Exam (elaborations)
MIS 111 ABP-1 Exam 1 Questions & Answers 2024/2025
- Course
- Institution
MIS 111 ABP-1 Exam 1 Questions & Answers 2024/2025
[Show more]
Content preview
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
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 Bensuda. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. 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