A financial statement that sums up a firm's financial position on a particular day is
A) an equity report. B) a balance sheet.
C) statement of cash flow. D) an income statement.
B
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[Appendix material: calculus required] Suppose total benefits and total costs are given by B(Y) = 150Y ? 10Y2 and C(Y) = 5Y2. Then marginal costs are:
A. 2.5Y. B. 5Y. C. 10Y. D. 25Y.
The quantity equation states that
A) the money supply (M) divided by the velocity of money (V) equals the price level (P) divided by real output (Y), i.e., M/V = P/Y. B) M × V = P × Y. C) M + V = P + Y. D) M - V = P - Y.
The GDP price index equals ________.
A. gross private domestic investment less the consumption of fixed capital B. nominal GDP divided by real GDP C. gross national product less net foreign factor income earned in the United States D. real GDP divided by nominal GDP
The following are hypothetical exchange rates: $1 = 140 yen; 1 Swiss franc = $0.10. We can conclude that ________.
A. 1 yen = 14 Swiss francs B. 1 yen = 280 Swiss francs C. 1 Swiss franc = 14 yen D. 1 Swiss franc = 28 yen