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Which of these are the first and last steps in the budgeting process?
current deductions
revenue - expenses = profit (or loss)
list types of expenses and revenue, explain the budget to decision-makers for the company,
expenses
debt to equity ratio
FICA
liabilities
balance sheet
Which of these is a common payroll deduction?
current deductions
revenue - expenses = profit (or loss)
list types of expenses and revenue, explain the budget to decision-makers for the company,
expenses
debt to equity ratio
FICA
liabilities
balance sheet
Which of these is almost always on an earnings report?
current deductions
revenue - expenses = profit (or loss)
list types of expenses and revenue, explain the budget to decision-makers for the company,
expenses
debt to equity ratio
FICA
liabilities
balance sheet
The costs associated with operating a business
current deductions
revenue - expenses = profit (or loss)
list types of expenses and revenue, explain the budget to decision-makers for the company,
expenses
debt to equity ratio
FICA
liabilities
balance sheet
Which of these is the basic financial equation?
current deductions
revenue - expenses = profit (or loss)
list types of expenses and revenue, explain the budget to decision-makers for the company,
expenses
debt to equity ratio
FICA
liabilities
balance sheet
Which of these is a snapshot of the big picture of a company and includes all assets, liabilities and owner's equity?
current deductions
revenue - expenses = profit (or loss)
list types of expenses and revenue, explain the budget to decision-makers for the company,
expenses
debt to equity ratio
FICA
liabilities
balance sheet
Which of these is like a credit rating and tells you how much a business relies on borrowed money?
current deductions
revenue - expenses = profit (or loss)
list types of expenses and revenue, explain the budget to decision-makers for the company,
expenses
debt to equity ratio
FICA
liabilities
balance sheet
The amount of money a company owes
current deductions
revenue - expenses = profit (or loss)
list types of expenses and revenue, explain the budget to decision-makers for the company,
expenses
debt to equity ratio
FICA
liabilities
balance sheet
Check it!