exam 1 Flashcards
1
Q
debt to assets
A
debt/assets
2
Q
return on assets (ROA)
A
net income/assets
3
Q
return on equity (ROE)
A
net income/equity
4
Q
financial leverage
A
use of debt
5
Q
percent change
A
new year - old year / old year
6
Q
intrest
A
I = PRT
Interest = principle x rate x time
7
Q
market
A
is a group of people or entities organized to exchange items of value
8
Q
accounting equation
A
assets = liability + equity
9
Q
dividends
A
payment of cash from corporation to their stockholders
10
Q
CPA
A
individual who has met certain criteria thus allowed to perform audits of corporation
11
Q
accounting
A
an information system that reports on the economic activities and financial condition of a business
