1.) The main purpose of business is to provide _.
goods and services
2.) Profits are an indicator of which of the following?
A business's success
3.) Each of the following is a benefit of business, EXCEPT which one?
Business improves the quality
July 2- Received 62,000 in cash
July 3-Purchased supplies for 800
July 4-Payed 5,600 by customer
July 3-Purchased equipment for 12,100
July 11-Billed Customer 2,900
July 7-Purchased Land for 39,000
July 18-Payed Partial Amount
1. Cash Flow Statement
Net Income- 3040
Cost of goods sold- 37,400
Property/ Sale Proceeds-45
Retained earnings- 12930
2. Revenues is a sign of strength.
Chapter 1- pg2
Financial Statement- Are the business documents that companies use to report the results of
various user groups that can include managers, investors, creditors, and regulatory agencies.
Accounting- is an information system that measures bus