When a Speaker Explains the Right Way to Make a Company

question 26

Multiple Choice

When a speaker explains the right way to make a company more profitable and successful,she is using which of the following?

• A)proposition of ethos
• B)proposition of value
• C)proposition of fact
• D)proposition of self-assurance

Determine and analyze the current ratio as a measure of liquidity.

Understand the fiscal policy regarding the beginning and end dates of a fiscal year for a business.

Recognize the procedure for adjusting trial balances and its purpose.

Understand how to prepare financial statements from adjusted trial balances and end-of-period spreadsheets.

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Definitions:

Yearly Return

The total gain or loss on an investment over a one-year period, expressed as a percentage of the investment's initial value.

Variable Costs

Expenditures that adjust in relation to the level of production.

Fixed Costs

Costs that do not vary with the level of output produced by a firm, such as rent, salaries, and insurance premiums.

Profit

The financial gain obtained when the revenue from a business activity exceeds the expenses, costs, and taxes.