Match the Following Terms with Their Definitions

question 81

Multiple Choice

Match the following terms with their definitions.
-Long-term liabilities

• 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:

Company Policies

These are the rules, guidelines, and procedures set by a company to guide operations and decisions.

Performance Appraisal

A regular review and assessment of an employee's job performance and overall contribution to a company, which may influence promotions, pay adjustments, and other management decisions.

Orientation

The process of introducing new employees to their job tasks, the company's values, and the organizational culture.

Civil Rights Act

Landmark legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin.