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chapter 7

QuestionAnswer
a negative balance that remains after total expenses are subtracted from total income deficit
the ratio of net income to total sales return on sales
Reporting an amount on a financial statement as a percentage of another item on the same financial statement vertical analysis
Any persons or groups who will be affected by an action stake holders
The area of accounting that focuses on reporting information to internal users managerial accounting
The calculation and interpretation of a financial ratio ratio analysis
The area of accounting that focuses on reporting information to external users financial accounting
A budgeting strategy of setting aside at least 10% of after-tax income for saving and investing pay yourself first
A financial road map used by individuals and companies as a guide for spending and saving budget
A comparison between two components of financial information financial ratio
A positive balance that remains after total expenses are subtracted from total income surplus
Created by: megan_marie222