Finance Quizsearch 0.0 / 5 ? Business ManagementManaging FinanceScottish HighersSQA Created by: ClareCrawfordCreated on: 19-05-16 18:24 Which ratio measures the ability of a business to pay back short term debts in a crisis situation? Acid test ratio 1 of 10 What is a short term source of finance which allows a business to spend more money than is in its bank account? Overdraft 2 of 10 Items owed for a period of less than one year are known as current what? liabilities 3 of 10 Which category of ratios measure how well a business uses their resources? efficiency 4 of 10 What is the word for an extra percentage that needs to be repaid on borrowings, in addition to the original amount borrowed? interest 5 of 10 What is a measure of the extent an organization has cash to pay immediate or short term obligations, or assets which can be converted to do this? liquidity 6 of 10 What is the word for a large sum of money borrowed from a bank or building society secured on a property? mortgage 7 of 10 What is the amount of profit made before any business expenses have been deducted? Gross Profit 8 of 10 What is the term for when a supplier allows a business to buy goods and pay for them at a later date? Trade Credit 9 of 10 There are two final accounting statements - the statement of financial position, and the? income statement 10 of 10
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