Sales at Discus Associates increased 21 this year compared to last year. If sales this year were 200,255, what were the sales last year?
A) 165,500
B) 42,054
C) 158,201
D) 34,755
Q. 2Into what category does the following balance sheet item fall: Note Receivable (3-month)
A) Current asset
B) Fixed asset
C) Intangible asset
D) Current liability
Q. 3Washila calculated that the kitchen shop she manages had a decrease of 21.5 in sales this month compared to last month. If sales last month were 187,000, what were sales this month?
A) 86,098
B) 140,385
C) 146,795
D) 740,543
Q. 4Into what category does the following balance sheet item fall: Goodwill
A) Current asset
B) Fixed asset
C) Intangible asset
D) Current liability
Q. 5Bob calculated that the sporting goods store he manages had an increase of 32.5 in sales this week compared to last week. If sales last week were 55,300, what were sales this week?
A) 75,057
B) 21,475
C) 73,273
D) 49,525
Q. 6Voltron Electrical has assets of 157,000 and liabilities of 71,000. What is the owner's equity?
A) 158,000
B) 86,000
C) 81,000
D) 117,000
Q. 7Sales at an Auto Parts store decreased 20.5 this month compared to last month. If sales this month were 75,366, what were the sales last month?
A) 15,245
B) 89,611
C) 59,916
D) 94,800
Q. 8____________________ are financial ratios that indicate how effectively a company uses its resources to generate sales.
Fill in the blank(s) with correct word
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