money taken out of a business for personal use by the owner

HSC Business Studies ROLE of Finance Flashcards

1

Dividends are a way a business can share

2

Drawings are...

3

Which of the following is NOT a financial objective?

4

Which of the following would be found on the income statement?

5

Solvency is the ability of the business to

6

If Steve is a sole trader, how much equity does he have in the business?

7

If Total Liability + Owners Equity add to $146,000 calculate the value of stock

8

The term strategy refers to

9

Calculate NET Profit for 2015

10

Where is profit included in the balance sheet?

11

A business increases market share by merging with a competitor. Which objective is this?

12

Which financial statement shows the accountant if profit objectives are reached?

13

What does a cash flow statement show?

14

What is the opening cash balance for April?

HSC Business Studies ROLE of Finance