Which of the Following Is a Financial Performance Measure

question 18

Multiple Choice

Which of the following is a financial performance measure?

• A) Number of set-ups
• B) Number of invoices issued
• C) Number of orders received
• D) Profit as a percentage of sales

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Definitions:

Raw Materials Inventory

The total cost of all components and materials stored and used in the production of finished goods.

Accounts Payable

Liabilities owed by a business to creditors for purchases of goods and services on credit, to be paid in the near term.

Work in Process Inventory

inventory that is in the production process but not yet completed.

Factory Wages Payable

Liabilities for wages owed to manufacturing employees that have not yet been paid.