A Book of Original Entry That Is Used to Record

question 133

Multiple Choice

A book of original entry that is used to record and post transactions of a similar type is a:

• A)Schedule
• B)Columnar ledger
• C)Special journal
• D)General journal
• E)Subsidiary ledger

Calculate key financial ratios including profit margin, gross margin, times interest earned, current ratio, acid-test ratio, debt ratio, equity ratio, inventory turnover, days' sales in inventory, accounts receivable turnover, and days' sales uncollected.

Interpret the financial health and performance of companies through ratio analysis.

Identify and compute ratios for assessing a company's profitability, liquidity, and solvency.

Evaluate short-term credit risk and profitability using financial ratios.

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Definitions:

Aspirin

A medication used to reduce pain, fever, or inflammation, it also has an antiplatelet effect for preventing blood clots.

Percocet

A prescription painkiller that combines oxycodone, a powerful opioid, with acetaminophen, used to treat moderate to severe pain.

Proprietary Name

A brand name given by the manufacturer to a product, especially a drug, under which it is marketed and sold.

Chemical Name

The precise name of a chemical as determined by its molecular structure and nomenclature standards.