Higher Business Management Finance

Front

Within which financial document would you find CURRENT LIABILITIES? Options: Cash budget, Cash flow, Statement of Financial Position, Income Statement

Back

Statement of Financial Position

Front

Which financial statement would list both GROSS PROFIT and PROFIT FOR THE YEAR?

Back

Income statement

Front

Items owned by a business such as property or machinery which are unlikely to change or be sold in the next 12 months.

Back

Non-current assets

Front

NON-CURRENT LIABILITIES are...

Back

Long term debts that a business owes

Front

Money owed by a business to its creditors is called "Trade ___________"

Back

receivables

Front

This RATIO tells us how able a business is to pay its short-term debts.

Back

Current ratio

Front

High rate of inventory turnover would tell us that...

Back

Products are selling quickly and are not stored for long

Front

True or false. An investor will be pleased to see a LOW Return on Equity Employed figure

Back

False

Front

Which ratio tells us how able an organisation is to pay short term debts without having to sell its inventory (stock)?

Back

Acid test ratio

Front

True or false. NET PROFIT is also known as PROFIT FOR THE YEAR

Back

True