Engineering Economics Pick up the correct statement regarding financial statement analysis from the following. All listed here The income statement is the summary of revenues and expenses of a firm over a particular period of time Final analysis always involves the use of various financial statements i.e., balance sheet and income statement The balance sheet is the summary of assets, liabilities and owner's equity of business at a point in time All listed here The income statement is the summary of revenues and expenses of a firm over a particular period of time Final analysis always involves the use of various financial statements i.e., balance sheet and income statement The balance sheet is the summary of assets, liabilities and owner's equity of business at a point in time ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The original record of a business transaction is recorded in this book. Ledger Account book Work book Journal Ledger Account book Work book Journal ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest? 25.8 % 23.5 % 25.0 % 24.7 % 25.8 % 23.5 % 25.0 % 24.7 % ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Cash money and credit necessary to establish and operate an enterprise are generally called ______. Assets Capital Liabilities Funds Assets Capital Liabilities Funds ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics All the proceeds which are received by the business as a result of the sale of goods is called ______. Gross income Total sales Net income Net revenue Gross income Total sales Net income Net revenue ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Pick up the ratio which gives us sufficient information by which to judge the financial condition and performance of the firm, from the following: None of these Liquidity ratio Financial leverage ratio Activity ratio None of these Liquidity ratio Financial leverage ratio Activity ratio ANSWER DOWNLOAD EXAMIANS APP
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