Sample Quiz

Bill Blevins

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  1. Wages can be found on the balance sheet fo a company.

    2. Your answer:
    TrueFalse

  2. The balance shows

    3. Your answer:
    a financial view of the company over a period of time
    assets, liabilities and owners equity
    The profitsof a company
    How long the compnay has been in business

  3. Gross margin can be defined as...

    4. Your answer:
    sales minus cost of goods sold
    a sick amount of money
    profit before taxes are taken out.
    profit

  4. It is important to look at your accounts recievable beacuse

    5. Your answer:
    you want to know how much money you owe other vendors
    You want to know if you have a collection problem
    It's just fun to do.
    It help with determining how much inventory to order

  5. The current ratio measure the liquidity of a business

    6. Your answer:
    TrueFalse

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