How does peter drucker define profit

Assignment Help Other Subject

Reference no: EM133239703

Questions -

1. How does Peter Drucker define profit?

2. Define the term "cash basis accounting".

3. Define the "matching principle"

4. Describe the delivery company that purchased a truck in January and how it applies to the matching principle.

5. Explain why the Income Statement does not account for the inflows and outflows of cash.

6. Define the purpose of the Income Statement.

7. List three alternative names for the Income Statement

8. What time periods can the Income Statement cover?

9. Public companies must follow GAAP in compiling financial statements TRUE/FALSE

10. What is a Pro-forma Income Statement?

11. Sales and Revenue on the Income Statement mean the same thing TRUE/FALSE

12. Define the term "Cost of Sales".

13. Why are footnotes considered to be an important part of the financial statements?

14. What is the "One Big Rule" when reading financial statements?

15. In its simplest form, when can a company recognize a sale?

16. In the example in the book, how did the software company manipulate revenue recognition?

17. What is "channel stuffing"?

18. "The most common source of accounting fraud has been and probably always will be _____________

19. Define "deferred revenue".

20. "Above the line" on the Income Statement refers to what?

21. "Below the line on the Income Statement refers to what?

22. Define "Operating Expenses"

23. Operating expenses are often thought of and referred to as ________________

24. How did Waste Management Inc. use depreciation to manipulate earnings?

25. Why is depreciation and amortization considered a "non-cash expense"?

26. Give an example of a "one time charge".

27. Expenses should be listed on the Income Statement to assist management in analyzing the business. TRUE/FALSE

28. Gross Profit varies by industry. TRUE/FALSE

29. Compare the gross profit of a grocery business to a jewelry store.

30. Define Operating Profit or EBIT

31. List three ways Operating Profit can measure how well or poorly a company is being managed

32. Define EBITDA

33. Why is EBITDA favored over EBIT by financial analysts?

34. Define "Net Profit"

35. List the three legitimate fixes to a low net Profit

36. What are the negative consequences of reducing Operating Expenses as a strategy to increase Net Profit?

37. How can "exchange rates" adversely affect Net Profit?

Reference no: EM133239703

Questions Cloud

Identify which fallacy each would that comment fall under : WMIKDM Harvard High School - Gain access of the official or social media accounts of valid News Portals. (i.e. ANC, Rappler, INQ, BBC, CNN)

Impact on the division pricing decisions : Tonya Martin, CMA and controller of the Parts Division of Gunderson Inc., was meeting with Doug Adams, manager of the division. The topic of discussion was the

How business is affected by environment and effect business : How business is affected by its environment and the effect business has on its stakeholders you will apply to an existing business of your choosing.

Write notes about what logic is : ENGLISH 5257 Hartnell College - Write notes about what logic is, write explanation of the concepts that you learned from the video

How does peter drucker define profit : How does Peter Drucker define profit? Describe the delivery company that purchased a truck in January and how it applies to the matching principle

Assembly overhead should be allocated to wheels : Ben Gordon, Inc. manufactures 2 products, wheels and seats. How much of the assembly overhead should be allocated to wheels?

Which of yossos capitals did you see at work : ENGL 101 Glendale Community College - Which of Yosso's capitals did you see at work in the chapter? The capitals include: social, navigational, linguistic

Effects of covid-19 and inflation : Explain with concrete facts (whenever possible) the firm's production costs before the peak of COVID-19.

Discuss the idea of character as destiny : Please discuss the idea of "character as destiny" using Henry James' "Daisy Miller: A Study" as well as a second text of your choice from the Realism unit

User Account

All Pages