Accounting -Term Quiz 2

The firm has an annual _____ of $75 million.

• turnover

• bonds

• return on investment

• book value

She invested her money in stocks and _____.

• receipts

• bonds

• budget

• inflation

Don't forget to _____ for the cost of textbooks.

• receive

• expend

• budget

• inflate

A(n) ______ is a measure of profitability that is calculated by dividing net profit by total assets.

• book value

• depreciation

• equity

• return on investmen

_____ is usually computed only for common stock.

• book value

• inflation

• depreciation

• equity

_____ has caused lots of problems.

• worksheet

• inflation

• inventory

• equity

Keep the _____ as proof of purchase.

• inventory

• depreciation

• receipt

• expenses

We must limit the _____ to $100 a month.

• equity

• payroll

• revenue

• expenses

The _____ showed that the store was overstocked.

• inventory

• depreciation

• payroll

• revenue

Straight-line _____ is generally the easiest method to use.

• revenue

• depreciation

• equity

• payroll