Unit 2
Card Set Information
Author:
Godsgirls
ID:
171711
Filename:
Unit 2
Updated:
2012-10-18 13:57:46
Tags:
Business Math
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Description:
Managing Your Business
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Use often by business management to analyze the financial position of the business
Ratio analysis
Compares two numbers or quantities by using division
Ratio
The first term of the ratio is called
Antecedent
The second term of the ratio is
Consequent
Turning your assets into cash
Liquidity of assets
Dividing the amount of the current assets by the amount of the current liabilities
Current ratio
What are in cash pr assets that can be converted into cash
Current assets
Are the debt due within one year.
Current liabilities
The relationship between the most liquid current assets( cash and accounts receivable) and the current liabilities
Changing the dollar amounts on the income statement to percent of sales
Percent analysis
What does percent mean
Hundredth
Is another way to express a ratio
Percent
The amount of sales in the income statement is called
Consequent
The other amount in the income statement is
Antecedent
Two equivalent ratio joined by an equal sign
Proportional
A measure of the number of days needed to collect accounts receivable
Average collection turnover
Is devided the total annual sales by 365
Average daily
what do you call when you flip the frction upsidown
reciprocal
a measure of how many times the value of inventory is sold in one year
inventory turnover
this point at which you stop losing money
break-even point
what are the two types of cost in a even-break point
fixed cost and variable costs
total fixed costs/selling-varible cost/unit what formula is this
break-even point
the suggested retail price
list price
as a retailer you will probably recieve a
trade disccount
the price paid after the trade discount has been subtracted
net price
percentage of the list price
trade discount
a part of the number given one hundredth parts
percentage of a number
to buy merchandise from a supplier and pay at a later specified date
trade credit
itemized shipping bill listing goods, prices, shipping, charges, and any ohter charges that apply
invoice
sometimes an invoice statement is denoted as
E.O.M.
the measure if the cintent ir capacity of a solid figure
volume
what is the formula to find the volume in a cude
v=e3
what is the formula for the volume of a rectagle
v=lwh
the number of smaller units in one larger unit
conversion factor
what term mean that it has the sam esize or shape
congruent
the sides of a cube are called
edges
what is the formula to find out what the volume o a cylender is
v=3.14r2h
what is the formula to find the voume of a cone
v=1/3.14r2h
the quantity of goods in sale area of the store plus those in the stockrom
inventory
what measure line segments
linear mesures
the measuring of the passing of year
time
the measure of how heavy something is
weight
what system was developed in france around 1790
metric system
what is the official name of the metric system
systeme international d' unit
the basic unit of lenth is
meter
the basic unit of capasity
liter
the basic unit of mass
gram
mili
.001
cinti
.01
deci
.1
deca
10
hecto
100
kilo
1000
1 Mile= _ KiloM
1.61
1 KiloM= _ Mile
.62
1 Liter= _ 1.06 Quarts
1.06
1 Quart= _ liter
.95
1 Oz.= _ Grams
28.35
1 gram= _ Oz
.04
1 Meter= _ Yards
1.09
1 Yard= .91 Meter
.91
1 KiloG _ LB.
2.2
1 LB.= _ Kilo
.45