Wgu C213 Accounting For Decision Makers

Deferred Income – See Unearned Income: Income received before it is earned.
Price-Earnings Ratio – (Share Price)/(Diluted Earnings Per Share)
*The higher, the more the market suggests
Net accounts receivable is reported on the balance sheet – net of the allowance for estimated uncollectible amounts
salary – money paid for employee services
Responded in a timely manner to – Оперативно отвечала на
Notes Payable – amounts owed on written debt contracts
States – Authorize the formation of corporations
True – T or F: Accounting is the language of business
Jim's lunch contains 100 grams of carbohydrates, 40 grams of protein, and 25 grams of fat. What percent of calories in this meal came from fat?            
"Operating Profit Margin" Classify, Calculate, and Interpret – Operating Profitability Ratio

= [ Operating Income(EBIT) / Revenue ]

Too low, operating expenses too high. Operating efficiency is low (Operating expenses). Could add back "Depreciation and Amortization" more conservative

net income – excess of total revenue over total expense for the period
Operating Activities – Cash increases or decreases related to current assets and current liabilities
Accounts Receivable – The amount of money owed by your customers after goods or services have been delivered and/or used.
AICPA – American Institute of Certified Public Accountants
Multiple predetermined overhead rates – a costing system with multiple overhead cost pools and a different predetermined overhead rate for each cost pool, rather than a single predetermined overhead rate for the entire company. Each production department may be treated as a separate overhead cost pool.
Jim's lunch cоntаins 100 grаms оf cаrbоhydrates, 40 grams of protein, and 25 grams of fat. What percent of calories in this meal came from fat?            
intangible asset – a resource that is used in operations but has no physical substance ex: patents, copyrights, trademarks, franchises, goodwill
Balance Sheet – contains information as of at a point in time
Financial Accounting – Targeted toward reporting financial information about a business to external users such as the owner(s) and creditors.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply