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ACC-358-Chapter-8-finaical reporting 17) Loan provisions that are specifically designed to restrict dividend payments to shareholders are called: A) debt covenants. B) debt obligations. C) stock covenants. D) stock agreements - A) debt covenants. 18) A lender may be protected from deterioration of the borrower's creditworthiness if the commercial lending agreement requires the borrower to maintain a: A) specified return on equity. B) specified earnings per share (EPS). C) fixed cha...

Unit 3.1 Financial Statement Analysis and Ratios If a company has total sales of $46,000 in 2023 and total sales of $9,000 in 2022, how would an analyst calculate the horizontal analysis in dollars? - $46,000 − $9,000 If a company has total inventory of $83,000 in 2023 and total inventory of $80,000 in 2022, how would an analyst calculate the horizontal analysis as a percentage? - ($83,000 − $80,000)/$80,000 x 100 The formula used to calculate the horizontal analysis of inventory as a...

Accounting Equation + Journal Purchased supplies RM290 by cash. - Debit Supplies Credit Cash Purchased office equipment worth RM 32,000 using loan. - Debit Office Equipment Credit Loan Received a cash payment of RM10,000 for goods sold. - Debit Cash Credit Revenue Paid the bank loan repayment RM250 by online transfer. - Debit Loan Credit Bank Purchase building costing RM 350,500 by using long term loan from Maybank. - Debit Building Credit Long Term Loan Buy products from Pr...

Accounting Basics Vocabulary Accounting Equation - Assets= Liabilities + Owner's Equity Financial Statements - Documents that summarize the changes resulting from business transactions that occur during an accounting period. Accounts Receivable - The total amount of money owed to a business. Accounting - The systematic process of recording and reporting the financial position of a person or an organization. The accounting system is designed to collect, record, and report financial tra...

Economics is a social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behavior and interactions of economic agents and how economies work.

Week 6 A company has only $40 million to spend on all its capital projects for the current year. However, based on management's analyses, the company would require $50 million to invest in all its positive net present value (NPV) projects. All the projects are independent (none are mutually exclusive). Which method should the company use to decide which projects should be invested in for the current year? a) Sensitivity analysis b) Profitability index c) Payback period analysis d) Net p...

Economics Ch.6 & 12 Prices act as a signal to change behavior as conditions change. What happens w/ rising prices? - Buyers buy less, producers produce more In a competitive (free market) economy, prices - Are neutral Prices adjust to unforeseen events, such as natural disasters and wars, because - Prices are flexible in a free market Which is not one of the advantages of a pricing system? - When used w/ rationing, it provides everyone's basic needs Which of these is not found in a...

Economics Terms natural resources - anything humans use that comes from nature supply - the quantity of goods or services available demand - the desire to buy goods or services scarcity - a shortage or low amount of something abundance - a large amount or quantity, the opposite of scarcity consumer - a person who buys goods and uses services producer - a person who makes goods or provides services wants - things that are not necessary for survival needs - things that are...

Economics Chapter 1 Assess your _________ (your income, assets, and liabilities). - situation Set money __________! Make sure you have a mix of both short-term and long-term goals. - goals You must write out a detailed __________ for accomplishing your goals. This begins with your budget. - plan __________ your plan! This involves discipline and perseverance. - Execute Know your money __________. - personality Regularly __________ and reassess your financial plan. - check Repl...

Sociology Midterm Sociology - the systematic study of human society-- what are people participating in and how are people participating in it Sociological Imagination - Concept proposed by C. Wright Mills. Ability to consider interconnections between societal history and individual biography in order to more fully understand one's choices, problems and circumstances. Perspective that links the private troubles to public issues Private Troubles vs. Public Issue - Individual circumstances ...