Card Set Information
Finance 3716, Chapters 2, 3, 4, 6, 9, & 10
a snapshot of the firm's assets and liabilities at a given point in time.
the balance sheet
assets are listed in oder of decreasing_____
difference between current assets and current liabilities. Let's you know how much money you have for business.
ability to convert to cash quickly without a significant loss in value.
the right side of the balance sheet, helps determine a fimr's financial future through stockholder's equity.
high profit margin
provides the book value of the assets, liabilities, and equity.
the price at which the assets, liabilities, or equity can actually be bought or sold.
is more like a video of the firm's operations for a specified period of time.
GAAP says to showe revenue when it accrues and match the expenses required to generate the revenue.
the percentagepaid on the next dollar earned. Associted with the federal government and changes constantly.
marginal tax rate
total taxes paid divided by total taxable income
average tax rate
expenses charged aganist revenues that do not directly affect cash flow, such as depreciation