Exam (elaborations)
ACCT-105 Final Exam Questions And Answers Latest Update
- Course
- ACCT 105
- Institution
- American Military University
ACCT-105 Final Exam Questions And Answers Latest Update
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Solution 2024/2025Pepper
ACCT-105 Final Exam Questions And Answers
Latest Update
What is the formula for EPS?
net income - preferred dividends/shares of CS issued - treasury stock shares
What is the formula for straight-line depreciation expense?
initial cost - salvage value / useful life
What is the formula for book value?
initial cost - accumulated depreciation
What is the formula to determine gain or loss?
cash received - book value
How do you now if it is a gain?
the cash received is greater than the initial cost
What is the formula for original cost?
cost + tax + install + test runs
What is the formula for ARTO?
net credit sales / average AR
What is the formula for average AR?
beginning AR + ending AR / 2
What is the formula for average collection period?
365 / ITO
What is the formula for working capital?
current assets - current liabilities
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