Exam (elaborations)
ADM 1340 EXAM WITH 100% COMPLETE SOLUTION
- Course
- Institution
ADM 1340 EXAM WITH 100% COMPLETE SOLUTION ...
[Show more]
Content preview
ADM 1340 EXAM WITH 100%COMPLETE SOLUTION
Three types of business activities - Answer Financing - Financing new equiptment
Operating - Buying revenue producing supplies
Investing - Buying appreciating assets
Statement of Changes in Equity - Answer reports the amounts and sources of changes
in equity investors' investment in the firm over a period of time.
Statement of Financial Positions - Answer Shows a firms assets, liabilities, and owners
equity at a given point in time
Income Statement - Answer A financial statement showing the revenue and expenses
for a fiscal period.
Statement of Cash Flows - Answer A financial statement that provides financial
information about the cash receipts and cash payments of a business for a specific
period of time.
Liquidity - Answer Measures of a comapies short-term ability to pay its maturing
obligations and to meet unexpected cash needs
Working Capital (EQN) - Answer Current assets - Current liabilities
Current Ratio (EQN) - Answer Current assets/Current liabilities *Current ratio is a better
comparison becasue it can be used on comapnies of different sizes (Compared to
working capital)
Solvency - Answer Measures a company's ability to survive over a long period of time by
having enough assets to settle its liiabilities when they mature
Debt-To-Total-Assets Ratio - Answer total liabilities/total assets (Measures the
percentage of assets that are financed by lenders and other creditors rather than by
shareholders)
Profitability - Answer Measures a company's operating success for a given period of
time
EPS - Answer Income available to common shareholders / weighted average number of
shares
PE Ratio - Answer price per share/earnings per share
What financial statement should be prepared first - Answer Income statement because
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Zayla. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
62890 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now