Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know
Remaining cards (0)
Know
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Chapter 9

Key Terms

TermDefinition
balance sheet a report of the balances in the permanent records on a specific date
current assets the assets that are either used up or converted to cash during the normal operating cycle of the business
current liabilities the debts of the business that must be paid within the next accounting period
current ratio the relationship between current assets and current liabilities; calculated by dividing current assets by current liabilities
financial statements reports prepared to summarize the changes resulting from business transactions that occur during an accounting period
income statement a report of the net income or net loss for a specific period; sometimes called a profit-and-loss statement of earnings statement
liquidity ratio the measure of a business's ability to pay its current debts as they become due and to provide for an unexpected need for cash
profitability ratio a ratio used to evaluate the earnings performance of a business during the accounting period
quick ratio a measure of the relationship between short-term assets and current liabilities; calculated by dividing the total cash and receivables by the current liabilities
ratio analysis the process of evaluating the relationship between various amounts in the financial statements
report form a balance sheet format that lists classifications one under another
return on sales a ration that examines the portion of each sales dollar that represents profit; calculated by dividing net income by sales
statement of cash flows a financial statement that summarizes the cash receipts and cash payments resulting from business activities during a period
statement of changes in owner's equity a financial statement that reports the change in each partner's capital account resulting from business operations, investments, and withdrawals
working capital the amount by which current assets exceed current liabilities
Created by: talenswan1
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards