Which of the Following Is an Approximation of a Cash-Based

question 87

Multiple Choice

Which of the following is an approximation of a cash-based measure of pretax operating earnings?

• A) Net sales less income taxes
• B) EBITDA
• C) Net income
• D) Gross profit

Understand the distinctions between various trial balances used in accounting.

Identify the effects of adjusting and closing entries on company financial statements.

Understand the concept and purpose of reversing entries in the accounting cycle.

Grasp how transactions affect the retained earnings account during the closing process.

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Definitions:

Conflicting Forces

Opposing factors or influences that create tension within a situation, process, or system, impeding progress or resolution.

Labour Demand

The total quantity of workers that employers are willing and able to hire at a given wage rate in a certain period.

Simulation

A method for modeling a real phenomenon with a set of mathematical formulas and algorithms to study its behavior under various scenarios.

Forecasting HR Demand

The process of estimating the future human resource requirement of an organization, based on its business strategy, objectives, and level of operational activity.