POB 4.01

Match it! Select the correct answer from the pull down...Good luck!

Last month's revenue for Tisha's Tire Company was $700 and it paid $650 in expenses. Which is the net income/net loss amount for the business?

Last year's revenue for Zoe's Company was $95,000 and it paid $83,000 in expenses. Which is the net income/net loss amount for the business?

Which financial ratio will John use if he wants to determine whether his business could pay its debts due this month?

Mary reviewed her company's budget for one year and determined that it is continuously spending more on utilities. Which type of budget was used?

Tonya compared revenue of $30,000 to expenses of $22,000 to determine whether her business experienced a net income or loss. Which type of financial statement was used?

Harry's Grocery Store revenue for last year was $98,000 and it paid $103,000 in expenses. Which is the net income/net loss amount for the store?

Jill can find the value of assets and liabilities for her business at the end of the year on which type of financial statement?

Amana Appliance Company determined the affordability to start selling self-cleaning stoves. This is an example of what kind of financial planning?