Repayments from the Funds Responsible for a Particular Expenditure to the Funds

question 25

Multiple Choice

Repayments from the funds responsible for a particular expenditure to the funds that initially paid for them are interfund:

• A) loans.
• B) services provided and used.
• C) transfers.
• D) reimbursements.

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Definitions:

Days' Sales Uncollected

A financial metric that measures how long it takes, on average, for a company to collect cash from its credit sales.

Profit Margin

A financial metric that measures the amount of net income earned with each dollar of sales generated by comparing the profit and the revenue.

Total Asset Turnover

A financial measure that calculates the ability of a company to turn its assets into sales revenue.

Return On Total Assets

A financial ratio that measures a company's ability to generate profit from its assets.