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Accounting > Formula > Flashcards

Formula Flashcards

1
Q

Balance Sheet

A

Assets = Liabilities + Stockholder Equity

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2
Q

Income Statement

A

Revenue - Expenses

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3
Q

Retained Earnings Ending

A

Retained Earnings bb + Net Income - Dividends

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4
Q

Current Ratio

A

Current Assets /
Current Liabilities

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5
Q

Earnings per share (EPS)

A

(Net Income - Dividends) /
(Weighted Average # of Common Shares Outstanding)

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6
Q

Net Profit

A

Net Sales - COGS

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7
Q

Interest

A

I = Principal * Rate * Time

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8
Q

Total Asset Turnover Ratio

A

Net Sales / Average Total Sales

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9
Q

Debt to Asset Ratio

A

Total Liabilities /
Total Assets

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10
Q

Debt to Equity Ratio

A

Total Liabilities /
Shareholders Equity

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11
Q

Working Capital

A

Current Assets - Current Liabilities

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12
Q

AFDA EB 1

A

Credit Sales * Bad Debt Rate

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13
Q

AFDA EB 2

A

AFDABB + Bad Debt Expense - Write Offs

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14
Q

Net AR

A

AReb - AFDAeb

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15
Q

A/R Turnover

A

Net Sales /
Avg Net A/R

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16
Q

Days to Collect A/R

A

365 / A/R Turnover

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17
Q

Inventory/Full COGS

A

BI + P = COGAS - EI = COGS
BI = Beginning Inventory
P = Purchased
COGAS = Cost of goods available for sale
COGS = Cost of goods sold

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18
Q

Net Profit Margin

A

Net Sales - COGS

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19
Q

Inventory Turnover Ratio

A

COGS / Avg Inventory

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20
Q

Days to sell inventory

A

365 / Inventory turnover ratio

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21
Q

Average Cost for Inventory

A

COGAS /
Total units available for sale

22
Q

Acquisition/ Historical Cost

A

Purchase Price + additional costs to get the asset ready

23
Q

Depreciable Base

A

Historical Cost - Salvage Value
salvage value = $ sold for

24
Q

Net PP&E

A

PP&E - Accumulated Depreciation

25
Q

Units of production depreciation method

A

(Cost - Salvage Value) /
Total est. units produced

26
Q

Straight Line Depreciation Method

A

(Cost - Salvage Value) /
useful life

27
Q

Double Declining Depreciation Method

A

Prior Book Value * (2*(1/Useful life)) = Depreciation Expense,
Book Value EB = PBV - DE

28
Q

Impairment Loss

A

Book Value - Fair Value

29
Q

Goodwill

A

Purchase Price - Net Assets

30
Q

Net Assets

A

Assets - Liabilities

31
Q

Fixed asset turnover

A

Net Sales / Avg net fixed assets

32
Q

Net Profit

A

Net sales - COGS

33
Q

Net Sales

A

Sales Revenue - Discounts

34
Q

AP Turnover Ratio

A

COGS / Avg AP

35
Q

Average days to pay AP

A

365 / AP Turnover

36
Q

TVM In Excel-Present value

A

PV(I,N,PMT,FV)

37
Q

TVM In Excel-Future Value

A

FV(I,N,PMT,PV)

38
Q

Bond interest paid

A

Par Value * Coupon Rate * Time

39
Q

Bond Interest Expense

A

Book Value * Market Rate * Time

40
Q

Bond Amortization

A

ABS (BIP - BIE)

41
Q

Premium Bond

A

Stated Rate > Market Rate

42
Q

Bond at Par

A

Stated Rate = Market Rate

43
Q

Discount Bond

A

Stated Rate < Market Rate

44
Q

PV of Principal

A

PV(Market Rate, N, FV)

45
Q

PV of Interest

A

PV(Market Rate, N, PMT)
PMT = (Par Value * Stated Rate * Time)

46
Q

Issued Shares

A

Outstanding Shares + Treasury Shares

47
Q

$ Value a company receives when issuing stock

A

Market Value * # of shares sold

48
Q

Par Value of stock

A

Par value * # of shares sold

49
Q

APIC: Additional Paid in Capital

A

(Market Value * # of shares Sold) - (Par value * # of shares sold)

50
Q

Total Change in Cash

A

Operating + Investing + Financing Activities

51
Q

Cash Ending Balance

A

Cash BB + Total Change in Cash

52
Q

Quality of Income Ratio

A

Cash flow from operations /
Net Income

Accounting (6 decks)

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