financE FINAL.docx - GBD205MGC Homework Assn#4 2019 –...

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GBD205MGC Homework Assn #4 2019 – Summer Chapter #1 Practice Exercises 1. Match the following types of accounts to their Balance Sheet classification: __B__Accounts Payable ___A_ Cash __C__ Equipment ___A_ Inventory ___D_ Bank Loan ____A Accounts Receivable ___E_ Retained Earnings ___B_ Taxes Payable __E__ Initial Capital Accounts _E___ Common Stock A. Current Asset B. Current Liability C. Long-Term Asset D. Long-Term Liability E. Owner Equity 2. Match these equations: _B_ Revenues Expenses __A__ Current Assets Current Liabilities _F___ Revenues - Cost of Sales, Wages, Benefits, & Operating Expenses __D__ Wage Cost / Revenues __G__ Profit Dollars / Revenue Dollars ___C_ Room Revenues / Total Rooms ___E_ Change in Profit $ / Change in Revenue $ A. Working Capital B. Profit Formula C. RevPAR D. Cost Percent E. Retention/Flow-through F. Department Profit G. Profit percent Page 1 of 4
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GBD205MGC Homework Assn #4 2019 – Summer 3. Match the financial statement with the description: _C___ Has opening and ending balances ___B_ Is the same as an A&L Statement
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  • Fall '12
  • MatthewAbate
  • Balance Sheet, Generally Accepted Accounting Principles, Homework Assn

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