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MIS 111 ABP-1 Exam 1 Questions & Answers 2024/2025 $7.99   Add to cart

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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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  • September 3, 2024
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  • 2024/2025
  • Exam (elaborations)
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  • MIS 111 ABP-1
  • MIS 111 ABP-1
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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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