Listed Below Are 5 Terms Followed by a List of Phrases

question 106

Multiple Choice

Listed below are 5 terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.
-F.o.b. shipping point

• A)Not feasible for many types of products.
• B)Not required to correspond to actual product flow.
• C)Legal title passes when goods are delivered to common carrier.
• D)Legal title passes when goods arrive at customer location.
• E)Making sure goods in transit are properly accounted for.

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Definitions:

Price-earnings Ratio

A valuation ratio of a company's current share price compared to its per-share earnings.

Bonds Payable

A financial accounting term that refers to the bonds a company has issued that must be repaid at a future date.

Earnings Per Share

A company's net profit divided by the number of its outstanding shares, indicating the profitability per share of stock.

Acid-test Ratio

A financial metric that measures a company's ability to pay its current liabilities without relying on the sale of inventory.