What does accounting mean?
- Preparing journal entries
- Preparing the ledger accounts
- Calculating the profit or loss
- All of the above
Captial is which type of account ?
- Personal
- Real
- Nominal
- Profit
What is Arbitrage?
- Buying stock options.
- Buying something of value and the selling it for a higher price.
- Tax-loss selling.
- None of the above.
What does Book Value mean?
- Discounted cash flow.
- The value of an asset based on its original purchase cost, minus depreciation, amortization and other similar devaluing costs.
- The current value of an asset.
- The value of an asset based on its original purchase cost, plus depreciation, amortization and other similar devaluing costs.
What is an income statement?
- A statement of the profits and losses of a company
- A statement that summarizes revenues and expenses of a firm over a time period
- Part of a financial statement
- All of the above
EBITDA is an important measure in companies because:
- It is the key measure of earnings before interest, transfers and debt accumulation.
- It is free cash flow.
- It subtracts taxes and depreciation from earnings to get a truer picture of the business.
- It is an indication of future operating cash flow.
All of these are included in operating expenses except:
- Delivery of raw materials
- Research and development costs
- Administrative salaries
- Advertising costs
What is Popularly known as "The Forgotten Financial statement" ?
- Cash flow
- Balance sheet
- Income statement
- Profit and loss statement
A business makes a gross margin of 26% on sales of 722.000,00€. What was the cost sales of the business?
- 187.720,00€
- 346.560,00€
- 534.280,00€
- Not possible to calculate
Who was the father of accounting ?
- John Keynes
- F.W.Taylor
- Adam Smith
- Luca Pacioli