Match the Following Terms with Their Definitions

question 58

Multiple Choice

Match the following terms with their definitions.
-Net purchases

• A)Uses a base year
• B)Inventory and prepaid expenses are subtracted
• C)A liability
• D)Net sales ÷ total assets
• E)Actual sale after returns on discounts
• F)Current assets ÷ current liabilities
• G)What we owe creditors
• H)Data placed side by side
• I)Cash, supplies
• J)Obligations due within one year
• K)Cost of goods for resale
• L)Obligations that are not due for at least one year
• M)Total this period is compared by amount of percent to same total last period
• N)Part of stockholders' equity
• O)What customers owe
• P)Dollars not shown
• Q)Paid in advance
• R)Profit
• S)Revenues and expense for a specific period of time
• T)Prepared as of a particular date
• U)Beginning inventory plus new purchases - ending inventory
• V)True cost of purchases
• W)Includes no plant and equipment assets
• X)Sales - cost of goods sold
• Y)Each liability and equity is analyzed as a percent of the total

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Definitions:

Insurance Firm

A company that offers risk management in the form of insurance policies, providing compensation for losses in exchange for premium payments.

Corporate Blog

An online platform maintained by a business or organization to communicate directly with its audience, often used for marketing, branding, or public relations purposes.

Internet Users

Individuals who access and use the internet via various devices for information, communication, entertainment, or transaction purposes.

Frequency and Reach

Metrics used in advertising to measure how often (frequency) and the extent of the audience exposed (reach) to a message.