The Census Bureau of the U

question 42

True/False

The Census Bureau of the U.S. Department of Commerce estimated ecommerce retail sales in the United States for the first quarter of 2017 to be $105.7 billion, an increase of 14% from the first quarter of 2016.

Understand the structure and customization of the QuickBooks Online (QBO) Chart of Accounts (COA), including the addition, deletion, and modification of accounts.

Identify the main components and classifications within financial statements, including the differentiation between assets, liabilities, equity, revenues, and expenses.

Comprehend the setup and utilization of subaccounts in QBO to track additional details and enhance financial reporting.

Recognize how QBO supports tax preparation through account organization and the relationship between accounting elements and their tax implications.

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Definitions:

Cost of Capital

The minimum return rate that a company needs to achieve on its investment initiatives to preserve its market valuation and draw in capital.

Risk Level

A measure of the degree of uncertainty and/or potential financial loss inherent in an investment decision.

Dividend Growth Model

A method for valuing the price of a stock by using predicted dividends and discounting them back to present value.