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MIS 111 ABP-1 Exam 1 Questions & Answers 2024/2025
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MIS 111 ABP-1 Exam 1 Questions & Answers 2024/2025
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MIS 111 ABP-1 Exam 1 Questions &Answers 2024/2025
Income - ANSWERSAssets often generate
Expenses - ANSWERSLiabilities often generate
Assets = Liabilities + Equity - ANSWERSBasic Accounting Formula
Equity - ANSWERSOwnership of a company is divided in certificates called common shares
Equity = Assets - Liabilities - ANSWERSAccounting Value (or Book Value) Formula
Market Price = Share Price * Number of Common Shares Outstanding - ANSWERSMarket Price Formula
Balance Sheet - ANSWERSA financial snapshot of a company at a given point in time
Working Capital - ANSWERSMeasure of the amount of cash available in the short-term
Working Capital = Current Assets - Current Liabilities - ANSWERSWorking Capital Formula
Liquidity Ratios - ANSWERSMeasures of the ability to meet short term financial obligations
Current Ratios: Current Assets / Current Liablilities - ANSWERSCurrent Ratio Formula
Acid-test: (Cash + Accounts receivable) / Current Liabilities - ANSWERSAcid-test Ratio
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