Study guides, Class notes & Summaries

Business Studies Finance Questions & Answers ASIC (Australian Securities and Investment Commission) - ANSWER: ASIC is Australia's regulator of companies, and includes a role regulating the market for the issue of shares. The role for the purpose of the finance strategies is the requirement of the Corporations Law (administered by ASIC) which requires a prospectus disclosure document to be prepared and lodged with ASIC in relation to certain debt issues (debentures) and share issues (new is...

Applied Business – Finance Questions & Answers Administration Expenses - ANSWER: Operating cost and expenses that are not directly related to producing the goods or services Balance sheet - ANSWER: A statement of assets and liabilities of a business at a point in time Bank loan disadvantages - ANSWER: Interest must be paid Collateral security More expensive Bank loan - ANSWER: A fixed amount loan from a bank which is generally used to finance long term assets Bank loan advantages - ...

DECA Business Finance Questions & Answers "bottom line" - ANSWER: net income 52- week high and low - ANSWER: highest and lowest prices paid for the stock in a year absolute advantage - ANSWER: produce at a cheaper price (certain product) than ohter countries accounts payable reports - ANSWER: identify vendors to whom the business owns money Accrual Accounting System - ANSWER: Records a business's financial transactions at the time they occur, even if the money is not exchanged at the t...

GCSE BUSINESS – FINANCE QUESTIONS & ANSWERS A current asset is... - ANSWER: something of value that the business owns for less than a year and can easily be turned into cash A current liability is... - ANSWER: a debt that needs repaying within a year. A liability is... - ANSWER: an amount owed by a business to others. A non-current liability is... - ANSWER: a debt that the business will pay back over many years. A non-current or fixed asset is... - ANSWER: something of value that the bu...

Business Finance Flashcards Questions & Answers Acid test ratio - ANSWER: Current assets minus Inventory divided by current liabilities. Adverse variance - ANSWER: Negative variance like higher costs than budget. Appreciation - ANSWER: Currency value increase against another Assets - ANSWER: Valuable things a business can use. Average cost - ANSWER: Cost of producing one unit (Total costs/output). Bank loan - ANSWER: Money borrowed from a bank, repaid with interest over a period. Barriers...

Business Finance Overview Questions & Answers Acid test ratio - ANSWER: Similar to the current ratio but excludes stocks for current assets. A more severe test of liquidity. Administration - ANSWER: A failing business appoints a specialist to rescue the business or wind it up Amortisation - ANSWER: The writing off of an intangible asset Anti-competitive or restrictive practices - ANSWER: Attempts by firms to prevent or restrict competition Appreciation of a currency - ANSWER: A rise in t...

Business Btec Unit 3: Business finance Questions & Answers (HMRC) Her Majesty's Revenue and Customs - ANSWER: is a non-ministerial department of the UK government responsible for the collection of tax Administration - ANSWER: the activity of running the company Brand name - ANSWER: is name given by the marker for the product capital expenditure - ANSWER: Is used to buy capital items which are long term asset. Capital expenditure - ANSWER: Purchase of assets Items last for more than a ye...

Business Finance Questions & Answers - ANSWER: acid test ratio - ANSWER: - similar to the current ratio but it ignores stock when measuring the short-term liquidity of a business current assets-stock/liability Average Rate of Return - ANSWER: calculates the average profit on an investment project as a percentage of the amount invested bankruptcy - ANSWER: It is the formal and legal declaration of an individual's or organization's inability to settle its debts: the business owes so much...

Business & Finance 276 Questions & Finance 10 basic accounting principles - ANSWER: Economic Entity Assumption Monetary Unit Assumption Time Period Assumption Cost Principle Full Disclosure Principle Going Concern Principle Matching Principle Revenue Recognition Principle Materiality Conservatism 14 principles of management - ANSWER: Division of work; authority; discipline; unity of command; unity of direction; individual interest are insubordinate to organization's; proper pay and...

Business Financing Questions & Answers Angel Investor - ANSWER: An individual investor who provides capital to start-up businesses in exchange for debt or ownership equity. Bootstrapping - ANSWER: A situation where an entrepreneur starts a company with little capital. The individual will be as frugal as possible with expenses watching every penny. Capacity (3C's of Credit) - ANSWER: The ability to repay a loan. Capital - ANSWER: All assets including buildings, equipment, and funds needed ...