Which of the following is an asset in the balance sheet? Selected Answer: Accounts receivableAnswers: Accounts payableAccounts receivableWages payableAccrued expensesTaxes payable Question 70 1 out of 1 pointsPotential investors typically study the _____ in a firm's annual report to determine whether the company meets their investment requirements.
Question 71 1 out of 1 points The balance sheet indicates what an organization owns or controls. Question 72 1 out of 1 points Which of the following is a liability in a balance sheet? Question 73 1 out of 1 points Total asset turnover: Selected Answer: measures how well an organization uses all of its assets in creating sales.Answers: measures the most valuable asset of a company.compares current (short-term) assets to current liabilities.
measures how well an organization uses all of its assets in creating sales.determines the speed with which a company can turn its assets into cash to meet debts.measures the amount of inventory that is required by a company at any point of time. Question 74 1 out of 1 points What are the fundamentals of the accounting process? Question 75 1 out of 1 pointsThe _____ is an accumulation of all financial transactions conducted by an organization since its founding.
Question 76 1 out of 1 pointsThe _____ is the interest rate commercial banks charge their best customers for short-term loans. Question 77 1 out of 1 points Which of the following is true of a lockbox? Selected Answer: It is simply an address for receiving payments.Answers: It is a financial instrument used to pay off loans.It is simply a box allocated to employees for keeping their valuables.It is a financial instrument used to manage long-term assets.It is simply an address for receiving payments.It is a box used to maintain transaction balances.
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- Fall '16
- carey winset
- Business, Balance Sheet