The formula for owners' equity is:
A) assets minus liabilities
B) liabilities minus assets
C) cash on hand plus assets minus liabilities
D) cash on hand minus assets
Correct Answer:
Verified
Q4: A net profit can sometimes be referred
Q5: The formula for the 'quick' financial ratio
Q6: What does inventory turnover measure?
A)How many days
Q7: For the entrepreneur,what is 'capital'?
A)The amount invested
Q8: The formula for gross profit is:
A)Cost of
Q10: The term 'current assets' includes:
A)cash and accounts
Q11: What is a break-even analysis?
A)The method of
Q12: If an entrepreneur is doing regression analysis,they
Q13: Is a bank loan considered to be
Q14: The balance sheet is:
A)an itemised statement listing
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