Question 16 Not yet The difference between Gross Profit equal and total sales revenue equal 5000 answered Marked out of 1.00 Flag question Select one Ca. 5000 Total Expenses b. 5000 Cost of goods sold None of the answers Od 5000 Income after Tax Question 17 Not yet answered Under the accrual basis of accounting, revenues are recognized in the accounting period in which Marked out of 1.00 Flag question Select one: a. None of the answers b. Cash is received c. Expenses are earned on the day of transaction d. Revenues are earned on the day of transaction Fin Question 18 In break-even analysis, if selling price rise, then the break even point will: Not yet answered Marked out of 100 Select one a: Remain same Flag question 5 Fall Sber loc. Rise Question 19 Which of the following is a liquidity ratio? Not yet answered Marked out of 1.00 Select one: a. Account receivable turnover Hay question @bAsset turnover Interest coverage ratio od Debt to equity ratio 26 Questo 20 When the owner invested $5,000 in his company, the effect on the OWNER EQUIY_15 Not yet answered 01 Marked out of 100 Select one a Increases Flag question October b No effect on balance sheet Liabilities decreases Question 21 Not yet if the total revenue equal 333000 and rent expense 30000, internet expense 3000 and rent expense 100000 then Net Profit equal to: answered Marked out of 1.00 Flag question Select one a 2,0000 b.200.000 200000 26 Our mon 22 Not yet answered Balance Sheet is a summary of what a company owns (assets) and owes (labilities) at the specific point of time 01 Marked out of 0:50 Select one True Flag question October False