Use the cash flow data below to answer Question 1. Cash Flow Data for Samantha's Online Tutoring August 2011 $ September 2011 $ October 2011 $ Cash Balance 3 000 (as of the first day of the month) Sales 10 000 17 000 19 000 5 000 9 000 COGS 3 000 6 000 Expenses 5 000 11 000 1. What is the cash balance on the 1st November 2011? A. $8 000 B. $10 000 C. $36 000 D. $2 000 2. Which of the following statements best describes Quality Assurance? A. A system of responsibility in the entire business B. Small groups of employees who discuss quality problems C. The process of inspection and maintenance of the quality of goods D. An independent body setting the quality level of goods 3. Which of the following is the first step in the market research process? A. Determining market needs B. Determining information needs C. Data analysis and interpretation D. Determining how to collect data

Use the cash flow data below to answer Question 1. Cash Flow Data for Samantha's Online Tutoring August 2011 $ September 2011 $ October 2011 $ Cash Balance 3 000 (as of the first day of the month) Sales 10 000 17 000 19 000 5 000 9 000 COGS 3 000 6 000 Expenses 5 000 11 000 1. What is the cash balance on the 1st November 2011? A. $8 000 B. $10 000 C. $36 000 D. $2 000 2. Which of the following statements best describes Quality Assurance? A. A system of responsibility in the entire business B. Small groups of employees who discuss quality problems C. The process of inspection and maintenance of the quality of goods D. An independent body setting the quality level of goods 3. Which of the following is the first step in the market research process? A. Determining market needs B. Determining information needs C. Data analysis and interpretation D. Determining how to collect data

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter15: Using Management And Accounting Information

Section15.8B: Financial Ratios

Problem 1CC

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