Match the Following Terms with Their Definitions

question 57

Multiple Choice

Match the following terms with their definitions.
-Net income

• 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:

Ethos

A dimension of culture that refers to the basic values, assumptions, and beliefs that are held within a cultural group and that guide social interactions.

Collective Personality

The personality structure and dynamics of individuals who live in collective social systems and families, tend to be motivated by group rather than personal goals, contextually rather than dispositionally oriented, and other-focused emotionally rather than ego-focused.

Intrafamilial

Pertaining to or occurring within a family.

Intrapsychic

Pertaining to processes within an individual's mind or self.