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Peregrine Exam Day 4 Questions And Answers With Verified Solutions 100% Correct!!!
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Peregrine Exam Day 4 Questions And Answers With Verified Solutions 100% Correct!!!
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Peregrine Exam Day 4 Questions AndAnswers With Verified Solutions 100%
Correct!!!
retained earnings - ANSWER✔✔ An amount earned by a corporation and not yet
distributed to stockholders.
Business generate earnings that can be - ANSWER✔✔ postive and negative
Retained Earnings Equation - ANSWER✔✔ Beginning Retained Earnings + Net
Income - Dividends = Ending Retained Earnings
Retained Earnings tell - ANSWER✔✔ A company generates surplus income
Inventory Turnover - ANSWER✔✔ cost of goods sold/average inventory
Inventory turnover helps - ANSWER✔✔ businesses make better decisions on
pricing, manufacturing, marketing and purchasing new inventory.
A low turnover implies - ANSWER✔✔ weak sales and possibly excess inventory
High ratio turnover implies - ANSWER✔✔ either strong sales or insufficient
inventory.
Return on Assets - ANSWER✔✔ Indicates the amount of net income generated for
each dollar invested in assets
, ROA is best used when - ANSWER✔✔ comparing similar companies or comparing
a company to its previous performance.
ROA takes into account - ANSWER✔✔ companies debt and Return on Equity
ROA formula - ANSWER✔✔ Net Income/Total Assets
net sales - ANSWER✔✔ sales less sales returns and allowances and sales
discounts
Cost of Goods Sold - ANSWER✔✔ the total cost of merchandise sold during the
period
Selling, General, and Administrative Expenses - ANSWER✔✔ operating expenses,
plus the depreciation and amortization of assets
Total cost or expenses - ANSWER✔✔ Income sheet
Operating Income - ANSWER✔✔ profitability from normal operations that equals
gross profit less operating expenses
Net Interest Expense - ANSWER✔✔ income statement
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