A: the money paid by the owners at inception of a firm
B: net worth of a firm
C: gross profit of a firm
D: the rest resources aside from liabilities
举一反三
- Which of the following statement related to the three elements in a balance sheet is not true? A: Liabilities= Assets + Owners’ equity B: Assets refer to the resources controlled by the firm C: Liabilities refer to the amounts owed to lenders and other creditors D: Owner’s equity refers to the residual interest in the net assets of an entity that remains after deducting its liabilities
- A firm’s ______ reports the book value of all assets, liabilities, and owner’s equity at a given point in time.
- Which of the following statement related to the three elements in a balance sheet is not true? A: A. Assets refer to the resources controlled by the firm B: B. Liabilities refer to the amounts owed to lenders and other creditors C: C. Owner’s equity refers to the residual interest in the net assets of an entity that remains after deducting its liabilities D: D. Liabilities= Assets + Owners’ equity
- Owners' equity is measured by subtracting liabilities from assets. This sentence can be described as the following equation ______. A: ASSETS - LIABILITIES + OWNER'S EQUITY B: ASSETS - LIABILITIES = OWNER'S EQUITY C: OWNER'S EQUITY = ASSETS + LIABILITIES D: OWNER'S EQUITY = LIABILITIES - ASSETS
- If a firm has a debt to owners' equity ratio of .75 (or 75%) we can conclude that A: it has relied more on debt than equity to finance its operations. B: the firm is likely to have trouble paying its short-term debts when they come due. C: its total liabilities are less than its owners' equity. D: the firm has expenses that are exactly 75% of its gross profit.
内容
- 0
A total asset turnover ratio of 3.5 indicates that A: For every $1 in sales, the firm acquired $3.50 in assets during the period. B: For every $1 in assets, the firm produced $3.50 in net sales during the period. C: For every $1 in assets, the firm earned gross profit of $3.50 during the period. D: For every $1 in assets, the firm earned $3.50 in net income. E: For every $1 in assets, the firm paid $3.50 in expenses during the period.
- 1
In a firm, if the net sales are 200 million dollars, the cost of goods sold is 50 million dollars, what is the gross profit?
- 2
When economic profit is positive, A: total revenue exceeds total economic cost. B: the firm’s owners have successfully solved the principle-agent problem. C: the firm’s owners experience an increase in their wealth. D: both a and c E: all of the above
- 3
The ________ shows the assets, liabilities, and owners' equity of a firm, at a specific point in time. A: income statement B: balance sheet C: statement of cash flows D: trial balance
- 4
The difference between your sales and your cost of goods sold is known as your _____. A: net profit B: cost of doing business C: owner’s equity D: gross profit or gross margin