1
Q
Assets
A
Liabilities + Owner’s Equity
2
Q
Owner’s Equity
A
Assets - Liabilities
3
Q
Liabilities
A
Assets - Owner’s Equity
4
Q
Costs of Goods Sold
A
(Beginning Inventory + Receipts) - Ending Inventory
5
Q
Gross Profit
A
Net Sales - Cost of Goods Sold
6
Q
Net Income
A
Gross Profit - Total Operating Expenses
7
Q
Percent of Net Sales
A
Amount for Item/Net Sales
8
Q
Current Ratio
A
Total Assets/Total Liabilities
9
Q
Quick Ratio
A
(Total Assets - Inventory)/Total Liabilities
10
Q
Percent Change
A
(Amount of Change/Base Figure) x 100%
Business Math (12th Grade)
flashcards
Decks in class (24)
# Cards
-
Chapter 1 Vocab12
-
Chapter 9 Formulas8
-
Chapter 9 Vocab12
-
Chapter 11 Vocab13
-
Chapter 2 Spreadsheet Formulas8
-
Chapter 4 Vocab24
-
Chapter 5 Vocab14
-
Chapter 6 Formulas7
-
Chapter 7 Formulas7
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Chapter 1 Formulas10
-
Chapter 2 Formulas8
-
Chapter 3 Formulas2
-
Chapter 4 Formulas5
-
Chapter 5 Formulas9
-
Chapter 8 Formulas14
-
Depreciation4
-
Chapter 10 Formulas10
-
Chapter 10 Vocab24
-
Chapter 11 Formulas9
-
Chapter 12 Formulas13
-
Chapter 12 Vocab24
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Chapter 21 Formulas10
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Chapter 21 Vocab15
-
Chapter 20 Formulas5
