Expense

5 Prepaid rent given in the Trial Balance will be treated as a (an):
a Asset
b Liability
c Revenue
d Deferred expense

Reference no: EM131144039

Questions Cloud

Does mental illness such as adhd and ptsd contributes : Complete a draft of the prospectus using information from your 10 Key Strategic Points document. So, my topic of discussion is "Does mental illness such as ADHD and PTSD contributes to Learning Disability?" Now you can use the 10 key strategic lin..
Journalize the transactions for the month of july : Sansomite Co. distributes suitcases to retail stores and extends credit terms of 1/10, n/30 to all of its customers. At the end of June, Sansomite's inventory consisted of suitcases costing $1,200.
How tall is the radio tower : A surveyor standing 68 meters from the base of a building measures the angle to the top of the building and finds it to be 40°. The surveyor then measures the angle to the top of the radio tower on the building and finds that it is 49°. How tall is t..
The valve closed the very next time it is hit by the cam : The valve is considered to be closed if the distance between its rest position and its actual position is less than 0.0001 m. Is the valve closed the very next time it is hit by the cam?
Displays the revenues and expenses of a company : 1 Which financial statement displays the revenues and expenses of a company for a period of time?
What is the effect on price and profits if ge expands output : The demand curve for the industry is P=100-Q, where P is the price (in $millions) and Q is the total quantity produced by GE and Westinghouse. Currently, each firm has marginal cost of $40 and no fixed costs. Thanks!
Discuss the two varieties of family problems : Discuss the two varieties of family problems that might be resolved using CBT family therapy. For each problem, suggest behavioral goals and social reinforcers that might be used.
How far is the boat from the base of the dam : From a boat on the river below a dam, the angle of elevation to the top of the dam is 21°52'. If the dam is 2376 feet above the level of the river, how far is the boat from the base of the dam (to the nearest foot)?
Determine the response of an undamped system : Determine the response of an undamped system to a ramp input of the form F(t) = F0 t, where F0 is a constant.

Reviews

Write a Review

Finance Basics Questions & Answers

  A financial consultant to defense electronics

Suppose you have been hired as a financial consultant to Defense Electronics, Inc. (DEI), a large, publicly traded firm that is the market share leader in radar detection systems (RDSs). The company is looking at setting up a manufacturing plant over..

  Calculate the payback period, the npv and the irr

The new clubs will also require an increase in net working capital of $1,400,000 that will be returned at the end of the project. The tax rate is 40 percent, and the cost of capital is 14 percent.

  Improving the efficiency of logistics

Falling prices for core computing components, rapid advancement in speech recognition technology and head-worn display products are fueling a phenomenal growth in the wearable computer market.

  What is the difference in the effective annual rates

What is the difference in the effective annual rates charged by the two banks?

  Determine costs of internal and external equity for firm

New common stock can be sold to net the company $11 per share. Determine the costs of internal and external equity for this firm.

  What is the average monthly return

The past five monthly returns for K and Company are 4.85 percent, 5.02 percent, -.35 percent, -.35 percent, and 9.60 percent. What is the average monthly return?

  Using ratio analysis to inform organizational decisions

Application: Using Ratio Analysis To Inform Organizational Decisions The Assignment: Barry Computer Company Prepare a performance report on Barry Computer Company. (Problem 4-23 on pages 131-132 of the course text provides a balance sheet and ..

  What is the maximum amount you should pay for the annuity

You are offered an annuity that will pay $10,000 a year for 10 years starting after 5 years have elapsed. If you seek an annual return of 8 percent, what is the maximum amount you should pay for the annuity.

  What is the implicit cost of the trade credit

Kearns, Inc., sells its goods with terms of 3/15 EOM, net 60. What is the implicit cost of the trade credit?

  Gary whitmore is a high school sophomore he currently has

computing annuity payments gary whitmore is a high school sophomore. he currently has 7500 in a savings account that

  Ellie and linda are equal owners in otter enterprises a

ellie and linda are equal owners in otter enterprises a calendar year business. during the year otter enterprises has

  The current price on a 46 inch flat panel lcd had tv is

the current price on a 46 inch flat panel lcd had tv is 2300. big screen had tv prices have dropped at an average rate

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd