algebra II
Which of the following best describes operating revenue?
revenue that a business earns through its stated business practices
Which financial statement considers net income as retained earnings?
shareholder's equity
How is income tax expense calculated?
take pretax income and multiply it by the tax rate
Which of the following best describes retained earnings?
the money that a business earns and retains within the business
Regarding the statement of owner's equity, which of the following best describes Dividends?
the money that is withdrawn from a business and paid to the owners
Which of the following best describes net income?
the total amount of cash available after paying expenses
Which of the following best describes the purpose of non-current assets?
to help with the long-term operations of a business
Solve the inequality. -1/3x-12>21 or -6x+10<-2
x<-99 or x>2
solve the inequality. 7x+3<4 or x+9>13
x<1/7 or x>4
y varies directly with x. y is 49 when x is 7. what is x when y is 77?
x=11
y varies directly with x. y is 12 when x is 4. what is x when y is 9?
x=3
y varies directly with x. y is 42 when x is 7. what is x when y is 18?
x=3
y varies directly with x. y is 33 when x is 3. what is x when y is 55?
x=5
y varies directly with x. y is 121 when x is 11. what is x when y is 99?
x=9
complete the equation describing how x and y are related.
y=2x+2
complete the equation describing how x and y are related. when x changes by 1, y changes by 2. when x is 0, y is 3.
y=2x+3
If Beginning Year Cash Balance is $17,000, and Net Change in Cash is ($2,000), what is the Ending Year Cash Balance?
$15,000
If Net Cash from Operations is $800, Net Cash from Investing is $500, and Net Cash from Financing is $700, what is the Net Change in Cash?
$2,000
If Net Cash from Operations is $1,000, Net Cash from Investing is ($500), and Net Cash from Financing is $300, what is the Net Change in Cash?
$800
What changed entry would make this income statement accurate?
(2,200)
solve the inequality. be sure to simplify your answer. |3x-1/12|<7/12
-1/6<x<2/9
solve the inequality. 4<-3x-1<9
-10/3<x<-5/3
solve the inequality. |3x+7|<4
-11/3<x<-1
solve the inequality. |4/7+2x|<2/5
-17/35<x<-3/35
evaluate the expression when x=5 and y=1. x(1+y)-3(x-y)=
-2
solve the inequality. |7x+3|<11
-2<x<8/7
solve the equation and simplify your answer. 5x+4(3x-2)=7+6(x-3)
-3/11
given g(x),evaluate g(-2). g(x)=3x^2-2x/2x
-4
solve the equation and simplify your answer. 3x+2(x-1)=2(2x-3)
-4
solve the inequality. -3/2x+4<10 and 2/3x+2<6
-4,6
evaluate the expression when a=4 and b=7. 2a²-4b-4a(b-a)=
-44
given g(x),evaluate g(-2). g(x)=x^2-2x+7/2x+1
-5
solve the inequality. be sure to simplify your answer. |6x-2|-6<10
-7/3<x<3
solve the equation and simplify your answer. 5x-(x+3)=3(2-2x)+x
1
What changed entry would make this income statement accurate?
1,100
1. y varies directly with x. y is 30 when x is 6. what is the value of k? 2. y varies directly with x. y is 30 when x is 6. what is y when x is 11?
1. y=5x 2. y=55
solve the equation and simplify your answer. 3x+4(x+1)=x+2(x+3)
1/2
solve the equation and simplify your answer. 3(2x+1)=-4(1/4x-1)
1/7
use the distributive property to simplify the equation below. 3(4x+5)=
12x+15
6(2x+3)=
12x+18
complete the equation describing how x and y are related. when x changes by 1, how much does y change?
2
use the distributive property to simplify the equation below. 7(3x+4)=
21x+28
evaluate and simplify the expression when a=9 and b=4. 3b-2(1-b)/a-3
3
combine like terms to simplify the equation below. 1+3z-2x+4z=
7z-2x+1
evaluate and simplify the expression when a=3 and b=2. 3b-2(1-b)/a-2
8
solve the equation and simplify your answer. 9x+7(3-x)=6x+3(x+4)
9/7
combine like terms to simplify the equation below. 3x-7y+6x-7y+8=
9x-14y+8
If Beginning Year Cash Balance is $1,200, and Net Change in Cash is ($200), what is the Ending Year Cash Balance?
$1,000
combine like terms to simplify the equation below. 9x-4+3x-5=
12x-9
solve the equation and simplify your answer. 4x+8(x-10)=4(x+8)
14
combine like terms to simplify the equation below. 9y+5y-3=
14y-3
evaluate the expression when a=2 and b=3. 3a²-5a-4(a-b)+3b=
15
use the distributive property to simplify the equation below. 9(2x+3y-1)=
18x+27y-9
given g(x),evaluate g(2). g(x)=9x^2+4x-21
23
complete the equation describing how x and y are related. find the value of y when x is 0.
3
evaluate and simplify the expression when a=2 and b=13. 20a-1/b
3
evaluate the expression when c=1 and d=3. 3(2c+d)-4(c-d)+d²=
32
How many financial statements are used to assess the financial health of a business?
4
evaluate the expression when x=-1 and y=4. x^2+7y+12=
41
given f(x),evaluate f(-6). f(x)=2x^2+5x-x/3
44
combine like terms to simplify the equation below. 4a-2a+6b+2a=
4a+6b
evaluate the expression when a=2 and b=20. 50a-2b+6
66
given f(x),evaluate f(5). f(x)=4x^2-7x+3
68
Which of the following is credited when the amount of money customers owe a business decreases?
Accounts Receivable
If there is a net loss, which of the following is true?
An income tax expense will no longer be required.
The number 4 is a solution to: 1/2x-3<-3
False
the number 5 is a solution to: x+4>9
False
How will a decrease in Accounts Payable affect cash flow from operations?
It will decrease.
Contra revenue usually comes in the form of which of the following?
a sales discount or a sales return
An increase in cash flow from operations could possibly be caused by which of the following?
an increase in Accounts Payable
Which of the following decreases when credited?
assets
What is an example of a business cost that is not included in COGS?
utility expenses
solve the inequality. be sure to simplify your answer. |6x-3|-4>8
x<-3/2 or x>5/2
solve the inequality. x+1/2<-3 or x-3>-2
x<-7/2 or x>1
solve the inequality. |2x+10|>6
x<-8 or x>-2
Taking pretax income and multiplying it by the tax rate will calculate which of the following?
income tax expense
On the balance sheet, assets are balanced with which of the following?
liabilities and shareholder's equity
If expenses are decreased, which of the following will result?
net income will be increased
Which of the following are long-term in nature?
non-current assets
What is income tax expense equal to?
pretax income multiplied by the tax rate
What is an example of a direct cost in a list of cost of goods sold?
purchases
How will a decrease in Accounts Receivable affect cash flow from operations?
It will increase.
How will a decrease in Inventory affect cash flow from operations?
It will increase.
How will an increase in Accounts Payable affect cash flow from operations?
It will increase.
What effect will decreasing expenses have on net income?
It will increase.
Which expression best describes a non-current liability?
Long-term
Free cash flow from operations starts with which of the following?
Net Income
What is the final line item of the income statement and is also the first line item of the operating cash flow section of the statement of cash flows?
Net Income
Which of the following is a symbolical representation of the income statement?
Revenue - Expenses = Net Income
Which is an example of a current liability?
Taxes payable
What will happen to cash flow if revenue and expenses have the exact same change?
The effect will be neutral.
Which of the following is true of the balance sheet, income statement, and statement of cash flows?
These three financial statements are linked.
In finance and accounting, which of the following is true of negative numbers?
They are wrapped in parentheses.
the number 0 is a solution to: -4<w+4<6
True
Net income can be increased by what?
an increase in revenue
How often is a statement of owner's equity typically generated?
annually
How is Net Income captured within the Shareholder's Equity portion of the balance sheet?
as Retained Earnings and Dividends
Which of the following are the three main types of expenses?
cost of goods sold (COGS), operating expenses, and non-operating expenses
Which of the following will increase net income?
decreasing expenses
Which of the following is the money that is withdrawn from a business and paid to the owner?
dividends
