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skills review

skills review - 13 Identify each of the following as a...

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FIN3014—Principles of Business Finance Lab Math and Accounting Review The work in FIN3014 draws heavily upon your background in math and accounting. You should be familiar with the following math and accounting concepts. Your professor will assume that you have these skills. If you are rusty, now is the time to brush up. You should be able to work the following types of problems using the HP10BII or TIBAII calculator. 1. 17.5 3 = 2. 2300(1 + 0.09) 5 = 3. = 4. 65 = X = 5. 635 = 6. = 7. X = 8. X = 9. If the student body at UTSA increases from 28,420 to 28,950 in one year, what is the percentage increase in the student body? 10. A business made a \$7392 profit this month. Last month the business made 92% of this month’s profit. About how much was last month’s profit? 11. What percent of 293 is 73?

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12. 56 is 19% of what number?
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Unformatted text preview: 13. Identify each of the following as a balance sheet item or an income statement item: a. liabilities ___________________ b. cost of goods sold ___________________ c. accounts payable ___________________ d. taxes ___________________ e. cash ___________________ f. accounts receivable ___________________ g. sales ___________________ h. net income ___________________ i. stockholder’s equity ___________________ j. current assets ___________________ 14. Identify each of the following as an asset or a liability a. Inventory ___________________ b. Plant and equipment ____________________ c. Notes payable _______________________ d. Cash ________________________ e. Accounts payable __________________ f. Accounts receivable _____________________...
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skills review - 13 Identify each of the following as a...

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